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UK, Canada Regulators Sign Agreement to Help Expansion of Fintech Firms
British and Canadian regulators have signed an agreement to make it easier for financial technology companies to expand in each other’s markets, they said on Wednesday. The agreement between the UK’s Financial Conduct Authority and the Ontario Securities Commission is …

POSTED FEBRUARY 27, 2017 8:45 AM
Intesa Abandons Plans to Buy Generali, Citing Lack of Shareholder Value
Italy’s biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country’s largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders. A merger of the two would have created an Italian …

POSTED FEBRUARY 27, 2017 7:28 AM
Republicans’ Replacement for Obamacare Taking Shape
Republican lawmakers expect that their Obamacare replacement will result in fewer Americans covered by health insurance, a fact that’s likely to increase blowback amid growing support for the program. New details of the plan are beginning to emerge, described by …

POSTED FEBRUARY 27, 2017 6:00 AM
Trump Administration Reviewing Obama’s Autonomous Vehicle Guidance
U.S. Transportation Secretary Elaine Chao said on Sunday she is reviewing self-driving vehicle guidance issued by the Obama administration and urged companies to explain the benefits of automated vehicles to a skeptical public. The guidelines, which were issued in September, …

POSTED FEBRUARY 27, 2017 6:00 AM
Staying Alive: Cutting U.S. Highway Death Rate to Zero
In the near future, the U.S. should be able to prevent thousands, and perhaps tens of thousands, of deaths on the roads and highways. The Department of Transportation has proposed a Road to Zero — the elimination of motor-vehicle fatalities …

POSTED FEBRUARY 27, 2017 6:00 AM
12 Children Hospitalized in Kentucky Church Bus Crash
Authorities say 12 children were taken to the hospital after a church bus crashed in southern Kentucky. Laurel County Sheriff John Root says in a statement that the crash happened about 8:30 p.m. Wednesday on a road near London when …

POSTED FEBRUARY 27, 2017 5:24 AM
Paid Claims from Mississippi Tornado Damage Top $31M, And Growing
  Insurers have paid out more than $31.6 million on 2,801 claims from tornadoes that hit Mississippi last month. The Mississippi Insurance Department reported the figures through Feb. 3. Mississippi Insurance Commissioner Mike Chaney said immediately after the storms he …

POSTED FEBRUARY 27, 2017 5:18 AM
Arson Fire Set to Second Florida Mosque in Past 6 Months
An intentionally set fire damaged a prayer hall at a Tampa-area mosque early Friday, investigators said. The arson occurred at the Islamic Society of New Tampa, Hillsborough County Fire Rescue said in a news release. Fire investigators responded at around …

POSTED FEBRUARY 27, 2017 5:16 AM
Jury Awards $5M to Man Injured in 2013 Michigan Food Truck Blast
A jury has awarded $5 million to a man who was injured during a food truck explosion at a northern Michigan festival. The Traverse City Record-Eagle reports Gary Leonard was burned on nearly half his body following the June 8, …

POSTED FEBRUARY 27, 2017 1:20 AM
18 Kansas Counties Hit by Ice Storm in January to Get Federal Aid
Eighteen Kansas counties affected by a severe ice storm in January will receive federal disaster aid. The Kansas Adjutant General’s office announced that President Donald Trump has granted Gov. Sam Brownback’s request for the disaster declaration. The 18 counties were …

POSTED FEBRUARY 27, 2017 1:19 AM
Officials: Drone Interrupted Texas Wildfire Control Efforts
State fire officials say a drone being operated near a wildfire southwest of Fort Worth hampered firefighting efforts by forcing aircraft carrying retardant to be grounded. The Texas A&M Forest Service says two air tankers were grounded on Feb. 23 …

POSTED FEBRUARY 27, 2017 1:17 AM
Houston Company to Pay $9.5M in Penalties for Oil Platform Blast, Safety Violations
An oil industry services company will pay $9.5 million in penalties for Gulf of Mexico safety violations and for pollution from a 2012 offshore platform fire that killed three workers. The penalties against Houston-based Wood Group PSN were announced on …

POSTED FEBRUARY 27, 2017 1:15 AM
Texas Bill Seeks Limits on Hailstorm Lawsuits
A bill has been filed in the Texas Senate that seeks to curb what the authors of the legislation say is a skyrocketing number of lawsuits filed against insurers for bogus or inflated hailstorm claims. Senate Bill 10, filed by …

POSTED FEBRUARY 24, 2017 5:53 PM
Californian Sentenced for Felony Insurance Fraud in Sacramento
The Sacramento County District Attorney’s Office in California reported that Paige Nolasco, who pled no contest to felony insurance fraud, has been sentenced to 90 days in jail and five years’ formal probation, and ordered her to pay $1,781 in …

POSTED FEBRUARY 24, 2017 5:40 PM
Brinson Takes Over as President of Texas Surplus Lines Assoc.
Teri Brinson, executive vice president of M.D. Jensvold & Co., has taken over as president of the Texas Surplus Lines Association (TSLA) for 2017. She brings more than 35 years of experience and leadership in the insurance industry to her …

