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Survey Finds Cyber Crimes Cost German Businesses $50 Billion

Two thirds of Germany’s manufacturers have been hit by cyber-crime attacks, costing industry in Europe’s largest economy some 43 billion euros ($50 billion), according to a survey published by Germany’s IT sector association on Thursday. Industry association Bitkom surveyed 503 …

AXA’s Duverne Named Chairman of Insurance Development Forum, Replacing Catlin

The Insurance Development Forum (IDF) announced the appointment of Denis Duverne as chair of its Steering Committee, succeeding Stephen Catlin, effective Sept. 11, 2018. The IDF is a public-private partnership, led by a senior insurance industry executive and supported by …

Alera Group Acquires Burnham Benefit Advisors, VantagePoint Benefit Strategies

Alera Group, a Deerfield, Ill.-based employee benefits, property and casualty, risk management and wealth management firm, has acquired Burnham Benefit Advisors and VantagePoint Benefit Strategies. Burnham Benefit Advisors, located in Lake Placid, N.Y., is an employee benefits firm offering compliance …

Nurse Fired Over Back Brace Wins Lawsuit Against Delaware Hospital

A Delaware hospital will have to pay damages to a longtime nurse who wasn’t allowed to go back to work wearing a back brace after surgery. The News Journal reports former neonatal intensive care unit nurse Suzanne Wilgus won nearly …

N.J. Governor Murphy Urges Safety as Hurricane Florence Approaches East Coast

New Jersey Gov. Phil Murphy and emergency officials urged caution Tuesday as Hurricane Florence approaches the East Coast even though the worst effects of the storm are expected to miss the state. Murphy even jokingly channeled former Gov. Chris Christie’s …

Hanover Insurance to Sell Specialty Unit Chaucer to China Re for $950 Million

The Hanover Insurance Group has agreed to sell Chaucer, its Lloyd’s-focused international specialty business, to China Reinsurance Group Corp. for total proceeds of $950 million. The Hanover had indicated in March it was considering selling Chaucer. The insurer said the …

South Carolina Officials Urge Dam Checks Before Hurricane

South Carolina officials are asking dam owners to inspect their dams and lower pond and lake levels if possible to prepare for possible heavy rains from Hurricane Florence. The Department of Health and Environmental Control said Monday that people should …

Rhode Island Woman Charged With Stealing Funds from Auto Dealer

A 45-year-old Rhode Island woman has been charged with forging business checks and stealing as much as $400,000 from a Cranston, R.I., auto dealership where she worked. Federal prosecutors say Michelle Saritelli of South Kingston is charged with bank fraud …

Massachusetts Woman Sues Utility, Town After Child Hurt by Falling Branch

A Massachusetts woman whose 2-year-old child was injured when a tree branch fell on her SUV has filed a lawsuit alleging utility Eversource and the town of Southampton, Mass., knew of dangerous tree limbs yet didn’t cut them down. The …

No Problems Cited in Preliminary NTSB Report for Vermont Plane Crash

A preliminary report from the National Transportation Safety Board finds no apparent reason for a fatal plane crash last month in Brighton, Vermont. The Caledonian Record reports that it’ll likely be months before a cause is determined and put in …