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Top 5 Trends in Changing Personal Umbrella Market That Agents Need to Know

The personal umbrella market had been steady for many years, with lots of choices available in the market when it came to finding the right coverage for customers. However, recent changes are turning the market upside down and creating additional …

Apple, Broadcom Must Fork over $1.1B to Caltech in Patent Lawsuit

A federal jury has decided that Apple Inc. and Broadcom Inc. must pay $1.1 billion to the California Institute of Technology for infringing on patents. Apple was on the hook for nearly $838 million of the damages awarded in a …

Construction Decline in Alaska Predicted Without Quake Projects

An Alaska industry group predicted a decrease in 2020 construction spending due to a lower number of earthquake repair projects. The Associated General Contractors of Alaska forecast a decline in construction spending this year of $500 million, or about 6.9%, …

Waymo: Self-Driving Vehicle That Crashed in Arizona in Manual Mode, Wamo says

A Waymo self-driving minivan operating in manual mode was involved in a rear-end collision in a Phoenix suburb caused by a sedan’s reckless driving, the company said Friday. The collision occurred late Thursday night in Tempe when the sedan “erratically …

Judge Quashes Peloton’s Countersuit in Music Copyright Case

Peloton Interactive Inc.’s attempt to fire back at music publishers who sued the exercise bike maker for copyright infringement was quashed by a federal judge. U.S. District Judge Denise Cote on Wednesday dismissed Peloton’s countersuit, which alleged that a trade …

Selective Insurance Launches Agency Management Collegiate Competition

Teams of students from seven universities throughout the U.S. today begin a month-long collegiate competition in which they will run virtual insurance agencies in a computer-simulated environment. The competition, called Selective Agency Management Collegiate Competition, is being sponsored and managed …

Online Insurance Broker Policygenius Raises $100M From AXA, Others

Online insurance marketplace Policygenius raised $100 million in new financing. The company plans to use the money for hiring, to grow and to broaden the consumer financial protection products it will unveil in 2020. “With the support of our investors, …

Deadline to File Claim in Massachusetts Natural Gas Disaster Approaching

Officials are reminding Merrimack Valley residents that Friday is the deadline to file a claim in the $143 million class action settlement stemming from 2018’s natural gas explosions and fires. Lawyers encourage anyone impacted to file a claim, even if …

Distinguished Programs Promotes Somers to Regional Sales Executive

Distinguished Programs, a national insurance program manager, has promoted Greg Somers to regional sales executive. He is based out of Philadelphia, Penn. Somers brings more than 20 years of leadership and five years of business development experience to his new …

FBinsure Acquires Massachusetts’ Nimiroski Insurance Agency

FBinsure has acquired the Nimiroski Insurance Agency, an independent agency located in Attleboro, Mass. Established in 1963, Nimiroski Insurance has been an active member of the Attleboro community for more than 50 years, providing personal and business insurance to more …

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