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South Africa Insurer Santam Plans Asia Expansion, Following Success of Parent Sanlam

South Africa-based general insurer Santam Ltd. plans to expand in Asia to diversify its premiums and counter tepid growth at home. The insurer, a subsidiary of financial services group Sanlam Ltd., generates 82% of its premiums in South Africa. “We …

Lithium Startups Bet on High Demand in Battery-Powered Future

As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power everything from electric vehicles to cell phones, demand is projected to accelerate over the next decade. To meet it, a new …

Museum to Sell Painting in Settlement With Heirs of Jewish Family That Fled the Nazis

A Pennsylvania museum has agreed to sell a 16th century portrait that once belonged to a Jewish family that was forced to part with it while fleeing Nazi Germany before World War II. The Allentown Art Museum will auction “Portrait …

Vocational School Owner Arraigned in $1M Workers’ Comp Fraud Case

Los Angeles area vocational school owner, Guillermo Frias, 65, of Paramount, and the school’s accounting manager, Yesid Colon, 54, of Baldwin Park, were arraigned following a California Department of Insurance investigation into allegations they submitted fraudulent claims to receive money …

Screwber and Fake GPS: The $40 Million Dollar Ridesharing Fraud Scheme

Two men have been charged with conducting a six-year scheme in which they allegedly scammed a ridesharing company and customers out of $40 million in fraudulent “surge” fees by selling hacked smartphones and fake GPS applications to hundreds of rideshare …

Unison’s RCM&D Acquires Virginia Benefits Firm MillenGroup

Maryland-based insurance, benefits and risk management firm RCM&D announced the acquisition of MillenGroup, a Richmond, Virginia-based benefits advisory firm. Laura Millen, founder and senior managing partner, and John Millen, co-founder and managing partner, will join RCM&D’s employee benefits leadership team …

LTC Global Acquires Michael L. Fitzgerald Insurance Services in California

LTC Global Inc. acquired Michael L. Fitzgerald Insurance Services Inc. in Walnut Creek, California. Michael Fitzgerald will continue to manage the business, which operates across Northern California. Michael L. Fitzgerald Insurance Services is a Capitas Financial Inc. partner. Fitzgerald Insurance …

People Moves: Cooley Joins Graham Rogers Insurance as Transportation New Business Underwriter

Paula Cooley joined Graham-Rogers Insurance, headquartered in Bartlesville, Oklahoma, as a transportation new business underwriter. Cooley will focus on garage and transportation commercial auto. She has over 40 years of property and casualty experience, most recently serving as senior transportation/garage …

Woman Shot at Chicago White Sox Game Sues Team and Stadium Authority

CHICAGO (AP) — A woman who was shot in the leg during a White Sox game last year is suing the team and the Illinois agency that owns Guaranteed Rate Field. The woman was in the left-field bleachers in Section …

Appeals Court Revives Tesla’s Challenge Against Louisiana Law Banning Direct Sales

NEW ORLEANS (AP) — Tesla’s federal court challenge to a Louisiana law that prohibits automobile manufacturers from selling directly to consumers has been revived by an appeals court. The lawsuit by the electric car company owned by billionaire Elon Musk …

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