Monthly Archives: <span>February 2019</span>

Belgium’s Ageas Acquires 40% Stake in Indian Non-Life Insurer RSGI

Brussels-based insurer Ageas has acquired 40 percent of the share capital of the Indian Non-Life insurance company Royal Sundaram General Insurance Co. Limited (RSGI) for a total cash consideration of €185 million ($160.5 million). The deal, which was first announced …

New Investor Property Insurance Program Webinar to be Held Thursday, February 28

Atlanta, GA, February 25, 2019 — Jared Mathis, executive vice president and head of the Blue River Underwriters’ specialty property group will be presenting an informational webinar on a new investor property insurance program later this week. The webinar will …

Judge Drops Criminal Charges in Kansas Boy’s Water Slide Death

A judge on Feb. 22 dismissed criminal charges against a Kansas water park owner and the designer of a 17-story slide on which a 10-year-old boy was decapitated in 2016. Wyandotte County Judge Robert Burns cited improper evidence in dropping …

How to Get Autonomous Cars to Pull Over for Police

It was still dark on a Friday morning in November when a California Highway Patrol officer started following a Tesla Model S on Route 101 between the San Francisco International Airport and Palo Alto. The gray sedan was going 70 …

Millions in China Penalized Under Communist’s ‘Social Credit’ System

Skipped paying a fine in China? Then forget about buying an airline ticket. Would-be air travelers were blocked from buying tickets 17.5 million times last year for “social credit” offenses including unpaid taxes and fines under a controversial system the …

Bayer Faces Second Trial over Roundup Cancer Risk Claim

Bayer AG is set to face a second U.S. jury over allegations that its popular glyphosate-based weed killer Roundup causes cancer, six months after the company’s share price was rocked by a $289 million verdict in California state court. A …

Anthem, Cigna in Court Battles Over Failed Merger

There’s no dispute that a $48.9 billion merger announced in 2015 between health insurers Anthem Inc. and Cigna Corp. imploded two years later over antitrust concerns. Now, the question is whether one owes the other billions for the deal’s failure. …

Vatican Said to Be Changing Law Shielding Bishops Who Hide Sex Abuse

The legal loopholes that have allowed Catholic bishops to escape sanction when they cover up clergy sex abuse cases may be closing. Two U.S. cardinals have confirmed that the Vatican is working on a “clarification” to a 2016 law that …

GEICO’s Nicely Quietly Retired as CEO; Roberts at Helm

Warren Buffett used his annual letter to heap praise on Tony Nicely, the long-time chief executive officer of Berkshire Hathaway Inc.’s GEICO insurance unit. The letter also offered some perhaps surprising news: Nicely retired as CEO last year. Nicely handed …

Neike Joins Jackson Sumner & Associates in North Carolina

Jackson Sumner & Associates (JSA) has hired Joi Neike as director of Business Development for the North Carolina-based company. Neike has worked in the marketing and communications field throughout the country for more than 20 years, most recently serving as …