Monthly Archives: <span>February 2018</span>

NTSB Investigating Deadly Dallas House Explosion

Federal investigators arrived in Dallas Sunday to look into a suspected natural gas leak that caused an explosion at a newly renovated house, killing a 12-year-old girl and injuring four other members of her family. Ravi Chhatre, head of a …

Church Mutual Subsidiary OK’d to Do Business in Arkansas

CM Select Insurance Co. of Merrill, Wisconsin, has been approved to do business in Arkansas, the state insurance department reported. CM Select is a subsidiary of Church Mutual Insurance Co. (CMIC), which specializes in insuring churches and religious institutions. CMIC …

Avoiding Post-Brexit Chaos in Insurance Market Is Top Concern of Bank of England

Avoiding chaos in the insurance market due to Britain’s European Union exit is a top Bank of England priority and making sure cross-border contracts continue to pay out after Brexit is a major concern, its deputy governor Sam Woods said. …

Allianz Investment Unit Provides Funding for Fintech Startup C2FO

Financial technology startup C2FO raised $100 million in funding in a new round led by the investing arm of global insurance and asset management giant Allianz SE as well as Abu Dhabi’s Mubadala Investment Co. With Tuesday’s announcement, C2FO has …

University of Alaska Data Breach Hits Staff, Students

Officials say a data breach at the University of Alaska has impacted dozens of current and former employees and students. KTVA-TV reported that a university statement says security officials first started looking into the breach when problems arose with password-protected …

Las Vegas Homeowners Association Ordered to Pay $20M for Faulty Swing Set

A jury says a Las Vegas, Nev. homeowners association must pay a man $20 million after a swing set collapsed on him as a teen and left him with brain damage. A Clark County District Court jury returned the verdict …

Tribes Left out of California Marijuana Pondering Growing Their Own

American Indian tribes that say they have been cut out of California’s legal marijuana market have raised the possibility of going their own way by establishing pot businesses outside the state-regulated system that is less than two months old. The …

Facebook Settles Shareholders’ Claims Over 2012 IPO

Facebook Inc and Chief Executive Mark Zuckerberg have reached a $35 million settlement of class-action litigation accusing them of hiding worries about the social media company’s growth prior to its May 2012 initial public offering. The settlement was filed on …

20 States Sue, Claiming Obamacare Unconstitutional Since Individual Mandate Repeal

A coalition of 20 U.S. states sued the federal government on Monday over Obamacare, claiming the law was no longer constitutional after the repeal last year of its requirement that people have health insurance or pay a fine. Led by …

Broker Lockton Joins Chubb, MetLife in Withdrawing from NRA Insurance Programs

Insurance broker Lockton is ending its participation in an insurance program for members of the National Rifle Association, joining MetLife, United Airlines and other companies that have been canceling their business affiliations with the gun owners’ organization. Lockton has been …