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Damp Jersey Shore Town Ponders a Fix for ‘Sunny Day’ Floods

An elite but often-underwater beach town at the Jersey Shore is looking for its own solutions to back bay flooding, deciding it can’t wait for state and federal officials to agree on a fix. Bay Head is studying options to …

Women Sue Yale Over Fentanyl Switch-Up at Fertility Clinic

Seven women who say they suffered excruciating pain after a nurse stole fentanyl for her personal use and replaced it with saline sued Yale University on Wednesday, alleging it of failing to safeguard its supply of the painkilling opioid at …

Kaplansky Insurance Acquires Massachusetts’ Judith M. Flynn Agency

Kaplansky Insurance acquired Judith M. Flynn Insurance Agency Inc., located in Dorchester, Massachusetts. This deal serves as Kaplansky’s fourth acquisition of 2021 and 38th overall and contributes to its growth across New England. Judith M. Flynn Insurance Agency has offered …

Swiss Re and China Tech Giant Baidu Partner to Advance Autonomous Driving Industry

Swiss Re and Chinese tech giant Baidu are teaming up to further develop the autonomous driving industry, announced Swiss Re. The partnership between Swiss Re and Baidu aims to further develop the autonomous driving industry by advancing risk management research …

State Farm and Generali Join Investors in Computer Vision Startup Nexar

State Farm and Generali joined the $53 million financing round for Nexar, an artificial intelligence computer vision startup based in New York. The technology startup provides crowdsourced visual data that is contextualized with AI and is designed to provide insights …

New U.S. Rule Requires Banks to Promptly Report Cyber Incidents

U.S. banking regulators on Thursday finalized a rule that directs banks to report any major cybersecurity incidents to the government within 36 hours of discovery. Separately, the banking industry said it had successfully completed a massive cross-industry cyber security drill …

Australia’s Corporate Regulator Sues MLC Life for Causing Financial Harm of $13M

Australia’s corporate regulator said on Friday it was suing MLC Life Insurance for causing financial harm of A$17.5 million ($12.73 million) to over a quarter million customers by not paying benefits and charging premiums without notice. MLC is a part …

Canada Insurer Definity Surges on Market Debut After $1.6B IPO Backed by Swiss Re

TORONTO – Insurer Definity Financial Corp jumped as much as 36% on its stock market debut on Thursday after raising C$2.1 billion ($1.6 billion) in Canada’s second-largest IPO. Waterloo, Ontario-based Definity priced its IPO at C$22.00 per share, the top …

Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount

LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. Faced with increased demand, major European and U.S. …

Victims of Indianapolis FedEx Shooting Seeking $2.1 Million From City

Three members of the Sikh community affected by a mass shooting at an Indianapolis FedEx facility in April are seeking compensation from the city over claims that local officials failed to pursue a court hearing that could have prevented the …

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