POSTED FEBRUARY 24, 2017 5:32 PM
Jury: Former Oklahoma Legislator Must Pay Insurer $4.3M in Defamation Case
A Tulsa, Okla., jury has awarded an insurance company and its CEO $4.3 million in a defamation case. The Oklahoman reports former state legislator and former First Trinity director Wayne Pettigrew left First Trinity Financial Corp. in 2013 and issued …

POSTED FEBRUARY 24, 2017 5:02 PM
Ryan Specialty Group to Acquire Trident Marine Managers
RSG Underwriting Managers (RSGUM) announced an agreement to acquire Trident Marine Managers Inc. and related claims adjusting affiliates (Trident), headquartered in Houston. Trident is a specialty marine managing general agency that has served the energy sector for more than 35 …

POSTED FEBRUARY 24, 2017 5:01 PM
GMI Insurance Taps Falls Lake as Primary Carrier for Auto Programs
GMI Insurance, a program administrator specializing in commercial auto exposures, has added Falls Lake Insurance Companies as the new primary carrier for its auto programs. Effective Feb. 1, GMI Insurance programs offers mono-line commercial auto policies through Falls Lake. GMI …

POSTED FEBRUARY 24, 2017 4:37 PM
BKS Partners in Florida Partners With D&M Insurance Solutions
Tampa, Fla.-based insurance brokerage Baldwin Krystyn Sherman Partners (BKS) has partnered with D&M Insurance Solutions, LLC (D&M), a Clearwater, Fla.-based insurance consulting and brokerage firm. The partnership was finalized on Feb. 22, 2017. D&M focuses on serving financial institutions, investors, …

POSTED FEBRUARY 24, 2017 4:31 PM
Florida-Based SUNZ Taps Bryant as EVP, Chief Legal Officer
SUNZ Holdings has appointed Theodore “Ted” G. Bryant, Esq. to the position of executive vice president and chief legal officer of SUNZ Holdings and will report directly to Steven F. Herrig, CEO and chairman of the board. In this newly …

POSTED FEBRUARY 24, 2017 4:22 PM
Proposed Florida Bill Gives Women 10 Years to Sue Doctors Over Abortions
Women who have abortions in Florida would find it easier to sue the doctors who performed the procedure, under a contentious bill now moving through the state House. But it’s unclear if the legislation – which has been opposed by …

POSTED FEBRUARY 24, 2017 4:16 PM
South Carolina Lawmakers File 10 Bills Aimed at Curbing Opioid Abuse
House Republicans filed 10 proposals Wednesday aimed at curbing South Carolina’s rampant prescription painkiller problem and promised more legislation would follow. “We wanted to get the ball rolling. This is just the first step,” said Rep. Eric Bedingfield, R-Belton, one …

POSTED FEBRUARY 24, 2017 4:09 PM
AIG Among ‘Too-Big-to-Fail’ Insurers Trying to Assess Path Forward Under Trump
Insurance giant American International Group sees “considerable uncertainty” about U.S. regulations that deem non-bank financial institutions as being too big to fail, given the recent change in White House administrations, according to a filing. The “appropriateness and federal regulation” of …

POSTED FEBRUARY 24, 2017 3:47 PM
UK P&I Clubs Consider Opening EU Outposts in Preparation for Brexit
U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU’s financial market, industry sources involved say. Britain dominates the global marine insurance market and …

POSTED FEBRUARY 24, 2017 3:10 PM
EU Lawmakers Call for Law Regulating Rise of Robots, Including Self-Driving Cars
European lawmakers on Feb. 16 called for EU-wide legislation to regulate the rise of robots, including an ethical framework for their development and deployment and the establishment of liability for the actions of robots including self-driving cars. But they rejected …

POSTED FEBRUARY 24, 2017 2:57 PM
6 Years After Fukushima Disaster, Robots Continue Search for Radioactive Fuel
The latest robot seeking to find the 600 tons of nuclear fuel and debris that melted down six years ago in Japan’s wrecked Fukushima Dai-Ichi power plant met its end in less than a day. The scorpion-shaped machine, built by …

POSTED FEBRUARY 24, 2017 2:46 PM
Security Breach at New York’s Kennedy Airport Unnerves Some Travelers
A breach that allowed 11 people to walk through an unattended security checkpoint lane at one of the nation’s busiest airports has some travelers scratching their heads about how this could happen even with the enhanced security measures put in …

POSTED FEBRUARY 24, 2017 2:39 PM
Reported Drone Flying Violations Up 46%
Reports of  drone safety violations continued to increase during 2016. There were 1,274 reports from February through September last year, compared with 874 for the same period in 2015 — a 46 percent increase. The Federal Aviation Administration (FAA) released …

POSTED FEBRUARY 24, 2017 2:32 PM
Wrongfully Imprisoned Man Could Get $1.55M from Virginia
A man who spent more than three decades in prison for a crime he didn’t commit could be getting $1.55 million from the state of Virginia. The Richmond Times-Dispatch reports that a bill to provide compensation to 60-year-old Keith Allen …

POSTED FEBRUARY 24, 2017 2:30 PM
What is Lidar and Why Are Autonomous Car Makers Fighting Over It?
Spacecraft use it to measure distance. Farmers use it to work out which fields need fertilizer. Archaeologists use it to map topography. And, crucially for Uber Technologies Inc. and Alphabet Inc.’s Waymo, self-driving cars use lidar to navigate. As carmakers …

POSTED FEBRUARY 24, 2017 2:23 PM

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