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Apple Lawsuit in California Tests if Employees Can Plan Startup While on Payroll

Attorneys for a former Apple Inc executive on Tuesday will try to convince a skeptical judge of a core tenet of tech startup culture – that employees can plan a competing venture while still in a job. Apple’s lawsuit against …

New Minority-Led Broker Protecdiv Shoots for $100M Within 5 Years, Record Diversity

A minority-led insurance and reinsurance broker has launched with ambitious goals of achieving $100 million in revenue within five years and having the most diverse workforce in the industry. Protecdiv, based in Philadelphia, is being led by experienced insurance industry …

Everest Re Taps NewRe’s Klinger as Head of Continental Europe, Succeeding Knipper

Everest Re Group Ltd. has announced that Artur Klinger will join the Everest Reinsurance Division during mid-to-late 2020 as managing director of Continental Europe, succeeding Stephan Knipper who will retire after 33 years in the industry. Klinger joins Everest Re …

Tesla Pushes Back on Call for Probe; Denies Unintended Acceleration in Vehicles

Tesla Inc. said on Monday there was no unintended acceleration in its vehicles, as it responded to a petition to a U.S. safety regulator to investigate and recall around 500,000 of the company’s electric cars over the alleged defect. On …

Virginia House Committee Tackles Consumer Protections, Cybersecurity

In one of the more modern meeting rooms at the over two centuries old State Capitol, 22 lawmakers gather on Mondays to confront the increasing cybersecurity threats looming over Virginia residents. This session the House Committee on Communications, Technology and …

Xceedance Acquires Massachusetts’ Activer Solutions

Xceedance, a global provider of insurance consulting, managed services, technology, data sciences and blockchain solutions, has acquired Activer Solutions. Located in Marlborough, Mass., Activer Solutions specializes in insurance operations and technology services for the front, middle and back office operations …

Ex-Church Administrator in Pennsylvania Gets 10 to 20 Years in Theft Case

A former western Pennsylvania church administrator has been sentenced to 10 to 20 years in the theft of $1.2 million that prosecutors said he and his wife used for vacations, sports tickets and other personal expenses. An Allegheny County judge …

Delaware Insurance Commissioner Appointed Chair of NAIC Antifraud Task Force

Delaware Insurance Commissioner Trinidad Navarro was appointed chair of the National Association of Insurance Commissioner’s Antifraud Task Force. Commissioner Navarro previously served as vice-chair of the committee and served in law enforcement for much of his career before his election …

Willis Re Names Green as Head of Int’l Casualty Reinsurance, Philipsz as Australia CEO

Willis Re, the reinsurance broking business of Willis Towers Watson, announced the appointment of Cameron Green as head of its International Casualty Reinsurance practice as well as chair of Willis Re Australia. In this new role as the leader of …

Australia Begins Clean Up From Bushfires with Insurance Claims Continuing to Rise

The New South Wales and Victorian state governments will coordinate the clean-up of insured and uninsured residential and commercial properties destroyed in the deadly wildfires. Under the plan, the states will appoint major contractors to do the work, which will …

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