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Munich Re Not Looking But Would Welcome Investor: CEO Wenning
Munich Re would welcome a long-term investor taking a significant stake in the company as the world’s largest reinsurer eyes a return to profit growth this year, its CEO told Reuters. Joachim Wenning’s comments come as Japan’s SoftBank is in …

POSTED APRIL 23, 2018 3:00 PM
Massachusetts Rail System Addressing Engineers With Bad Driving Records
Massachusetts Governor Charlie Baker is taking steps ensure that commuter rail engineers with poor personal driving records aren’t putting passengers’ safety at risk. The Boston Globe reports the Republican governor notified the Federal Railroad Administration this week that commuter rail …

POSTED APRIL 23, 2018 1:20 PM
Connecticut Pizza Shop Owner Pleads Guilty to Fraud Stemming From Fire
The owner of a Connecticut pizza parlor has pleaded guilty to a fraud charge for setting fire to his own business and then collecting insurance money. Federal prosecutors say 32-year-old Mustafa Zabana, an Iraqi national living in Westfield, Massachusetts, pleaded …

POSTED APRIL 23, 2018 1:12 PM
Three Men Sentenced in Delaware Murder-For-Hire Scheme
Three men found guilty in a murder-for-hire scheme in Delaware have been sentenced. News outlets report 46-year-old Ryan Shover, 53-year-old Michael Kman and 55-year-old Paul Disabatino are the last of four men sentenced in the plot in which 43-year-old Wayne …

POSTED APRIL 23, 2018 1:07 PM
N.J. High Court Rules That Phantom Vehicles Can Be Allocated Fault
The case of Mark R. Krzykalski v. David T. Tindall involves an auto accident where both the plaintiff and the defendant were in the left lane turning left through an intersection. An unidentified driver turned unexpectedly from the right lane, …

POSTED APRIL 23, 2018 12:57 PM
MGAA Launches Chrysalis Initiative for Next Generation of Insurance Professionals
The UK-based Managing General Agents’ Association (MGAA) hopes its launch of Chrysalis, a dedicated community for MGAs to share innovation and expertise, will represent the interests of the next generation of industry professionals. The group sees Chrysalis encouraging change through …

POSTED APRIL 23, 2018 12:12 PM
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented their ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management at the first annual Demo Day sponsored by Hartford InsurTech Hub last …

POSTED APRIL 23, 2018 6:00 AM
U.S., Europe Order Emergency Checks on 700 Engines Like One in Southwest Accident
U.S. and European airline regulators on Friday ordered emergency inspections within 20 days of nearly 700 aircraft engines similar to the one involved in a fatal Southwest Airlines engine blowout last week, citing risks of a similar mishap. The directives …

POSTED APRIL 23, 2018 1:44 AM
Australia Looks to Heavy Fines to Punish Financial Services Wrongdoing
Australia’s competition watchdog on Monday supported massive increases in financial penalties for companies caught doing the wrong thing, after widespread misconduct was exposed by an ongoing inquiry into the financial sector. Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims …

POSTED APRIL 23, 2018 1:00 AM
Facebook to Restrict Number of Users Protected Under EU’s New Privacy Law: Reuters
If a new European law restricting what companies can do with people’s online data went into effect tomorrow, almost 1.9 billion Facebook Inc. users around the world would be protected by it. The online social network is making changes that …

POSTED APRIL 23, 2018 1:00 AM

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