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Insurers Targeted in Proposed N.Y. Corporate Whistleblower Protection Law

Employees who report illegal activity in insurance, banking and financial services would be protected and compensated for their trouble under new legislation proposed by New York State Attorney General Eric Schneiderman. The new bill comes as the issue is getting …

Climate Change Modeling on Cusp of Paradigm Shift

In the face of growing interest in climate change impacts, several big catastrophe modelers said they’ve heard from more clients interested in receiving climate-related data and they believe the field is on the cusp of a change in the way …

N.Y.’s Lawsky: Cybersecurity Likely Most Important Issue DFS Will Face in 2015

Cybersecurity is likely the most important issue that the New York Department of Financial Services (DFS) will face in 2015, and perhaps for many years to come after that, New York Financial Services Superintendent Benjamin Lawsky said in a speech …

XL Expects Increased Oversight From Global Regulators After Catlin Deal

XL Group plc, the insurer that agreed to buy Catlin Group Ltd. for about $4 billion, said it faces a risk label after the deal that could lead to increased oversight from global regulators. “Following the completion of the proposed acquisition …

New York to Be Reimbursed $32M for Ebola Readiness, Treatment

U.S. Senator Charles Schumer (D-N.Y.) says the federal government is allocating $32 million to the state of New York to cover all expenses related to Ebola readiness and treatment. Schumer says that money from the federal Department of Health and …

Derailed Train in West Virginia Had Safer Tank Cars

The fiery derailment of a train carrying crude oil in West Virginia earlier this month is one of three in the past year involving tank cars that already meet a higher safety standard than what federal law requires – leading …

This Winter Season Is 1 of Snowiest on Record for Boston

With 1.9 inches of snow overnight on Tuesday, Boston has now received more than 100 inches of snow this winter. The National Weather Service reported Wednesday that the snowfall as recorded at Logan International Airport is now 101.8 inches for …

Increase in Kentucky Fracking Prompts Lawmakers to Update Rules

As Kentucky mines less coal and produces more natural gas, state lawmakers want to update the environmental protection rules that drilling companies are required to follow. But some landowners worry the state’s rush to welcome the practice of hydraulic fracturing, …

Florida Republicans Propose Medical Marijuana Bills to Appease Voters

Republicans lawmakers in Florida who once opposed medical pot are now embracing it, motivated by the strong show of support from voters and worried that another constitutional amendment during next year’s presidential race could drive opponents to the polls. Last …

Former Northern N.J. Mayor Pleads Guilty to Insurance Fraud Charge

A former northern New Jersey mayor has admitted making false statements to police and an insurance company in a bid to cover up a hit-and-run accident. Former Roselle Mayor Garrett Smith pleaded guilty Tuesday to insurance fraud, one day before …

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