Monthly Archives: <span>March 2018</span>

Fire Chiefs in California Want Money to Prepare for Wildfires

California fire chiefs said that reinforcements were too slow to arrive in last year’s ferocious firestorms and asked lawmakers for $100 million to call in extra firefighters when weather conditions are ripe for a conflagration. The fire chiefs said drought …

Two-Thirds of Commuter Trains May Miss Braking Technology Deadline

As many as two-thirds of the 29 U.S. commuter railroads may not meet a deadline to install an anti-crash technology by the end of the year, according to a report by a government watchdog seen by Reuters. The report by …

Insurer AmTrust Unveils $2.7 Billion Plan to Go Private

As promised last month, the majority shareholders of AmTrust Financial Services Inc. have set forth a $2.7 billion plan to take the insurer private. The deal is being funded by founding family members and shareholders George and Leah Karfunkel along …

Massachusetts Tax Data Breach Twice as Large as Originally Thought

Officials with Massachusetts’ tax collection agency say a data breach that exposed private information from about 39,000 business taxpayers was twice as large as originally thought. The Massachusetts Department of Revenue tells The Boston Globe the information was viewable to …

More Than 10 Sickened by Chemical Release at Pennsylvania Paperback Plant

More than 10 employees of a Pennsylvania paperback manufacturer are recovering in the wake of a chemical release at their plant. The (Wilkes-Barre) Citizens’ Voice reports that Offset Paperback in Dallas Township was evacuated around 7:30 a.m. Tuesday when employees …

Insurance Company Gives Delaware $325K in Grants for Opioid Crisis

An insurance company has given four Delaware organizations $325,000 in grants to combat the state’s opioid crisis. The News Journal of Wilmington reports Highmark Delaware President Tim Constantine announced the grants Monday as “no organization or entity can fight this …

20-Plus Insurers, Banks & Fund Firms Select Luxembourg as Post-Brexit HQs

More than 20 major international institutions chose to set up all or part of their activities in Luxembourg last year, the country’s financial development agency said on Thursday, linking the decisions to Britain’s move to leave the European Union. The …

UAE-Based Cyber Security Firm DarkMatter Doubles Revenue in 2017 to $400M

DarkMatter, a three year-old United Arab Emirates-based cyber security firm, has more than doubled revenue last year to over $400 million. The firm, which earns about 80 percent of its revenue from U.A.E. government contracts, plans to grow from 650 …

Colombia’s Grupo Sura to Invest $150M in Its LatAm Insurance, Pension Interests

Grupo Sura, the Colombian investment holding company, will invest $150 million in 2018, principally in its insurance and pension interests in Latin America, its vice president for finance said. The company plans to reduce its debt over the next two …

Weather, Road Damage Slows Relief Efforts After Papua New Guinea Quake

The death toll from the strongest earthquake to strike Papua New Guinea’s rugged interior in almost a century has climbed to 31 and would probably rise further, officials said on Thursday, as damage to roads, runways and phone lines slowed …