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Allianz Worldwide Partners Hires Wuensche as Head of Global Market Mgmt & Innovation

Allianz Worldwide Partners* has appointed Matthias Wuensche as director, Global Market Management and Innovation, where he “will play a leading role in developing new product and service offerings and position Allianz Worldwide Partners as the partner of choice,” the company said …

Airbnb, New York City Settle Rental Law Lawsuit

Airbnb Inc. and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals. Airbnb filed the suit in October …

FinTech Startup, ‘Number26,’ Grows in Europe, Offering Banking, Insurance

Smartphone-only bank Number26 is now offering its services in 17 countries in the euro zone, expanding from a smaller core of European markets it entered a year ago, it said on Tuesday. The Berlin-based company is backed by Li Ka-shing, …

Apple Urges Regulators to Go Easy on Autonomous Vehicle Testing

Apple Inc. is wading in to the debate over regulation of self-driving cars, declaring it is excited about the potential for automated transportation and calling on U.S. regulators not to restrict testing of such vehicles. A five-page letter from Steve …

Court Delays Appeal Over Obamacare’s Insurer Reimbursements Until After Trump Takes Office

A federal appeals court on Monday agreed to put on hold until after U.S. President-elect Donald Trump takes office in January the Obama administration’s appeal of a judge’s ruling favoring a Republican challenge to a key part of the Obamacare …

U.K. Financial Firms Paid $91B in Annual Tax: City of London Report

Financial companies in the U.K. paid 71.4 billion pounds ($91 billion) in tax in the latest fiscal year, 7.4 percent more than a year earlier, driven by an increase in the levy on banks’ balance sheets, a report from the …

Uber Drivers in Taiwan Threatened with Fines of $780,000 in Draft Rules

Investors and companies are getting a preview of how the Taiwan government’s plan to become “Asia’s Silicon Valley” might fare. Uber Technologies Inc., one of Silicon Valley’s most disruptive companies and valued at more than $60 billion, launched services in …

Berkley to Launch High Net Worth Personal Lines Brand ‘Berkley One’

W.R. Berkley Corporation has launched a new high net worth personal lines brand, Berkley One. Set to launch its products in the latter half of 2017, Berkley One will offer specialty personal insurance coverages to sophisticated individuals and families, supported …

Insureon CEO on Growth, Hockey Pucks and the Perils of Complacency

A major online provider of commercial insurance for small businesses in the United States keeps track of its growth milestones with hockey pucks. OK, that might be a bit of a stretch but Chicago-based Insureon definitely has found hockey pucks to …

Recent Rain Does Little to Ease South Carolina Drought

South Carolina’s Upstate region remains in drought conditions despite rain in recent days. A new drought map issued by the state on Thursday finds Oconee, Pickens and Anderson counties still in severe drought conditions. More than a dozen other counties …

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