Monthly Archives: <span>August 2016</span>

Norwegian Insurer Eyes First Sale of Industry’s Riskiest Bonds

Gjensidige Forsikring ASA is on track to become the first insurer to issue a new type of bond that will become the industry’s riskiest debt. The Norwegian company may sell as much as 1 billion kroner ($120 million) of so-called …

New Day Underwriting Managers of New Jersey Hires Giquinto to Real Estate Group

New Day Underwriting Managers LLC, a Hamilton, N.J., based specialty intermediary of environmental and construction related professional liability insurance, has hired Cara Giquinto as a senior account manager in its real estate group. In this role, Giquinto will work with …

New Jersey Catholic School Settles Sexual Abuse Allegations for $1.9M

A Catholic school in New Jersey has settled allegations of child sexual abuse for $1.9 million. The agreement between Bergen Catholic High School in Oradell and 21 former students who said they were sexually abused by staff at the all …

World’s Longest Aircraft, Airlander 10, Crash-Lands After Test Flight in England

The world’s longest aircraft, the Airlander 10 airship, has crash-landed after a test flight in Bedfordshire, central England, its British manufacturer Hybrid Air Vehicles said on Wednesday. The airship, which is bigger than the size of six double-decker buses, sustained …

Rhode Island Fire Marshal Offers $5K Reward for Information on July Arson Fires

East Providence, R.I., police and the Rhode Island State Fire Marshal’s Office are offering a $5,000 reward for information that leads to the conviction of whoever was responsible for two arson fires last month. Det. Lt. Raymond Blinn said both …

New Arizona Pot Dispensary Licenses Draw Hundreds of Applicants

Arizona officials say they received hundreds of applications for roughly 30 new licenses for medical marijuana dispensaries. The Department of Health Services says it has processed 750 applications and that it anticipates awarding 31 dispensary licenses after reviewing those applications …

Las Vegas Scaffolding Collapse Kills Construction Worker

Officials say a Las Vegas construction worker has died after a scaffolding collapse. Las Vegas Fire & Rescue says the scaffolding collapsed at a Tivoli Village construction site on Monday afternoon. One man fell with the scaffolding and was pronounced …

First Driverless ‘Robo-Taxi’ Hits Singapore’s Streets in Limited Public Trial

The first driverless taxi began work on Thursday in a limited public trial on the streets of Singapore. Developer nuTonomy invited a select group of people to download their app and ride for free in its “robo-taxi” in a western …

How Monsanto’s Climate Unit Is Changing Risk Profile of Farmers

It caught my eye when Monsanto Co. subsidiary Climate Corp. announced last week it was creating the “Industry’s First In-Field Sensor Network” and “the first Centralized Platform” digital agricultural technology development. The company said that its new sensor network will …

New Zealand Claims World’s First Pizza Delivery by Drone

New Zealand led the world when it gave women the vote and introduced inflation targeting. Now it’s claiming another world-first: pizza delivery by drone. Domino’s Pizza Enterprises Ltd. has joined forces with U.S.-based self-proclaimed “flying robot” operator Flirtey for the …