Insurance Archives - Residential Property Insurance & Business Management

Bid to evacuate citizens from virus-hit cruise ship
Leaked records expose for the first time how China judges its citizens to be a threat
Leaked records expose China's Xinjiang camps February 17, 2020
Newly leaked Chinese records have revealed for the first time the system by which hundreds of thousands of Uyghurs have been monitored and detained in heavily fortified internment centers across Xinjiang. According to the leak, Chinese citizens can be sent to the camps for reasons such as growing beards, owning passports, or having too many […]
Here's how long coronaviruses may linger on contaminated surfaces February 18, 2020
• Live updates: Wuhan hospital director dies from virus • 780 million on lockdown in China
Man who refused to evacuate quarantined ship responds to criticism February 18, 2020
Matthew Smith of Sacramento, California, and his wife decided to stay aboard the Diamond Princess cruise ship. Fourteen Americans evacuated from the ship on US-chartered flights have tested positive for novel coronavirus, the US departments of State and Health and Human Services said. Watch "Full Circle" every weeknight at 5pm E.T.
Bloomberg qualifies for Wednesday's Democratic debate -- his first February 18, 2020
• Justice Department storm intensifies with new attacks on Barr's credibility • He's known Bill Barr for 40 years. Now, he's calling for his resignation • CNN Exclusive: Pelosi's 2020 warning to Democrats
Justice Department storm intensifies with new attacks on Barr's credibility February 18, 2020
La Liga rethinks stance over apparent racist gesture by Real Mallorca coach February 18, 2020
La Liga has clarified its stance on an alleged racist incident in a Spanish top tier football match following a public backlash.
Another royal couple announce they'll divorce February 18, 2020
Queen Elizabeth II's nephew, the Earl of Snowdon, has announced he is to divorce his wife after 26 years of marriage.
Ruud Gullit 'disappointed' players didn't 'protect' racially abused star February 18, 2020
Dutch soccer legend Ruud Gullit says he was "disappointed" to see players not back Porto striker Moussa Marega as he walked off the pitch after being subjected to racist abuse from opposition fans.
Topless protesters disrupt Bernie Sanders rally in Nevada February 17, 2020
Topless protesters crashed the stage at a Bernie Sanders campaign rally in Nevada, calling for the 2020 Democratic presidential candidate to end his support for the dairy industry and animal agriculture.
The industry of outrage surrounding TV star's death February 18, 2020
College football player body-slams police officer February 17, 2020
An Eastern Kentucky college football player faces assault charges after he body-slammed an Ohio police officer, which was caught on dashcam footage.
Skier choked by his coat on chair lift February 18, 2020
A skier in Colorado died after his coat became wrapped around his head and neck on the chair lift, according to the company that operates the chair lift.
Skeleton found in cave could reveal Neanderthal death rites February 18, 2020
Boy Scouts of America files for bankruptcy amid hundreds of sexual abuse lawsuits February 18, 2020
The Boy Scouts of America has filed for bankruptcy, according to a court document filed in Delaware bankruptcy court early Tuesday.
Ski season in the Alps may soon be over, permanently February 14, 2020
Ski resorts across the Alps are struggling to keep slopes open as climate change causes temperature rise and snowfall becomes less predictable.
Lewis Hamilton calls for diversity and inclusivity after winning Laureus award February 18, 2020
Lewis Hamilton highlighted gender inequality in motorsport as he was crowned Laureus Sportsman of the Year jointly with Barcelona star Lionel Messi Monday.
Medieval 'Black Death' mass grave uncovered in the English countryside February 18, 2020
The sweeping scourge of the Black Death in 14th century England was so great it forced city-dwelling victims out to countryside hospitals, based on the tragic findings in a mass grave in Lincolnshire, England.
A commonly held belief about dinosaurs may be all wrong February 18, 2020
The image of cold-blooded, scaly, reptilian dinosaurs imprinted in our imaginations by movies like "Jurassic Park" may never have existed.

