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Newspaper Says Chemicals Found in Drinking Water Near South Carolina Air Base

A newspaper says it found high levels of a toxic chemical in the drinking water near one of South Carolina’s largest military bases. The Post and Courier paid University of Rhode Island researchers to examine tap water at the Crescent …

Liberty Mutual Surety Launches Product Line for Small, Mid-Size Contractors

Liberty Mutual Surety has launched a new product line dedicated to contract transactional and small- to mid-sized surety business. Liberty Mutual Surety Plus is available through independent agents and serves contractors that need standard bond programs up to $25 million, …

Alaska School District Weighing Cost of Earthquake Relief

Negotiations between the Anchorage School District in Alaska and the federal government over earthquake damage relief could result in the district turning down millions in funds, an official said. The negotiations over money to repair damage caused by the state’s …

California Refinery Hit With $125K in Safety Violations

Federal officials have fined a Southern California refinery $125,000 for chemical safety and risk-management violations, according to a newspaper report. The violations stem from a 2016 investigation into Torrance Refinery, which found equipment designed to help contain an accidental release …

Chinese Regulator Gears Up for Opening of Financial Sector – and Foreign Competition

Chinese financial institutions are completely capable of coping with foreign competition as the $40 trillion financial sector is freed up, the central bank said on Thursday, after China and the United States signed a initial deal on trade. The bank …

UK Insurtech Startup battleface Receives Investment from Fintech Ventures Fund

Insurtech startup battleface Inc., a UK firm that provides travel insurance products for unconventional travelers worldwide, announced it has successfully closed its seed financing round with backing from leading strategic and venture capital investors. Atlanta, Ga.-based Fintech Ventures Fund has …

U.K. P&C Insurers Face Strong Competition, Claims Inflation: AM Best Report

Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best. Companies have had to contend with changes in the discount rate — …

Lawmaker Says Maine Cannabis Needs Bank, Insurance Access

A Maine legislator is calling on the state’s legislative body to push the U.S. Congress to make banking and insurance accessible to legalized cannabis businesses. Republican Rep. John Andrews of Paris, Maine, said he intends to introduce a resolution to …

Saxe Doernberger & Vita Names Guertin Managing Partner of Northeast Office

Saxe Doernberger & Vita, P.C. (SDV) has named Theresa A. Guertin as managing partner of SDV’s Northeast office, effective January 1, 2020. Guertin has an active litigation practice, and she is co-chair of the firm’s Risk Transfer group. She represents …

Ames & Gough Elects Knise as Chair, Announces Senior Leadership Appointments

Ames & Gough, an insurance broker and risk management consultant specializing in serving design professionals, law firms, associations/nonprofits and other professional service organizations, has appointed Matt Gough as president and Brett Gough as chief operating officer. Along with CEO Dan …