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China Is Trying to ‘Ransack’ Western Companies, FBI Head Warns

FBI Director Christopher Wray warned Western companies that China aims to “ransack” their intellectual property so it can eventually dominate key industries, escalating a dispute between the world’s two largest economies over hacking. The Asian nation’s spies were snooping on …

People Moves: Valley Insurance Agency Alliance Adds Berry, Johnson; Holmes Murphy Makes Promotions, New Hires in Omaha Market

Vally Insurance Agency Alliance Adds Berry, Johnson Valley Insurance Agency Alliance (VIAA), a cohesive family of nearly 150 independent insurance agencies in Missouri and Illinois, recently hired two new team members. Jessica Berry was hired as a data analyst for …

One80 Acquires Ohio-Based SelmanCo

Boston-based specialty insurance broker One80 Intermediaries announced that it acquired Cleveland, Ohio-based SelmanCo, a third-party administrator and broker offering life, supplemental health and related products and services to associations, credit unions, banks, employers and insurance companies. Dowling Hales acted as …

Hub Acquires Wisconsin’s Compass Insurance Services

Hub International Limited acquired the assets of Compass Insurance Services, Inc. (Compass Insurance Services). Terms of the transaction were not disclosed. Headquartered in Kronenwetter, Wisconsin with seven additional locations, Compass Insurance Services is a full-service, independent insurance agency providing commercial …

New York Waits to See If Bill to Expand Wrongful Death Damages Becomes Law

As New York Gov. Kathy Hochul mulls whether to sign legislation that will expand the types of damages that could be won in wrongful deaths cases, businesses including insurers are warning the change could mean higher liability insurance costs in …

U.S. House Panel Asks Gunmakers to Testify Amid Mass Shootings

The U.S. House Oversight Committee has asked the chief executives of three gunmakers to testify on July 20 as part of its investigation into the firearms industry following a wave of high-profile mass shootings, the panel said on Thursday. The …

Washington Town of Conconully Hit by Flash Flooding

A flash flood flowed through the streets of the town of Conconully in Washington’s remote Okanogan County, sending a foot of water and mud into 30 to 40 homes and businesses. County emergency managers said 1.7 inches of rain fell …

Ronaldo Lawyers Seek $626K from Woman’s Lawyer in Las Vegas Case

Cristiano Ronaldo is asking a judge to order a woman’s lawyer to pay more than $626,000 for losing a lawsuit to get the international soccer star to pay millions of dollars after claiming in 2018 that Ronaldo raped the woman …

9-Year-Old Injured in Northern California Train Crash Dies

A 9-year-old boy who was badly injured in a Northern California commuter train crash that killed three other people has died, according to a GoFundMe page set up for his family. Julien Nieves of Dixon died this week of injuries …

People Moves: Heinrich CEO of Tokio Marine Highland; Kiernan, Smalley New Roles at AXA XL Re; QBE Re North America Promotions

AXA XL Reinsurance appoints Peter Kiernan as Head of US Property, Bermuda Reinsurance and Simon Penney, Head of Underwriting Analytics AXA XL Reinsurance has appointed Peter Kiernan as head of US Property, Bermuda Reinsurance, effective July 1. He will be …

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