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UK’s PI Insurance Sector Expected to Grow by Almost 6% Annually: Report

The professional indemnity and directors & officers insurance sector has grown constantly since 2012 and is expected to continue the upward trend until at least 2019, according to the findings of a new report by London-based business intelligence company, Timetric. …

Florida Prepares for Possible Hurricane Erika on Monday

Florida advised residents and tourists to check disaster kits and escape plans as chances rise the state will face its first hurricane strike in 10 years. Tropical Storm Erika, which has triggered storm watches and warnings throughout the Caribbean Leeward …

Unmanned Work Zone Trucks Promise Road Safety, Savings

Roving construction crews — the kind you see blacktopping a road, painting lines, inspecting a bridge or installing a traffic signal — are often protected from oncoming traffic by a specialized truck outfitted with a crash barrier. The crash trucks, …

Business Lobbies Seek Probe of Medical Funding Industry

Two business lobbying groups this week called on the Consumer Financial Protection Board to investigate the medical funding industry after a Reuters investigation revealed that private investors are funding operations for women who have sued makers of surgical implants. The …

10 Automakers Sued Over Claims of Deadly Fumes from Keyless Ignitions

Ten of the world’s biggest automakers were sued on Wednesday by consumers who claim they concealed the risks of carbon monoxide poisoning in more than 5 million vehicles equipped with keyless ignitions, leading to 13 deaths. According to the complaint …

Target Avoids SEC Penalties Over 2013 Breach

The U.S. Securities and Exchange Commission won’t pursue an enforcement action against Target Corp. after hackers stole data on 40 million credit and debit cards during the 2013 holiday shopping season, according to a regulatory filing. The agency finished its …

Generali Signs Global Deal to Target High-Growth Markets via Smartphones

The Generali Group has signed a global deal with Obi Worldphones™, aiming to target, via smartphones, 20 high-growth markets with a prospective customer base of more than 10 million people. “This breakthrough deal with Obi Worldphones will allow Generali to …

China Detains Senior Officials, Port Executives After Deadly Explosions in Tianjin

China’s top prosecutor is holding 10 officials and port executives as well as a senior Transport Ministry official under criminal detention for alleged neglect of duty and abuse of power in the Tianjin warehouse explosions that killed at least 139 people, the …

UK’s Towergate Reports H1 Before Tax Loss of $88.8M, vs. $23M Profit in H1 2014

Towergate Insurance, the UK insurance intermediary, reported a before tax loss of £58 million ($88.8 million) during the first half, compared with a £15 million ($23 million) before tax profit in the same period of 2014. The company reported income …

North Carolina Looks at Regulating Zip Lines

As 12-year-old Bonnie Sanders Burney soared over a 40-foot ravine at her sleep-away camp in the Blue Ridge Mountains, the tether attaching her to a dual zip line snapped – plunging her to her death. Her tether had been mistakenly …

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