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UK Plans to Trigger Brexit Negotiations in Early March: Government Sources

Prime Minister Theresa May intends to trigger Britain’s withdrawal from the European Union as close as possible to the EU summit taking place on March 9 and March 10, according to two government officials involved in Brexit planning. The latest …

Audit Shows Risk Management Fund for New Mexico City Being Drained by Suits

Legal settlements in law enforcement civil rights cases over the past five years have severely depleted Albuquerque, N.M.’s risk management fund, which pays for uninsured losses. In a letter to city officials, state Auditor Tim Keller wrote that the city …

Hacker Convicted in California of Breaking into More Than 100K Amex Accounts

A federal jury in Sacramento, Calif. has convicted a hacker accused of breaking into more than 100,000 of American Express accounts and handing off funds to Russia. The Sacramento Bee reported that 37-year-old Mihran Melkonyan on Tuesday was found guilty …

Man Admits Role in Scheme to Stage Dozens of Crashes in Connecticut

A Haitian man has admitted in federal court he was involved in a scheme to stage dozens of car crashes in Connecticut and collected up to $30,000 per wreck by submitting bogus insurance claims. Jacques Fleurijeune, also known as “Magic,” …

EPIC Appoints O’Neil as Northeast Region President in New York

EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant headquartered in San Francisco, Calif., has appointed Thomas E. O’Neil as Northeast region president. O’Neil will relocate to New York City from EPIC’s headquarters …

Renaissance Alliance Acquires the Peter M. Bakker Agency of Connecticut

Renaissance Alliance Insurance Services, an independent insurance agency collaboration based in Wellesley, Mass., has announced its acquisition of the Peter M. Bakker Agency Inc. of Avon, Conn. The acquisition is set to create a Connecticut-based hub for Renaissance Alliance, furthering …

Pennsylvania’s Capital BlueCross Names Hubley as a Vice President

Capital BlueCross, a health solutions and insurance company headquartered in Harrisburg, Penn., has announced Susan Hubley as the company’s new vice president of corporate social responsibility. Hubley was most recently the director of community affairs at Highmark Blue Shield in …

Citing Trump’s Order, IRS Stops Enforcing Individual Mandate for Health Insurance

The U.S. Internal Revenue Service will no longer require tax filers to indicate whether they had health coverage or paid a penalty set under Obamacare, dealing a blow to a pillar of the healthcare law, the website Reason.com reported. Republican …

Solvency II Drives Demand for Reinsurance During 1/1 Renewals: Fitch

The January renewals period show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings said. The main beneficiaries are likely to be the financially strongest reinsurers …

Hiscox UK & Ireland Launches Media & Creative Industries Product Suite

Specialist insurer Hiscox said it is addressing new exposures faced by the media and creative industries with the launch of two tailor-made professional indemnity products focused on those working within digital marketing and event organizations. The insurer has also further …

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