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Relation Buys Rabon Agency in North Carolina

Relation Insurance Services has acquired North Carolina-based Rabon Insurance Agency, which was previously part of Nationwide’s exclusive distribution model. Terms of the deal were not disclosed. Rabon, headquartered in Monroe, North Carolina, provides personal and commercial lines insurance across the …

Walgreens, Drugmakers Blame Others For San Francisco’s Opioid Crisis

Pharmacy chain Walgreens Boots Alliance WBA.O and other defendants on Tuesday said they were not to blame for the opioid crisis in San Francisco, and that they acted responsibly when providing legal medications to patients in pain. “Almost all of …

People Moves: Miller Taps RKH’s Malin, Marsh’s Gil Ramirez for Renewables Team; Chubb’s Haquette to Lead HDI Global’s France Branch Office

This edition of International People Moves details appointments at the London-based broker Miller and the insurer HDI Global in France. A summary of these new hires follows here. Miller Appoints RKH’s Malin, Marsh’s Gil Ramirez for Renewables Team Miller, the …

Generali’s Shareholders to Decide CEO Donnet’s Fate at Friday’s AGM

Generali’s shareholders will decide the future of the Italian insurer’s CEO Philippe Donnet in a vote on Friday, after a rebel investor locked in a bitter power struggle proposed a rival. Donnet, chief executive of Generali since 2016, has been …

Maine Legislature Adjourns Without Taking Vote on Tribal Sovereignty

In a stinging disappointment for Native American tribes in Maine, the state’s Legislature adjourned Monday evening without taking action on a historic proposal to expand tribal sovereignty rights. There was still the possibility that lawmakers could resuscitate the proposal when …

India Slashes Size of Mega Insurer’s IPO With Issue Opening Next Week

India slashed the size of its biggest initial public offering by about 60%, pressing ahead with the sale even as the war in Ukraine continues to weigh on investor demand. Prime Minister Narendra Modi’s government will sell 221.4 million shares …

Virginia AG to Probe NFL’s Commanders Over Financial Wrongdoing Allegations

Virginia’s attorney general has launched an inquiry into the Washington Commanders following allegations of financial improprieties raised by a congressional committee. Attorney General Jason Miyares, a Republican, disclosed his office’s investigation in a letter to a team lawyer on Monday, …

U.S. Lawmakers Push Insurers to Stop Underwriting Fossil Fuels

A group of Democratic lawmakers, mostly members of the Congressional Progressive Caucus, have asked some of the nation’s biggest insurance companies to stop underwriting new fossil fuel projects that contribute to climate change. New York Representatives Mondaire Jones and Alexandria …

Lions Versus Gazelles: The Evolution of the Web and Its Risks, Opportunities

It’s often said that cyber risks are constantly evolving, so to keep up, cybersecurity technology has to change with it. Lou Steinberg, founder and managing partner of CTM Insights – a cybersecurity research lab and incubator – says on the …

White House Seeks More Power to Counter Use of Drones in U.S.

The Biden administration is calling on Congress to expand authority for federal and local governments to take action to counter the nefarious use in the U.S. of drones, which are becoming a growing security concern and nuisance. The White House …

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