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Industry News

Cause of Kobe Bryant Chopper Crash Unclear; Pilot Compliance with Flight Rules Being Probed

The helicopter carrying retired basketball star Kobe Bryant and eight others had been cleared to operate in deteriorating weather but not the dense clouds into which it apparently flew shortly before crashing, according to investigators and flight data. The Sikorsky …
Houston Mayor, Others Assisting Residents After Deadly Warehouse Blast

Houston’s mayor and others say they will work to provide assistance to residents whose homes were damaged after a massive explosion at a warehouse that killed two workers and injured 20 others. Mayor Sylvester Turner on Saturday walked through the …
Swiss Re Corporate Taps Ex-Allianz Exec Willauer as Head Property & Specialty, EMEA

Swiss Re Corporate Solutions has appointed Bianca Willauer as head Property & Specialty Lines, Europe, Middle East and Africa (EMEA), effective Feb. 1, 2020. In this role, Willauer will be responsible for the development and underwriting performance of Property & …
Hiring Momentum May Be Slowing Overall But Not in Insurance

There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a survey showed on Monday, the latest suggestion that the labor market has likely peaked and …
Oil Giant Total Sued by 14 French Cities, NGOs over Failure to Cut Carbon Emissions

Oil giant Total SA is being sued by 14 local governments and a handful of non-governmental organizations in France for not doing enough to reduce its carbon emissions and fight global warming. The legal challenge is the latest sign that …
Woman Sues Maine Motels for Ignoring Signs of Sex Trafficking

A former Maine resident is becoming the first woman in the state to join a national effort to force hotel and motel owners to compensate victims of sex trafficking. The woman, identified in court documents by the initials R.T., said …
Virginia Woman Sues Animal Shelter Over Bite to Her Finger

A Virginia woman has sued a humane society that she says didn’t properly restrain a caged dog that bit her finger. Marie A. Franco-Wisnewski, 55, of Portsmouth, is seeking $240,000 in damages, plus costs and interests, from the Portsmouth Humane …
Massachusetts’ Risk Strategies Promotes Hoffman, Smith as Executive Vice Presidents

Risk Strategies, a Boston, Mass.-based, privately held national insurance brokerage and risk management firm, has promoted Tracy Hoffman and Matthew Smith as executive vice presidents of its National Health Care Practice. Previously, both Hoffman and Smith served as senior vice …
Romanelli Appointed as Chair of IICF Northeast Division to Succeed Watkins

The Insurance Industry Charitable Foundation (IICF) has appointed Jim Romanelli, senior vice president and New York City branch manager at CNA, as chair of the IICF Northeast Division’s board of directors. Romanelli began his tenure at CNA more than nine …
Factbox: What’s Ahead for Financial Services Sector and Brexit Trade Deal?

Britain leaves the European Union at 2300 GMT on Friday but has yet to negotiate a deal on future trading relations with the bloc. The EU is Britain’s biggest market for financial services, worth about 26 billion pounds ($34.2 billion) …

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