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Update: Australia’s QBE More Than Doubles First-Half Profit, but Misses Estimates

Australia’s QBE Insurance Group on Friday reported a more than twofold jump in its first-half profit, boosted by higher income from premiums, but missed analysts’ view, sending its shares to over a six months low. The company’s gross written premiums …

Hong Kong’s Insurance Boom Lures Job-Seeking Mainlanders

Hong Kong is seeing an influx of professionals from mainland China’s finance and tech sectors who are disillusioned with their career and salary prospects across the border. Many are trying to make a living and stay in the city by …

More People Moving In Than Out of Counties With High Catastrophe Risk

Despite the dangers and expense associated with living in high-risk areas, large numbers of people are still moving to parts of America most impacted by wildfires, flooding and extreme heat. According to a new report from real estate company Redfin, …

SE People Moves: Bisig to Alliant, Former Lawmaker Bell to TDCI Fire Post

Alliant Insurance Services, a distributor of insurance products around the U.S., has named Sean Bisig vice president and producer in its employee benefits group. He will continue to be based in Charlotte, North Carolina. Bisig spent 18 years with UnitedHealth …

IMA Financial Spreads Into Florida Market with Wallace Welch & Willingham

IMA Financial Group, a large brokerage specializing in wealth management and risk advice, is moving into the Florida commercial property insurance market with the merger of Wallace Welch & Willingham Inc. WW&W, based in the St. Petersburg area, is considered …

Construction Firm to Pay $50K to Settle Retaliation Claim

Pro Pallet, LLC, a Pennsylvania-based construction company, will pay $50,000 and furnish other relief to settle a retaliation lawsuit filed by the Equal Employment Opportunity Commission (EEOC). According to the EEOC’s lawsuit, a human resources manager received a complaint of …

Judge Allows Vermont Suit Alleging Police Bias, Excessive Force Against Black Teen

A Vermont judge has denied the city of Burlington’s request to dismiss a lawsuit alleging that police used excessive force and discriminated against a Black teenager whose mother had called law enforcement to teach him a lesson about stealing. When …

People Moves: Davis Joins Alliant Insurance Services Team as SVP in Oregon

Alliant Insurance Services named Travis Davis a senior vice president within its Alliant Americas division. Davis is based in Bend, Oregon. Davis has a decade of experience in the insurance industry, supplemented by tenure as an engineer and project manager. …

Third Trial Over Zantac Cancer Claims Ends With Hung Jury

The third trial over claims that discontinued heartburn drug Zantac ended in a mistrial on Wednesday when jurors could not agree about whether pharmaceutical company Boehringer Ingelheim was responsible for an Illinois man’s cancer. Martin Gross alleged in his lawsuit …

EPA Issues Rare Emergency Ban on Pesticide That Damages Fetuses

For the first time in roughly 40 years, the Environmental Protection Agency used its emergency authority to halt the sale of a weed-killing pesticide that harms the development of unborn babies. Officials took the rare step because the pesticide DCPA, …

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