March 26, 2019

Tue, 26 Mar 2019 16:59:33 +0000
Berkley FinSecure, a Berkley Company, has launched Capital Shield, an insurance product that covers individuals for embezzlement of their invested assets. The product has been launched with Capital Shield Inc. and Capital Shield Insurance Services and ...
Tue, 26 Mar 2019 16:52:13 +0000
U.S. President Donald Trump is willing to work with congressional Democrats to lower drug prices for Americans and on infrastructure funding, White House adviser Kellyanne Conway said on Tuesday. Conway said the Trump administration considered those tw...
Tue, 26 Mar 2019 16:50:30 +0000
Lloyd’s announced “a robust plan of action to address reports of sexual harassment in the Lloyd’s market and create a safe and inclusive working environment.” The plan includes possible lifetime bans for perpetrators of sexual harassment. This set of a...
Tue, 26 Mar 2019 16:42:24 +0000
Nebraska grain farmer Ryan Ueberrhein was barely breaking even after the U.S.-China trade war pushed prices for his soybean crop to a decade low. Then the nearby Elkhorn River burst its banks as flooding swept across the U.S. farm belt. …
Tue, 26 Mar 2019 16:23:49 +0000
Universal Property & Casualty Insurance Co. (Universal Property), a subsidiary of Universal Insurance Holdings Inc., has entered the market for homeowners insurance in Illinois. The company is now offering homeowners insurance in 18 states. Universal P...
Tue, 26 Mar 2019 16:08:22 +0000
The U.S. Gulf Coast’s most important industrial waterway partially reopened on Monday after it was polluted with cancer-causing benzene and toxic runoff from the region’s worst chemical disaster in more than a decade. A two-mile (3.2-kilometer) stretch...
Tue, 26 Mar 2019 16:04:50 +0000
Arkansas Insurance Commissioner Allen Kerr is warning consumers in his state to be wary of individuals posing as car insurance agents to sell fraudulent policies at car dealerships. In a media release, Kerr said the Criminal Investigation Division at t...
Tue, 26 Mar 2019 16:02:09 +0000
Deerfield Beach, Florida-based workers’ compensation carrier Normandy Insurance Co. is now offering workers’ compensation insurance to small, mid-size and large businesses in Arkansas. The company said it has entered four new states in 2019. In additio...
Tue, 26 Mar 2019 14:52:26 +0000
A Southern California company is voluntarily recalling whole avocados over possible listeria contamination. Henry Avocado, a grower and distributor based near San Diego, said Saturday that the recall covers conventional and organic avocados grown and p...
Tue, 26 Mar 2019 14:51:09 +0000
A Washington city is planning changes to make streets safer for drivers, bicyclists and pedestrians. Bellingham residents can expect to see substantial changes to thoroughfares over the next few months as the city continues work on its long-term effort...
Tue, 26 Mar 2019 14:48:43 +0000
California Gov. Gavin Newsom has moved to bypass environmental regulations to prepare for the next wildfire season, a move he said was necessary to prevent further loss of life even as it frustrated activists in a state viewed as a …
Tue, 26 Mar 2019 13:39:25 +0000
New Jersey’s planned legislative vote on legalizing recreational marijuana was canceled as Senate President Steve Sweeney said it didn’t have enough support to pass. The bid to end the state’s prohibition was supported by Governor Phil Murphy, fellow D...
Tue, 26 Mar 2019 13:18:37 +0000
Lawmakers on Beacon Hill are pushing legislation aimed at improving the safety of drinking water in schools in part by requiring schools and child care centers to test every drinking water outlet each year for elevated lead levels. Legislation on …
Tue, 26 Mar 2019 13:09:58 +0000
The National Transportation Safety Board says a United Express regional jet didn’t slide off a runway in Maine – it missed the runway altogether. A preliminary report indicates the 50-seat Embraer 145 approached to the right of the runway on …
Tue, 26 Mar 2019 09:57:06 +0000
African Bank Holdings Ltd. is joining the rush into digital banking to fail-proof the business and provide an exit for shareholders that resurrected the South African lender from its collapsed former parent. The firm’s unusual owners, which includes th...
