Monthly Archives: <span>December 2016</span>

Bangladesh Police Detail How Insiders May Have Aided Cyber Bank Heist

A top investigator into the electronic theft of $81 million from the Bangladesh central bank is turning his attention to some IT technicians from the bank whom he suspects hooked up its transactions system to the public Internet, giving hackers …

China Unveils Plans to Allow More Foreign Financial Services Investments

China unveiled plans on Friday to allow more foreign investment in banking, insurance, securities and credit-rating firms, as part of a wider opening up of the world’s second-largest economy. The moves could ease some frustration among foreign firms over their …

Investigators Conclude Crushed Kentucky Miner Not Wearing Safety Device

Federal investigators have concluded that a worker crushed to death by a machine at a Kentucky coal mine earlier this year wasn’t wearing an emergency shut-off device, and that his managers had not provided a way to securely attach it. …

Republicans Ready to Repeal Obamacare, Work Out Replacement Later

The first major act of the unified Republican government in 2017 will be a vote in Congress to begin tearing down Obamacare. But the euphoria of finally acting on a long-sought goal will quickly give way to the reality that …

How Agents Feel About Their Compensation from Carriers… and Other Matters

On a first quarter results call W.R. Berkley Corp. President and CEO Robert Berkley cited a growing and alarming level of tension between carriers and distributors, driven by what he called a fight to grow margins in the face of …

Hospital That Treated Florida Toddler Who Swallowed Battery Sued by Family

A Florida family sued a hospital for malpractice on Wednesday, saying their baby suffered severe burns because it took too long to remove a coin-sized battery that she swallowed. Parents Cole Parsons and Courtney Thorne said in a lawsuit that …

Injury Crashes Involving Texting, Driving Decrease in Oklahoma

Oklahoma has seen a significant decrease in injury traffic accidents involving drivers distracted by an electronic device since a law banning texting and driving went into effect last year. Data from the Oklahoma Highway Safety Office show that injury crashes …

Indiana Slow to Address Expired Rules Drafted after Stage Collapse

Emergency rules drafted following the deadly 2011 Indiana State Fair stage collapse expired nearly a year ago and state regulators have not yet drafted a permanent rule intended to prevent such a disaster from happening again. The rules that established …

Report: Operator Error Caused 2015 Wisconsin Train Derailment

Federal investigators said crew fatigue may have contributed to the derailment of a BNSF freight train that spilled more than 20,000 gallons of ethanol last year in western Wisconsin. The engineer and the conductor scored poorly on the Federal Railroad …

Trump vs. California Climate Battle Brewing

California vs. Trump, so to speak, is shaping up to be a heavyweight match. On one side is the world’s sixth (or so) largest economy – home to Disneyland, Hollywood and Big Sur. On the other is the reality show …