12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus February 18, 2020
China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance regulator said. The scheme has set aside …
Generali, Great Eastern Weigh Bids for Malaysia Insurers, Part Owned by AXA: Sources February 18, 2020
Singapore’s Great Eastern Holdings Ltd. and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses in Malaysia that AXA SA and Affin Bank Bhd. own, according to people familiar with the matter. Great Eastern, which …
Elffie Chew, Manuel Baigorri and Vinicy Chan
Louisiana Student Hospitalized After Pushup Punishment Awarded $183K February 18, 2020
A Louisiana appeals court ruled that a former high school student who was hospitalized after being ordered to perform 200 pushups as punishment was rightfully awarded more than $180,000 in damages. Former McKinley High School student Tristen Rushing was late …
Iowa District to Pay $4.8M to Settle Suit Over Deadly School Bus Fire February 18, 2020
A western Iowa school district will pay $4.8 million to settle a lawsuit brought by the family of 16-year-old girl who died in a 2017 school bus fire that also killed the bus driver. Riverside Community School District has reached …
Two Employees Injured in Fire that Destroyed Iowa Towing, Auto Shop February 18, 2020
Two people suffered minor injuries in a fire that destroyed a Fort Dodge, Iowa, towing and auto business in northwestern Iowa, officials said. The fire broke out in the afternoon on Feb. 14 in Mid Iowa Towing, television station KCCI …
Gun-Selling Website Sued by Widow of Slain Chicago Police Commander February 18, 2020
The widow of a slain Chicago Police Department commander has filed a lawsuit against the website used to sell the gun tied to her husband’s death. The Chicago Sun-Times reports Erin Bauer and the nonprofit gun control group Brady filed …
In Houston, a City with No Zoning, Warehouse Blast Prompts Safety Debate February 18, 2020
Houston’s lack of zoning restrictions has left many residents with neighbors they don’t want: petrochemical facilities and businesses that handle hazardous materials. That unease was laid bare again last month when a massive explosion leveled a metal fabricating and manufacturing …
Juan A. Lozano
United Valley Adds Peterson & Grantham in Northern California February 18, 2020
United Valley Insurance Services Inc. has added as a new member Roseville, Calif.-based Peterson & Grantham Insurance Brokers. Curtis Peterson, the sole owner and agency principal, founded the agency in 2008 with Arrow Grantham. The agency has five employees. United …
In an About-Facebook, Zuckerberg Likes Internet Regulation As Way to Win Public Trust February 18, 2020
For years, Facebook Inc. lobbied governments against imposing tough regulations, warning in some cases that they could harm the company’s business model. Now, it’s pleading for new rules for the good of its business. In a white paper published Monday, …
Natalia Drozdiak
Idaho Football Players Win Settlement in False Arrest Lawsuit February 18, 2020
A Utah county agreed to pay more than $10,000 to settle a lawsuit filed by two Idaho State University football players who said they were falsely arrested during a bank robbery investigation. Nehemiah McFarlin and Atoatasi Fox will receive $5,100 …
California IHOP Cook Arrested for Workers’ Compensation Fraud February 18, 2020
California Department of Insurance detectives arrested Jonathan Quezada, 28, on multiple felony counts of insurance fraud and workers’ compensation insurance fraud after he allegedly falsified an insurance claim to receive unearned workers’ compensation benefits costing Californians over $22,000. Quezada was …
Chubb Expands Incident Reporting Tool to Excess Casualty Clients February 18, 2020
Chubb has expanded access of its Incident Alert tool to its Excess Casualty clients during catastrophic events. The tool, which has previously been used by Chubb environmental and cyber customers, now can assist Excess Casualty clients during a catastrophic event …
Trial Set to Begin for North Carolina Insurance Magnate Accused of Political Corruption February 18, 2020
The trial of an insurance company magnate and two associates on charges they conspired to bribe an elected North Carolina regulator with up to $2 million in campaign money so scrutiny of his businesses would ease is getting started. U.S. …
Gary D. Robertson
Rock Slide Blamed for Fiery Derailment of Kentucky Train, Chemical Leak February 18, 2020
A large rock slide on a rain-saturated mountain caused a fiery train derailment Thursday morning in eastern Kentucky that briefly trapped two crew members and caused a chemical leak into a river, authorities said. Two crew members of the CSX …
Rebecca Reynolds Yonker
2 People Injured After Ceiling Collapses Inside Atlanta Airport Restaurant February 18, 2020
Part of a restaurant ceiling collapsed inside Atlanta’s airport Thursday, leaving a large chunk of it draped over countertops in the dining area. One person was taken to a hospital, and a second person was treated at the scene, airport …
Jeff Martin
Officials Warn Mississippi Flooding Could Worsen as Water Continues to Rise February 18, 2020
With the waters in the Pearl River continuing to rise in and around Mississippi’s capital city and more rain on the way this week, the governor warned residents that it would be days before flood waters start to recede. Gov. …
Rogelio V. Solis and Rebecca Santana
HCI Approved by Florida Regulator to Replace Anchor P&C Coverage for 43K Insureds February 18, 2020
The Florida Office of Insurance Regulation has approved a plan for Homeowners Choice Property and Casualty Insurance Company, a subsidiary of HCI Group, to provide replacement policies for Anchor Property and Casualty Insurance Co. policyholders. The approved plan provides policyholders …
Amy O'Connor
Cruise Ship Tests Coronavirus Containment As 300 Passengers Return to U.S. February 17, 2020
TRAVIS AIR FORCE BASE, Calif./GENEVA, Feb 17 —More than 300 American cruise liner passengers, including 14 who tested positive for coronavirus, were flown home to military bases in the United States after two weeks under quarantine off Japan. The cruise …
Stephanie Nebehay and Stephen Lam
Jury Awards $265M to Farmer Claiming Drifting Herbicides Damaged His Orchard February 17, 2020
A Missouri jury’s $265 million award to peach grower Bill Bader in his lawsuit against herbicide providers Bayer and BASF has raised the stakes for the two companies as at least 140 similar cases head to U.S. courts later this …
Patricia Weiss
Days of Torrential Rains in Southeast Leave Swollen Rivers, Mudslides February 14, 2020
Days of torrential rain across the Southeast left residents to deal with rising rivers, falling trees, weakened dams and mudslides Thursday as storms finally subsided. An Alabama town asked residents to cut back on water usage after a pumping station …

Apple hits stocks, euro near three-year low February 18, 2020
World stocks markets were knocked off record highs on Tuesday as two of the world’s mega companies reported damage from the coronavirus outbreak.
