Monthly Archives: <span>March 2017</span>

Citigroup to Seek Bancassurance Distribution Partners in APAC Region: Source

Citigroup Inc. will seek bids from global insurers keen to sell general insurance products across the U.S. bank’s Asia-Pacific markets, in a deal that could be worth at least $500 million, a source with knowledge of the matter told Reuters. …

Student Sues New York’s Columbia University, Alleging Indifference to 2 Rapes

A woman who enrolled in Columbia University partly because she wanted to be part of the emotional debate there over on-campus sexual assaults sued the school Tuesday, saying she was raped twice in her dorm room during her freshman year. …

Fitbit vs. Jawbone Trade Secret Theft Trial in California Moving Forward

Fitbit Inc. is headed toward a trial over claims it stole rival Jawbone Inc.’s trade secrets, after failing to persuade a judge to throw the case out. A California state judge on Friday rejected Fitbit’s argument that the lawsuit is …

Gross Settles with Allianz’ PIMCO for $81M, Ending Bitter Legal Dispute

For Bill Gross, the long goodbye is finally over. More than two years after the legendary bond manager was ousted from Pacific Investment Management Co. — the firm he co-founded and built into a $2 trillion asset manager — he …

Lloyd’s Shortlists Brussels or Luxembourg as EU HQ: Sources

Lloyd’s of London, the world’s largest specialty insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, sources say. Lloyd’s has been one of London’s most vocal financial …

Cat 4 Cyclone Debbie Pounds Australia; Insurance Council Declares Catastrophe

A powerful cyclone tore into Australia’s northeastern coast on Tuesday, forcing thousands of people to flee, shuttering coal to gold mines and prompting insurers to declare a catastrophe. Cyclone Debbie made landfall near Airlie Beach, a tourist resort and gateway …

Crackdown on Spring Breakers Leads to Fewer Arrests Along Alabama Coast

Police in Alabama’s two largest beach towns say they’re arrested more than 450 spring breakers so far this year, and that’s a big improvement from last year. Police in both Orange Beach and Gulf Shores are implementing get-tough policies this …

Florida Conditions Ripe For More Wildfires

The smell of smoke is in downtown Orlando. On Sunday, a brush fire caused a part of State Road 528 to be shut down between Orlando and the Space Coast. A fire burned last week near the north-central Florida town …

How Parents’ Perceptions Can Influence Teens Drivers’ Licensure

Preparing teens for safe independent driving could save lives, though historically there has been very little research to guide parents of teens with learner permits. A new study from University of Alabama at Birmingham developmental psychologist Jessica Mirman, Ph.D., offers …

Obamacare Explosion More Like a Slow Burn for Now

U.S. President Donald Trump said on Friday that Obamacare was “exploding” after Republican lawmakers shelved legislation that would have dismantled the healthcare law. That’s not going to happen this month. Probably not even this year. The more than 12 million …