Two construction workers, one of them a father of five children, fell to their deaths at separate building sites on Thursday. The first death occurred in the morning at a residential high-rise construction site in the financial district. Juan Chohillo fell from the 29th floor of the Manhattan tower to a part near street level, […]
Authorities say a New York woman who was pulled unconscious from rough waters at a New Jersey shore beach this week has died. Asbury Park police say 42-year-old Erin Higgins, of Harriman, and 54-year-old Ronald Renshtie, of Wallkill, New York, were swimming in chest-deep water Wednesday afternoon when they apparently got caught in a rip […]
AFL Insurance Brokers Ltd. (AFL) has created an energy practice headed by London market broking professionals Dominic Quick and Simon Pearce. AFL’s energy practice will serve both AFL’s clients and customers from other independent brokers connected to AFL through the Worldwide Broker Network (WBN), the company said in a statement. Quick and Pearce boast nearly […]
A government sale of Japan Post Holdings Co. stock raised $11 billion in the world’s second-biggest share sale this year, with the postal and financial giant’s attractive dividend yield helping drum up sufficient, albeit subdued, demand. The stock priced at a 2 percent discount to its Monday closing price, compared with an indicative range of […]
The Bank of England said an agreement is needed as part of the Brexit process to protect the “long-term validity” of 20 trillion pounds ($27.1 trillion) of existing derivative contracts. The BOE’s Financial Policy Committee said on Monday that after the U.K.’s withdrawal from the European Union, it will be “complex and difficult” for financial […]
Senators sponsoring a last-ditch Obamacare repeal bill raced to save it from near-certain death Sunday, circulating a new version aimed at winning over several GOP holdouts. Some of the changes, which come as Republicans face a Sept. 30 deadline to pass the measure, were designed to appeal to moderate holdouts like Lisa Murkowski of Alaska, […]
A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on a handful of large financial institutions it deems “systemically important.” The Financial Stability Oversight Council convened Friday to potentially remove the label of “systemically important financial institution (SIFI),” which carries with it heightened oversight and […]
Equifax Inc. could get away with paying a mere $1 per person after failing to protect almost half of America’s credit data. While the 118-year-old credit-reporting firm has been hit with more than 100 consumer lawsuits over its massive security breach, legal experts say there’s room for a deal because neither side has a slam-dunk […]
Before Obamacare, state governments were the chief regulators of health insurance. Obamacare put the federal government in that role. The latest Republican health-care bill, sponsored by Senators Lindsey Graham, Bill Cassidy and others, would partially reverse that shift in authority. It would also give states the ability to allocate a lot of federal health-care dollars […]
DUAL Commercial has hired John Mahar as a senior underwriter within its Construction Division. Mahar will be located in DUAL’s new office in Charlotte, NC. Mahar has more than 18 years of experience in the insurance industry with the majority of that experience underwriting casualty products on both an admitted and non-admitted basis. He began […]