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DOXA Insurance Holdings Acquires Ultra Risk Advisors in Washington

DOXA Insurance Holdings LLC has acquired Bellevue, Wash.-based Ultra Risk Advisors. Ultra Risk Advisors will continue operating as Ultra from its home office in Bellevue, WA, with satellite offices in Chicago, Atlanta, Philadelphia, and Vancouver, Wash., and will continue operations …

How Comparing Drug Prices Lowers Costs for Employers and Patients

A University of California at Berkeley study has found that a “reference pricing model” — comparing brand name and generic medications and adjusting co-pays to encourage patients to choose the lowest cost drugs — delivers “significant cost-savings that increase over …

Coronavirus Clouds U.S. Outlook But Economic Impact Should be Modest: S&P

The coronavirus outbreak in China is clouding the global outlook and leading to both business caution and potential overall weakness in U.S. growth, according to S&P Global. However, given its limited exposure, the U.S. economy should experience only modest impact. …

‘Rivers in the Sky’ Causing Billions in Flood Damage in U.S.

Climate change is spurring a new, deep dive into a complex, little-studied weather system blamed for creating billions of dollars in flood damage across the western U.S. Atmospheric rivers are narrow ribbons of concentrated moisture that originate in the Pacific …

Lawmakers Urged to Help U.S. Keep Up with China on Autonomous Vehicles

A U.S. House panel on Tuesday heard from advocates of imposing stricter safeguards for self-driving cars as part of any effort to speed the adoption of the vehicles on U.S. roads. At the same subcommittee hearing, groups representing automakers and …

DARAG Completes 2 Legacy Acquisitions in UK

DARAG Group Ltd., the Malta-based legacy acquirer, announced the completion of the acquisitions of both The Underwriter Insurance Co. Ltd., a UK-based insurer in run-off, and of the previously announced sale and purchase agreement with One Re Ltd., a London-based …

Lawsuit Filed in Federal Court in Delaware Against Shipping Firm for Damaged Jetty

Federal authorities have filed a lawsuit seeking judgment against an Italian shipping line for damage allegedly caused by one of its ships to a jetty along the Chesapeake and Delaware Canal. The lawsuit filed Thursday in federal court in Delaware …

Penn. Company Fined More Than $280K for Exposing Employees to Safety Hazards

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Cleveland Brothers Inc. – doing business as CB HYMAC – for exposing workers to hexavalent chromium fumes and other safety hazards at the company’s shop in Camp …

Harsh Sentence Sought for Rhode Island Woman Who Took $5M from Loved Ones

A Rhode Island woman who cheated relatives, her closest friends and her husband’s firefighting colleagues out of nearly $5 million to fund a lavish lifestyle should face the harshest sentence possible, federal prosecutors said in a sentencing memorandum Thursday. Monique …

Global Commercial Insurance Prices Increase 11% in 4th Quarter 2019: Marsh

Global average commercial insurance prices increased 11% in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh. The fourth quarter rise in prices was the largest year-over-year increase in the Marsh Global …

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