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

Changes Urged Amid Probe of Fatal Pennsylvania Gas Explosion

Federal authorities investigating a gas explosion that leveled a Pennsylvania home last year, killing one utility worker and injuring two other workers, are urging changes to prevent incorrect installation of a gas distribution system component. The National Transportation Safety Board …

Three Injured in Manhattan Construction Site Incident

Authorities say three people were hurt, one critically, at a Manhattan construction site when a mini crane rolled over and fell from the fourth floor to the street below. Officials said it happened Monday morning while workers were installing a …

New Jersey Judge Injured in Fall Files $1M Claim Against City of Camden

A New Jersey judge who was injured in a fall outside a courthouse has filed a $1 million claim against the city of Camden. The Courier-Post reported Camden County Assignment Judge Deborah Silverman Katz says in her claim that she …

Digital Insurance Agency EverQuote’s IPO Begins Today at $18 Per Share

Cambridge, Mass.-based online insurance agency EverQuote Inc. announced the pricing of its initial public offering of 4,687,500 shares of its Class A common stock at a public offering price of $18 per share. The shares are scheduled to begin trading …

States Agree Not to Fine Equifax Over Data Breach

Equifax Inc. on Wednesday avoided fines in a deal with eight states’ banking regulators over a data breach that compromised sensitive data of more than 145 million people, as the credit reporting agency agreed to tighten up security. Equifax’s disclosure …

Apple, Samsung Finally Settle Long-Running Patent Dispute

The biggest patent battle of the modern technology world has finally come to an end after seven years. Apple Inc. and Samsung Electronics Co. told a judge Wednesday they’d resolved the first filed but last remaining of the legal disputes …

Generali Likely to Start Exclusive Talks to Sell German Life Book to Viridium: Source

Italy’s Generali is expected to start exclusive talks shortly over the potential sale of its 40 billion euro ($48 billion) German life insurance portfolio to private equity-backed Viridium, a person close to the matter said. Generali and Viridium declined to …

Milliman Opens Office in Israel

Milliman Inc., the global consulting and actuarial firm, announced it is opening an office in Tel Aviv, which will provide the full gamut of insurance and actuarial consulting services. Benny Gabbay, a leading figure in the Israeli insurance industry, and …

Auto Supplier Bosch Teams with Startup Mojio to Connect Vehicles to Digital Services

German auto supplier Robert Bosch GmbH is teaming with Canadian startup Mojio to get more vehicles connected wirelessly to a wide range of digital services, from insurance companies to emergency responders, the companies said on Wednesday. Bosch said it was …

Malaysia Expected to Give Foreign Insurers More Time to Cut Local Stakes: Sources

Malaysia’s central bank is considering granting extensions to some foreign insurers to give them more time to trim stakes in their local ventures, people with knowledge of the matter said. Foreign insurers are expected to be given additional time to …