HSBC to slash investment bank, 35,000 jobs in strategy overhaul February 18, 2020
HSBC Holdings PLC said on Tuesday it would shed $100 billion in assets, shrink its investment bank and revamp its U.S. and European businesses in a drastic overhaul that will mean 35,000 jobs cut over three years.
Walmart sees slowing online sales growth after lackluster holiday quarter February 18, 2020
Walmart Inc forecast slowing online sales growth for the year after missing Wall Street expectations for quarterly sales and profit, hurt by a shorter holiday season and lower demand for apparel, toys and electronics.
Oil drops below $57 on coronavirus impact and OPEC+ delay February 18, 2020
Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market.
Nissan CEO tells angry shareholders he is ready to be sacked if no turnaround February 18, 2020
Nissan's new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan's second biggest automaker which is grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn.
Boy Scouts of America files bankruptcy in wake of abuse lawsuits February 18, 2020
The Boy Scouts of America said on Tuesday it had filed for Chapter 11 bankruptcy amid a flood of lawsuits over allegations of child sexual abuse stretching back decades.
If Apple is hurting due to the coronavirus, its suppliers and rivals likely are too February 18, 2020
Apple Inc's surprise warning that it will likely fall short of this quarter's sales target due to the coronavirus epidemic points to much pain for its chip and other suppliers as well as for rivals who also rely on China to build their products.
China races to contain job losses as coronavirus batters economy February 18, 2020
When cameraman Mark Xia returned to his job this month after holidays, the Shanghai video production house where he worked told him to take three months of leave with no pay, as a coronavirus epidemic takes a toll of China's businesses.
Apple warns sales to fall short of target due to coronavirus impact February 18, 2020
Apple Inc warned on Monday it was unlikely to meet its March quarter sales guidance set just three weeks ago as the world's most valuable technology firm became one of the biggest corporate casualties of China's coronavirus epidemic.
Alstom shares fall after its $6.7 billion Bombardier rail deal February 18, 2020
Alstom shares fell on Tuesday after the French firm agreed to buy the rail division of Canada's Bombardier for up to 6.2 billion euros ($6.7 billion), in a deal likely to be scrutinized by regulators and unions.
Amazon's Bezos pledges $10 billion to climate change fight February 18, 2020
Amazon Chief Executive Officer Jeff Bezos will commit $10 billion to fund scientists, activists, nonprofits and other groups fighting to protect the environment and counter the effects of climate change, he said on Monday.
French finance minister warns Renault against job cuts, factory closures February 18, 2020
French Finance Minister Bruno Le Maire warned Renault on Tuesday against shutting factories in France and cutting jobs there after the carmaker announced "no taboos" cost cuts last week.
Hong Kong protests hurt Holiday Inn-owner IHG, sees pain from virus outbreak February 18, 2020
Holiday Inn-owner InterContinental Hotels Group reported on Tuesday a slight dip in annual room revenue, hurt by a fall in bookings in Hong Kong due to protests, and flagged short-term hit from the virus outbreak in China.
Recession risk forces BOJ to row back on inflation goal February 18, 2020
The widening economic fallout from the coronavirus outbreak and soft consumption are forcing the Bank of Japan to message more strongly that it is no longer inclined to chase its elusive 2% inflation target, sources familiar with its thinking say.
BTG Pactual founder Esteves returns to center stage amid speculation on role February 18, 2020
Banco BTG Pactual SA founder Andre Esteves will be the marquee speaker at a wide-ranging event on Tuesday sponsored by the Brazilian investment bank, marking a return to the limelight for one of the country's best-known bankers.
China to grant tariff exemptions on 696 U.S. goods to support purchases February 18, 2020
China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States.
Exclusive: Tesla in talks to use CATL's cobalt-free batteries in China-made cars - sources February 18, 2020
Tesla is in advanced stages of talks to use batteries from CATL that contain no cobalt - one of the most expensive metals in electric vehicle (EV) batteries - in cars made at its China plant, people familiar with the matter said.
SoftBank spends $2.5 billion to get second Vision Fund off the ground: sources February 18, 2020
SoftBank Group Corp has pumped $2.5 billion of its own cash into new investments since October, people familiar with the matter said, hoping to restore its money-making credentials as it courts investors for a successor to its Vision Fund.
European new car sales down 7.4% in January: ACEA February 18, 2020
European car sales fell in January, hit by a sluggish global economy, higher car taxes in some EU countries and uncertainty over Britain's departure from the bloc, the European Auto Industry Association (ACEA) said on Tuesday.
Shades of Detroit? Germany's auto heartlands in peril as 'golden age' fades February 18, 2020
When Kristin and Thomas Schmitt took out a mortgage and bought a house last summer, the German couple's dream looked as if it was coming true. Two months later, they learned that the tire factory where both work would be shut down early next year.