Articles by Christopher Jasper

Air-Taxi Startup Volocopter Boosts Funds in Race to Get Flying

Volocopter GmbH raised 200 million euros ($242 million) in additional capital, the latest move in the increasingly competitive race to be the first electric air-taxi firm to start commercial flights. The so-called Series D funding brings in new investors including …

Insurer Hiscox Counts Cost of Virus Claims, ‘Brand Damage’ After Court Case

British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces “brand damage” from a legal dispute over policy wordings for pandemic-linked claims. Hiscox shares plunged 13% …

Staff at Some Major U.S. Firms to Keep Masks on in Texas Even as State Lifts Mandate

Employees at General Motors, Toyota Motor, Target Corp, and Macy’s Inc in Texas will keep face masks on at work, the companies said on Tuesday, even as the U.S. state lifted most of its coronavirus curbs allowing businesses to reopen …

Goodbye Gas: Volvo to Make Only Electric Vehicles by 2030

Volvo says it will make only electric vehicles by 2030. But if you want one, you’ll have to buy it online. The Swedish automaker said Tuesday that it is phasing out the production of all cars with internal combustion engines …

Kentucky Senate Backs COVID Liability Shield for Businesses

FRANKFORT, Ky. (AP) — Legislation that would provide broad protections to shield Kentucky businesses from coronavirus-related lawsuits won approval from the state Senate after a long debate Monday evening. Senate President Robert Stivers described the measure as a necessary step …

Boy Scouts Submit Reorganization Plan to Bankruptcy Court

DOVER, Del. (AP) — The Boy Scouts of America submitted a bankruptcy reorganization plan Monday that envisions continued operations of its local troops and national adventure camps but leaves many unanswered questions about how it will resolve tens of thousands …

High Winds Leave Tens Out Thousands Without Power

NEW YORK (AP) — More than 130,000 homes and businesses were without power across New England and New York on Tuesday as winds reaching 70 mph or more knocked down power lines across the region. The wind gusted to 71 …

Claims Business: Aon and Praedicat, Sedgwick and CSC, Swiss Re and Iceye

Aon Teams Up With Praedicat for Emerging Risks Aon is collaborating with Praedicat to develop specialty product liability reinsurance products for emerging risks created by new technology, such as nanomaterials and 5G cellular service. Aon, a Chicago based brokerage and …

Claims People: Crawford, Glatfelter, Berkshire Hathaway and Plymouth Rock

Crawford Appoints Loss Adjusting VP Crawford & Co. announced that Robert Pageau is returning to the company with an appointment as vice president, managing director of loss adjusting for the New England region. He reports to Larry Milburn, chief operating …

Boeing Weighs In on Potential Safety Risk With New Airbus Jet

Boeing Co. called out potential fire-safety issues with the fuel-tank design on Airbus SE’s coming 321XLR, a jet that’s crucial to the European planemaker’s future lineup. Airbus has positioned the rear-center fuel tank of the A321XLR under the floor of …