Plexus Points: Insurance stories we're checking out
At The Plexus Groupe, we love a good story about insurance.
And as you enjoy your holiday weekend, here are five interesting insurance-related articles worth bookmarking, reading and sharing:
-- Former All-Star Bobby Bonilla hasn't played in a Major League Baseball game since 2001, yet he draws close to $1.2 million from the New York Mets each year on July 1 -- and the payments run through 2035. The reason: an annuity he received as part of a contract buyout in 2000.
-- Cleveland will spend $9.5 million on a $50 million insurance policy designed to protect the city against claims made during the Republican National Convention this July.
-- Uber is again operating in Edmonton after an insurance agreement was reached between the ride-sharing service and the province of Alberta.
-- As of Friday, moped drivers in North Carolina must be carrying liability insurance.
-- Here's a longer-range look at the London reinsurance market after the United Kingdom's vote to leave the European Union.