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

U.S. Working with Mexico, Canada to Block African Swine Fever

The United States, Canada and Mexico are coordinating efforts to prevent the arrival of a highly contagious swine disease that has swept through China’s hog herd and parts of Europe, U.S. Agriculture Secretary Sonny Perdue said on Thursday. The disease, …

China Regulator to Retain Control of Anbang Insurance Group Until Next Year

China’s banking and insurance regulator said on Friday it will extend its control of Anbang Insurance Group Co. Ltd. for one year to Feb. 22, 2020. The regulator will maintain the stable operation of Anbang and protect the interests of …

New Jersey Woman Sentenced to Prison for Stealing $190K from Former Employer

A former site manager for a temporary staffing agency in New Jersey has been sentenced to prison for stealing $190,000 from the agency. Xiomara Jovel, 47, of Roselle, N.J., was sentenced to three years in state prison by Superior Court …

Baltimore Sues Chemical Company Monsanto over PCB Pollution

Baltimore has filed a lawsuit against the agrochemical giant Monsanto and two other companies, accusing them of polluting city waterways and stormwater. The legal effort focuses on PCBs, the industrial chemicals that have long accumulated in animals, plants and people …

Dropped Thermos May Have Been Behind Deadly 2017 New York Bus Crash

A dropped thermos wedged between the brake and accelerator pedals of a charter bus may have been behind a 2017 crash in Flushing, New York, that killed three people, U.S. transportation investigators said Thursday. The motorcoach ran a red light …

Financial, Reputational Costs of Cyber Attacks Can Ruin Small, Medium Firms: Chubb

The average price tag for a business to recover after a cyber attack is $400,000, which can be fatal for small-and-medium-sized enterprises (SMEs), according to a report published by Chubb. This hefty cost of repairing the business and its reputation …

Arch Capital Group Names Englesbe as Chief Risk Officer

Arch Capital Group Ltd. announced that Janice Englesbe will join the company as senior vice president, chief risk officer (CRO) effective Feb. 25, 2019. Englesbe will be based in Arch’s Bermuda office and report to François Morin, the company’s executive …

Scandinavians Stunned over Region’s Growing Money Laundering Allegations

Scandinavians are taking a hard look at their institutions as allegations of systematic money laundering rock the entire region. With Swedbank AB becoming the latest lender to get dragged into a dirty money scandal that’s already engulfed Danske Bank A/S, …

UK Prime Minister to Be Forced to Request 3-Month Brexit Delay: EU Sources

The European Union expects U.K. Prime Minister Theresa May to be forced to request a three-month delay to Brexit, two EU officials said. Discussions between the two sides suggest May will ask for an extension to the two-year negotiating period …

U.S. Wants Regional Response Teams for Oil Train Wrecks

Federal transportation officials are requiring railroads to establish regional response teams along oil train routes following a series of fiery derailments. The new rule is aimed at having crews and equipment ready in the event of an accident. It applies …