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Myanmar will allow foreign investors into its insurance sector by around 2015 once local private insurers have had time to establish themselves, a senior government official told Reuters. “We need to give these local companies a chance to gain some …

A federal judge in Minneapolis has sentenced an insurance company’s owner to more than three years in prison for stealing nearly $2 million from two associations his firm served. Judge Joan Ericksen sentenced 44-year-old Dennis Lee Pap, of Lynden, Wash., …