Yearly Archives: <span>2017</span>

Small Quake Confirmed in Central Alaska

A magnitude 3.3 earthquake has hit central Alaska, the Alaska Earthquake Center confirmed. The center reported that the earthquake struck at 3:28 a.m. Sunday and its epicenter was 30 miles southwest of Manley Hot Springs, which has fewer than 100 …

California Opens Online System to License New Marijuana Businesses

California has began accepting applications from businesses that want to operate in the state’s legal marijuana industry next year, a milestone for the emerging market. After months in development, an online system launched and will allow retailers, distributors and testing …

California Commissioner Wants Halt to Moratoriums in Wildfire Areas

California Insurance Commissioner Dave Jones has issued a formal notice to insurers directing them to cease any and all moratoriums on auto insurance and reminding them that California law prohibits the practice. Jones issued the notice in response to insurers …

Insurtech Firm Quantemplate Names Lundgren as CEO; Gets £2.5M in New Capital

Quantemplate, a London-based insurtech firm that specializes in machine learning data transformation and analytics, announced that David Lundgren has been appointed CEO and board director. The company has also received £2.5 million (US$3.3 million) of new capital to accelerate its …

Connecticut’s The Hartford Promotes Bush to Oversee Personal Lines

The Hartford has announced that Stephanie Bush, who has led Small Commercial since July 2014, will expand her responsibilities to include oversight for Personal Lines. She replaces Ray Sprague, who is retiring after a 30-year career with The Hartford. Sprague …

Schumer Seeks Help for N.Y. Craft Beer Industry with Crop Insurance Program

U.S. Sen. Charles Schumer wrapped up another tour of New York’s 62 counties Friday with a call for greater federal help for the state’s craft beer industry. During a stop at a brewery in the Columbia County community of Chatham, …

New Jersey Advances Bill That Would Bar Drunken Drone Flying

State lawmakers on Thursday passed legislation that would bar people from operating drones while drunk. The National Conference on State Legislatures says at least 38 states are considering drone legislation this year, going beyond the Federal Aviation Administration’s regulations. The …

Russian-Speaking Hackers Steal $10M from U.S., Russia Banks: Cyber Security Firm

A previously unknown ring of Russian-speaking hackers has stolen as much as $10 million from U.S. and Russian banks in the last 18 months, according to a Moscow-based cyber-security firm that runs the largest computer forensics laboratory in eastern Europe. …

China’s Tallest Building Attracts Industry Tenants Including Lloyd’s & Allianz

After more than two years of red tape that kept tenants from moving in, China’s tallest skyscraper, the Shanghai Tower, has been quietly opening and filling office space. More than 60 companies now occupy office space on its 128 floors …

Zurich’s Acquisition of ANZ Life Unit Designed to Boost Dividends

Zurich Insurance Group AG’s decision to acquire the life-insurance businesses of Australia & New Zealand Banking Group Ltd. should help Switzerland’s biggest insurer fulfill its ambition to increase its dividend. Already famous as a dividend stock, Zurich signaled last month …