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Fidelis Takes Equity Stake in New MGA Firestone Surety
Fidelis Insurance announced it has taken an equity stake in a new managing general agent (MGA) Firestone Surety Ltd., and will provide underwriting capacity. Details about the amount of Fidelis’ investment and capacity provision were not released. London-based Firestone will …

POSTED DECEMBER 15, 2017 11:50 AM
Austrian Gas Blast Caused by Seal in Newly Installed Filtering Unit: Hub Operator
The massive explosion that shut down natural gas flows for half a day in Austria this week was caused by a loose cap seal on a newly installed filtering unit, according to investigations by the operator of the Baumgarten hub. …

POSTED DECEMBER 15, 2017 11:11 AM
UK Keeps Top Spot in Financial Services, but Brexit Threatens: TheCityUK
Britain kept the top spot in global financial services exports last year, but Brexit threatens to raise barriers to its biggest market in Europe, TheCityUK said on Friday. The body, which promotes Britain as a financial center, said banks, insurers, …

POSTED DECEMBER 15, 2017 10:26 AM
Uber’s Food-Delivery Business to Provide Insurance for Couriers in Europe
Uber’s food-delivery business will begin offering an insurance package to its couriers in Europe, a move to address the conditions of “gig economy” workers. Riders for food-delivery companies such as Uber Eats and Deliveroo are typically self-employed and the firms …

POSTED DECEMBER 15, 2017 10:00 AM
Chubb Appoints Church as Head of International Property
Chubb announced the appointment of Brian Church as executive vice president and head of International Property for Chubb’s Overseas General business, effective Jan. 1, 2018. In this role, Church will have responsibility for all of Chubb’s retail commercial property insurance …

POSTED DECEMBER 15, 2017 9:50 AM
17 Workers Sickened at Tennessee Metal Fabricater Plant
Officials say 17 workers at a Tennessee plant who complained of headaches and nausea are getting medical treatment. McMinn County Mayor John Gentry said the “exposure” incident happened Wednesday morning at the Mills Products plant in Athens. Media cited a …

POSTED DECEMBER 15, 2017 6:34 AM
Nation-State Believed Responsible for ‘Watershed’ Cyber Attack on Industrial Plant
Hackers likely working for a nation-state recently invaded the safety system of a critical infrastructure facility in a watershed attack that halted plant operations, according to cyber investigators and the firm whose software was targeted. FireEye Inc. disclosed the incident …

POSTED DECEMBER 15, 2017 6:00 AM
La Nina Expected to Linger All Winter
Looks like a potentially market-roiling La Nina will last through the new year, threatening to bring a colder, snowier winter to the northern U.S., drought to Latin America’s soybean-growing regions and rain to Australia’s coal mines. The odds of the …

POSTED DECEMBER 15, 2017 6:00 AM
Deadly London Tower Fire Sparks Development in U.S. of Safety Evaluation Tool
Six months after flames engulfed a London high-rise and sparked concerns about similarly-clad buildings around the world, a U.S.-based fire prevention group has developed a tool aimed at making buildings safer. The National Association of State Fire Marshals’ research foundation …

POSTED DECEMBER 15, 2017 6:00 AM
Insurer Settles Federal Suit With Defunct Tennessee Plant Over Unpaid Bills
A settlement has been reached in a federal lawsuit over $750,000 in unpaid utility bills at a shuttered Tennessee glass plant. The Kingsport Times News reports insurer North American Specialty sued Heritage Glass and its officers in Greeneville federal court …

POSTED DECEMBER 15, 2017 5:24 AM

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