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Argo Group Completes Sale of Brazilian Business to Spice Private Equity

Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance products, announced the completion of the sale of Argo Seguros Brasil S.A. to Spice Private Equity Ltd. “The closing of this transaction is another definitive step as Argo evolves …

Fewer Crashes After Utah Sets Nation’s Strictest DUI Law, Study Shows

Traffic deaths decreased in Utah after the state enacted the strictest drunken driving laws in the nation five years ago, new research published by a U.S. government agency shows. The findings, which pertain to fatalities involving and not involving alcohol, …

AXA Consortium in Talks to Buy Stake in Orsted’s UK Offshore Wind Farm

Denmark’s Orsted A/S is in talks with a consortium that includes AXA SA and a Credit Agricole SA unit to sell a stake in a large wind farm off the east coast of England, according to people familiar with the …

Florida House Committee Approves Home Hardening Tax Breaks

Florida’s chief financial officer is applauding lawmakers for approving a home-hardening measure that could affect homeowners insurance rates in years to come. “Since last year, we’ve been pushing hard on the idea of helping homeowners better fortify their homes from …

Insurtech bolttech Buys Singapore-Based Specialist Broker AVA Insurance

bolttech has completed the acquisition of AVA Insurance Brokers and AVA Insurance Agency, a Singapore-based specialist broker and insurance intermediary. The acquisition follows bolttech’s completion of its US$247 million Series A funding round last year. The acquisition of AVA will …

Altman Leaving Pennsylvania Insurance Post to Lead California Health Plan

Pennsylvania Governor Tom Wolf announced that Insurance Commissioner Jessica Altman will resign her position Feb. 25. Altman has accepted a position as chief executive officer of Covered California, that state’s health insurance marketplace. Mike Humphreys, the Pennsylvania insurance department’s chief …

Accounting Firm Cuts Ties With Trump, Says Financial Statements Are Unreliable

The accounting firm that prepared former President Donald Trump’s annual financial statements says the documents, used to secure lucrative loans and burnish Trump’s image as a wealthy businessman, “should no longer be relied upon” after New York’s attorney general said …

Massachusetts City’s Pension Fund Lost $3.5M in Email Scam

An employee of Quincy’s pension fund wrongly sent $3.5 million in a wire transfer in February 2021 in response to a scam email and the funds have not been recovered. The Public Employee Retirement Administration Commission is investigating the Quincy …

District Joins $100M Settlement With Digital Lender BlockFi

The District of Columbia reports that it is part of a $100 million settlement with digital asset lending platform BlockFi Lending. The Department of Insurance, Securities and Banking (DISB) said the settlement is related to the company’s sales of unregistered …

CDC Proposes Changes in Guidance to Doctors on Opioid Prescriptions

The nation’s top public health agency has proposed changing — and in some instances, softening — guidelines for U.S. doctors prescribing oxycodone and other opioid painkillers. The Centers for Disease Control and Prevention’s previous guidance, issued six years ago, helped …

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