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First MainStreet Enters South Dakota

First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., announced its expansion into the state of South Dakota as the firm partners with Revo Insurance Alliance. Revo Insurance Alliance is an insurance agency located in Aberdeen, South Dakota, …

OSHA: Amazon Failed to Record Some Warehouse Injuries

Amazon failed to properly record work-related injuries at warehouses located in five states, a federal agency said Friday while announcing it issued more than a dozen citations during the course of its ongoing investigation of the company. The Occupational Safety …

Insurers May Refuse to Cover Planes, Ships Exposed to Ukraine Conflict: Sources

Insurers may refuse to cover planes flying to Ukraine or ships sailing through the Black Sea as reinsurers – who insure the insurers – propose excluding the region from policies from next month, four industry sources said. Reinsurers typically renew …

UK MGA Pen Underwriting Launches Claims Hub Dedicated to Property, Liability

Pen Underwriting has launched a new regional claims hub in Chelmsford dedicated to managing commercial property and liability claims, which will complement its existing team of specialists in Manchester, England. As part of its investment in the southern hub, Pen …

German Authorities Recover Significant Part of Haul From 2019 Jewelry Heist

German authorities said Saturday that they have recovered a significant part of the 18th-century treasures stolen from Dresden’s Green Vault museum in a spectacular break-in more than three years ago. Prosecutors and police said in a statement that they secured …

Maryland High Court Joins Others in Backing Insurer in Covid-19 Claims Denial

The Maryland Supreme Court has backed an insurer in rejecting a luxury brand company’s claim that its all-risk commercial property insurance policy should cover its Covid-19 business losses. The ruling is in accord with Covid-19 rulings by high courts in …

“Fortnite” Maker Epic Games to Settle Alleged Privacy Violation for $520M

“Fortnite” creator Epic Games will pay $520 million to settle allegations that it illegally collected children’s personal information and tricked people into making purchases, the Federal Trade Commission and the company said on Monday. It will pay a record penalty …

Arthur J. Gallagher & Co. Acquires NEK Insurance in California

Arthur J. Gallagher & Co. acquired El Cerrito, California-based NEK Insurance Inc. Kevin Bruns, Jennifer Sylvestri, Kyle Peterson and their associates will be part of Gallagher’s San Francisco branch under the direction of Jim Buckley, head of Gallagher’s Northwest region …

Judge Halting Provision Making California Gun Lawsuits Costlier

A federal judge said he will block a provision in a new California law to take effect next year that gun advocates argued was designed to hinder anyone from challenging the state’s famously restrictive gun laws. U.S. District Judge Roger …

Binance’s Books Are Black Box, Filings Show, as Crypto Giant Tries to Rally Confidence: Reuters

The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token. The exchange said it dealt with net outflows of around $6 …

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