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

Utah Family Drops Disability Discrimination Suit Against Boy Scouts

A Utah family who sued the Boy Scouts of America for policies they claimed discriminated against their son with Down syndrome has withdrawn the lawsuit after the organization said it would help the boy earn his Eagle Scout award. The …

Alliant Insurance Services Enters Agreement to Acquire New York’s Crystal & Company

Alliant Insurance Services, a Newport Beach, Calif.-headquartered specialty insurance brokerage firm, has entered into a definitive agreement to acquire New York-based Crystal & Company. Pursuant to the agreement, the transaction is expected to close within the next 30 days, subject …

Troubled Chinese Insurer Anbang Interviews Banks About Asset Divestments: Sources

Anbang Insurance Group Co., the troubled Chinese insurer seized by the government, is interviewing investment banks to advise on potential asset divestments, people with knowledge of the matter said. The once-acquisitive insurer plans to hire an adviser to manage the …

Red Flag Warnings Point to High Fire Danger for Parts of New Mexico

Forecasters with the National Weather Service are warning that parts of New Mexico are in for more windy conditions later this week and that means higher fire danger. They say a deep low pressure system in the Great Basin will …

MetLife Seeks ‘First-Mover’ Tech Advantage by Joining MIT Media Lab

MetLife has launched a multi-year collaboration with the Massachusetts Institute of Technology (MIT) focused on technologies that it believes will transform the insurance industry. MetLife has joined the MIT Media Lab. The Media Lab’s work has led to tech innovations …

California Oil Firms Had Nearly 400 Violations

An environmental group says oil and gas companies drilling off Southern California violated state regulations nearly 400 times in the past three years. Records obtained by The Associated Press that were released Wednesday by the Center for Biological Diversity show …

Police Arrest New Jersey Contractor Accused of Theft

Police have arrested a New Jersey contractor who they allege took nearly a quarter-million dollars from clients but never started the promised work. The Ocean County Prosecutor’s Office says 56-year-old Peter Rinaldi, of Little Egg Harbor, was arrested Friday more …

Three Highway Workers Injured in I-80 Crash in Pennsylvania

Authorities say three highway workers were struck and injured on an eastern Pennsylvania interstate. Officials said the accident happened Tuesday afternoon in a construction zone where they were patching potholes in the westbound lanes of I-80 in Tobyhanna Township. Pennsylvania …

VC Firm Eos Venture Partners Plans to Raise $100M for Insurtech Investment Fund

Eos Venture Partners, the insurance technology-focused venture capital firm, announced plans to raise a $100 million debut fund, EVP I. The fund will be one of the first global, independent insurtech investment funds targeting early and growth stage investments, Eos …

Fire Destroys Multi-Million Dollar Massachusetts Home

A massive fire has destroyed a multi-million dollar waterfront home in Massachusetts owned in part by a famous restaurateur. The Gloucester home that burned late Saturday into Sunday morning was bought for $4.6 million in 2016 and was undergoing renovations, …