Tue, 26 Mar 2019 09:25:51 +0000
Norsk Hydro, one of the world’s largest aluminum producers, said on Monday one of its major divisions was back up to 60 percent of capacity after a cyber attack earlier in March. The cyber attack forced the company to shut …
Tue, 26 Mar 2019 08:33:19 +0000
A cyclone that tore across southern Africa this month may have destroyed more than $1 billion of infrastructure, the United Nations said, as the death toll from the storm climbed to more than 700. After devastating Mozambique’s port city of …
Tue, 26 Mar 2019 08:20:54 +0000
The U.K. Parliament seized control of the Brexit process from Prime Minister Theresa May and will now seek to decide how Britain exits the European Union. In a vote late Monday, the House of Commons split 329 to 302 to …
Tue, 26 Mar 2019 08:06:17 +0000
French activist fund CIAM will ask reinsurance company SCOR’s CEO Denis Kessler to surrender the chairmanship of the company’s board after he thwarted a takeover attempt earlier this year. CIAM, which has just under one percent of SCOR, will ask …
Tue, 26 Mar 2019 06:07:24 +0000
SBJW Insurance in Quincy, Illinois, has joined Valley Insurance Agency Alliance (VIAA), a cohesive family of over 120 independent insurance agencies in Missouri and Illinois. SBJW Insurance was founded in 2019 by owner Sara Bruns, who has more than 15 …
Tue, 26 Mar 2019 06:04:50 +0000
Gov. Kristi Noem has signed legislation that requires “fake meat” products to be correctly labeled, hoping to reduce the impact of lab-cultured products on the local beef market. A product is misbranded if it intentionally labels products in a false, …
Tue, 26 Mar 2019 05:23:38 +0000
A Tennessee woman says Vanderbilt University Medical Center operated on the wrong kidney during her surgery in what federal officials call a “never event.” The Tennessean reports Carla Miller says the error damaged her urinary system and she now needs …
Tue, 26 Mar 2019 05:09:07 +0000
Tennessee Gov. Bill Lee is asking President Donald Trump’s administration to make federal assistance available for government efforts to address recent flooding and storms, citing a $151.3 million impact through local and state emergency responses, and...
Tue, 26 Mar 2019 05:02:54 +0000
A former University of Minnesota employee who admitted to stealing iPads from Target is also accused of the using school funds to purchase 78 computers over 14 months and sell them for personal profit, according to authorities. Hennepin County District …
Tue, 26 Mar 2019 05:00:57 +0000
Bayer AG and Johnson & Johnson have agreed to settle more than 25,000 U.S. lawsuits alleging that their blockbuster blood thinner Xarelto caused unstoppable and in some cases fatal bleeding for a total of $775 million, court documents on Monday …
Tue, 26 Mar 2019 05:00:52 +0000
Federal judges in California are cracking down on warped incentives in class-action lawsuits, exerting tighter oversight of settlements that provide hefty fees for plaintiff lawyers but no meaningful benefit for those harmed by corporate misdeeds. A re...
Tue, 26 Mar 2019 05:00:43 +0000
Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the OxyContin painkiller maker of helping fuel an opioid abuse epidemic, a person familiar with the matter said. It is the first settlement to result …
Tue, 26 Mar 2019 05:00:38 +0000
It sounds like it should have been impossible to miss, but it took more than a year for an industrial equipment company to discover $12,000 worth of doggie day spa charges on an employee’s expense reports. Level upon level of …
Tue, 26 Mar 2019 05:00:33 +0000
The U.S. Supreme Court rejected an appeal from a photographer who said Nike Inc. stole key aspects of his iconic photo of basketball star Michael Jordan and used them to sell billions of dollars in shoes and other merchandise. The …
Tue, 26 Mar 2019 05:00:08 +0000
There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep pace. Meanwhile, the question of how to tran...

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