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

UK’s Ed Broking to Be Acquired by BGC Partners

Ed, the London-based reinsurance, wholesale and specialty broker, announced that it would be acquired by a subsidiary of BGC Partners, Inc (BGC), a global brokerage and financial technology company. Financial details of the deal, which is subject to a number …

Shareholders Begin to Derail UK CEOs’ Gravy Train: Opinion

Boardroom pay is a contentious issue in the U.K., which is hardly surprising when top CEOs earn 145 times more on average than their workers. Shareholders have been slow to call time on the gravy train, probably because the stock-market …

Philippine Authorities Move People to Safer Grounds as Typhoon Approaches

Philippine authorities started to move people to safer grounds as Typhoon Yutu approaches, tracking a path similar to last month’s storm that devastated rice-producing provinces in the main island of Luzon. Yutu, which last week became the strongest storm since …

AFL Insurance Brokers Finds Good Strategic, Cultural Fit with U.S. MGA Zodiac

AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner last month when it purchased Zodiac Insurance Services, which specializes in professional, entertainment and event insurance. It wasn’t …

Boeing 737 Max, Operated by Indonesia’s Lion Air, Crashes with 189 on Board

A Boeing Co. 737 Max jet, operated by Indonesia’s Lion Air, crashed in the Java Sea with 189 people on board, making it the model’s first accident and potentially the worst commercial aviation disaster in three years. Flight JT610, an …

North Carolina Emerald Mine Robbed of $100K in Rare Gems

A heist has wiped a North Carolina emerald mine out of an estimated $100,000 in rare precious gems and gold jewelry. An Alexander County Sheriff’s Office release says thieves broke into, vandalized and robbed Emerald Hollow Mine on Oct. 20. …

U.S. Forming Strike Force to Combat Appalachia Opioid Abuse

U.S. Justice Department officials say a new law enforcement strike force is being formed to combat opioid abuse in Appalachia. Assistant Attorney General Brian A. Benczkowski says the Appalachian Regional Prescription Opioid Strike Force will investigate health care fraud schemes …

Damage to Florida Crops from Hurricane Michael to Total $158M

A new study says Florida crops suffered $158 million in damages from Hurricane Michael. The report released Friday by the University of Florida Institute of Food and Agricultural Sciences says that almost all of the state’s cotton crop was wiped …

Small Firms’ Access to Low Cost Health Plans Depends on State

As small business owners shop for 2019 health insurance, some will for the first time have the chance to join forces and buy cheaper insurance – depending on which state they’re in. New rules that began going into effect last …

MGM Resorts Looks to Settle with Las Vegas Shooting Victims

MGM Resorts International wants to negotiate a possible settlement with the victims of the Oct. 1, 2017, shooting at the Harvest Festival in Las Vegas, in which 58 people were killed and hundreds were wounded. The company and a group …