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Des Moines Ordered to Pay Nearly $1M to Blacklisted Company
Des Moines, Iowa, has lost a lawsuit and been ordered to pay nearly $1 million in damages to a construction company it blacklisted. A jury made the award last week to Jenco Construction Inc., which is based in Des Moines. …

POSTED MAY 22, 2018 5:58 AM
Kansas Woman Struck by Deputy Settles Lawsuit for $40K
A Kansas woman who was injured when a deputy crashed into her car while rushing to an accident at a motorcycle race course is settling her lawsuit for $40,000. The Wichita Eagle reports that the Sedgwick County commission approved the …

POSTED MAY 22, 2018 5:56 AM
Missouri Employers Mutual Awards $800K in Workplace Safety Grants
Workers’ compensation insurer, Missouri Employers Mutual has awarded the company’s fourth round of safety grants to Missouri businesses this month to help them take the next step toward improving workplace safety. To date, MEM has awarded a total of 86 …

POSTED MAY 22, 2018 5:00 AM
Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s General Data Protection Regulation (GDPR), which takes effect …

POSTED MAY 22, 2018 5:00 AM
Congress Considers Tightening Oversight of Foreign Investments
A lobbying group representing major foreign companies doing business in the United States including Anheuser Busch Inbev and Siemens said on Friday it had dropped its opposition to bills that would tighten oversight of foreign investment. The U.S. Senate and …

POSTED MAY 22, 2018 5:00 AM
Why Insurance Industry Should Embrace, Not Fear, Artificial Intelligence
Artificial intelligence isn’t the cold, job killing disruptor many fear it to be – at least it won’t be for many years to come, says Jeff Somers, president of Insureon. Insureon, a bit of a disruptor itself, is a national …

POSTED MAY 22, 2018 5:00 AM
BP Fears Climate Change Lawsuits in U.S.
After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP Plc is wary of the risk of lawsuits related to climate change. Chief Executive Officer Bob Dudley raised the topic of class-action lawsuits twice during …

POSTED MAY 22, 2018 5:00 AM
Florida Makes 3 Arrests in ‘Operation Rent-to-Burn’ Arson Crime Ring
Three additional people have been arrested for their various roles in an arson-for-profit scheme that took place over 7 years in three Florida counties, according to a statement from Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis. Yamina …

POSTED MAY 22, 2018 4:03 AM
Icahn Sues AmTrust Directors, Claims Privatization Plan Hurts Investors
Billionaire investor Carl Icahn sued the directors of AmTrust Financial Services Inc., Chief Executive Officer Barry Zyskind and the family that controls the insurer to challenge a plan to take the insurer private, arguing it will shortchange investors. Icahn, who …

POSTED MAY 21, 2018 9:10 PM
XL Catlin Adds Nieves to War, Terrorism, Political Violence Team in Atlanta
XL Catlin has promoted Lindsey Nieves to AVP, underwriting manager in its regional US War, Terrorism & Political Violence insurance team for the South and Central zone, which is headquartered in Atlanta. According to Ben Tucker, head of XL Catlin’s …

POSTED MAY 21, 2018 4:54 PM

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