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Arkansas Teachers Fund Agrees to $643M Settlement With Allianz Over Losses

A pension fund for teachers in Arkansas has settled with Allianz and dropped its lawsuit over losses in a multibillion-dollar trading debacle at the German insurer’s funds arm, according to a court document. The Arkansas Teacher Retirement System was the …

Record Floods on Australia’s East Coast Have Cost At Least 14 Lives

Sydney was preparing on Wednesday for dangerous flash flooding as population centers farther north began a massive cleanup operation after record floods that have claimed at least 14 lives along Australia’s east coast in recent days. The torrential rain — …

TikTok Facing Probe by States Over How Platform Markets to Kids

ByteDance Ltd.’s TikTok is being targeted by a group of states seeking to determine whether the social media platform is being improperly marketed to children. The states are investigating how TikTok promotes itself to younger users, including techniques to increase …

UK to Ban Russian Companies From London Aviation Insurance Market

LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s largest commercial and speciality insurance center, the finance ministry said on Thursday. Russian companies in the aviation or space industry …

Bird Flu Found at 6th Indiana Turkey Farm

Avian influenza has been detected in a sixth commercial poultry flock in southern Indiana, state officials said March 1. Laboratory testing of a fourth commercial turkey flock in Dubois County has come back as presumptively positive for the virus, the …

Gag Order, Diversity of Attorneys Discussed at Astroworld Court Hearing

Issues related to media publicity and a gag order as well as a concern over a lack diversity among attorneys representing those killed or injured during last year’s deadly Astroworld music festival were discussed during a court hearing on March …

James River Reserve Charge, ‘Strategic Actions’ Won’t Damage AM Best Rating

AM Best announced March 1 that the rating agency won’t change the A- (Excellent) financial strength ratings for the operating subsidiaries of James River Group Holdings, Ltd., a day after the insurer announced a fourth-quarter loss $66.2 million. The bottom-line …

Cyberattack on Toyota Supplier Shows How Small Firms Can Pose Big Threat

The cyberattack on a Toyota Motor Corp. supplier that brought the automaker’s domestic production to a halt shows how more vulnerable small firms can pose a big threat that Japan needs to do more to address, cybersecurity specialists said. No …

Virginia Governor Vetoes Policing Oversight Bill

Virginia Gov. Glenn Youngkin has issued his first veto, blocking a measure that would have allowed Arlington County’s governing board to hire an independent policing auditor. The Republican governor announced the move Tuesday. “The best way to ensure that any …

District of Columbia Regulator Expands Internships to Gallaudet Students

Gallaudet University and the District of Columbia Department of Insurance, Securities and Banking (DISB) announced that Gallaudet students will have expanded opportunities to gain practical work experience in municipal government and financial services regulation, thanks to DISB’s Financial Services Academy. …

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