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“The Roundup” is Origami Risk’s bi-weekly bulletin of headlines and resources impacting the risk, compliance, safety, P&C insurance, and healthcare industries.

Sept 20 | Prudential to raise up to $2.9bn to help fund push into Asia and Africa

American Global Fortune 500 insurer, Prudential, is planning to raise up to $2.9 billion to pay off debt and invest in Africa and Asia, having completed an overhaul of its operations with the demerger of its US business last month. (Continue reading)

Sept 20 | Global stocks tumble on China property market fears

U.S. markets tumbled in wild trading as investors worried that one of China’s biggest property developers could default on hundreds of billions of debt, a scenario that would have ripple effects across the economy. (Continue reading)

Sept 20 | Nicholas insured losses about $950M: Karen Clark

Insured losses from Hurricane Nicholas will be close to $950 million according to Boston-based catastrophe modeler Karen Clark & Co. (Continue reading)

Sept 20 | Insurer M&A activity surging: Deloitte

Insurance merger and acquisition activity continues to accelerate for most sectors in 2021, with the number of deals increasing 18% year-to-date, according to a report released by Deloitte Consulting LLP. (Continue reading)

Sept 20 | Texas disability benefits to increase 5.1%

The Texas Division of Workers’ Compensation announced it will increase maximum temporary income benefits by 5.1%, effective Oct. 1. (Continue reading)

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Sept 20 | Toyota to again idle plants as parts shortage worsens

Toyota Motor Corp. will temporarily suspend production at 14 of its plants in Japan for several days in October, as the resurgence of COVID-19 cases in Southeast Asia disrupts the supply of components, reducing its planned October global output by 40%. (Continue reading)

Sept 24 | Psych expansion of physical injury claim denied

The West Virginia Supreme Court of Appeals upheld prior rulings denying psychological conditions be added to an injured employee’s workers compensation claim. (Continue reading)

Sept 28 | Staffing Shortages Increasingly Impacting Healthcare Industry

The healthcare industry continues to see wide-spread staffing shortages, especially in nursing homes and assisted living facilities, as the country enters into flu season and fluctuating COVID-19 numbers. (Continue reading)  

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Coronavirus News

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