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What to Watch for in Workers’ Compensation in 2019

Value-based care, political party changes in several states, and a more holistic view of patient injuries will impact the workers’ compensation industry this year, according to two experts hosting a workers’ compensation webinar series, Out Front Ideas. Mark Walls, vice …

XPT Group Acquires New York City’s SVA Underwriting Services

XPT Group LLC has acquired SVA Underwriting Services Inc., a trucking and transportation MGA and Lloyd’s Coverholder. SVA Underwriting specializes in physical damage and cargo cover with the ability to underwrite, issue policies and endorsements and arrange for engineering and …

Arrivals at Newark Were Temporarily Halted Due to Reported Drone Sightings

Reports of drone sightings in northern New Jersey temporarily halted arrivals at Newark Liberty International Airport on Tuesday, a spokesman from the Federal Aviation Administration (FAA) said. The spokesman said flights into Newark – the 11th busiest U.S. airport – …

Robot Detects Spill on Aisle 3 But Human Cleans It Up

A wheeled robot named Marty is rolling into nearly 500 grocery stores to alert employees if it encounters spilled granola, squashed tomatoes or a broken jar of mayonnaise. But there could be a human watching from behind its cartoonish googly …

Here Comes the New Generation of Very Rich Americans

The rich are getting richer, and younger. A survey of U.S. investors with $25 million or more finds their average age dropped by 11 years since 2014, to 47. These fabulously rich Americans, whose ranks have more than doubled since …

Ship in Black Sea Fire Was Denied Port Entry over U.S. Sanctions Risk: Reuters

Two ships ablaze in the Black Sea region, leaving at least 10 crew dead, caught fire while transferring fuel mid-sea after one vessel was barred from using its usual port in southern Russia due to U.S. sanctions risk, two sources …

Volvo Recalls 200,000 Cars to Fix Potential Fuel Leakage Problem

Volvo Cars, which is owned by China’s Zhejiang Geely Holding Group, is voluntarily recalling about 200,000 cars after it found an engineering issue that could potentially cause fuel leakage in the engine compartment over time. The group said its probe …

Danske Money Laundering Scandal Damages Denmark’s Reputation: Regulator

Denmark’s status as one of the world’s least corrupt places has been undermined by the money laundering scandal engulfing its biggest bank, according to the country’s financial regulator. In a report examining risks facing Danish banks, the Financial Supervisory Authority …

Accounting Fraud Pushes UK’s Patisserie Valerie into Insolvency

U.K. entrepreneur Luke Johnson’s efforts to save Patisserie Valerie failed as an accounting scandal pushed the bakery chain’s parent into insolvency, threatening as many as 2,800 jobs on Britain’s beleaguered shopping streets. Patisserie Holdings Plc appointed KPMG as administrator after …

Commodities Broker Files $284M Suit Alleging Metals Fraud – in Echo of Natixis/Marex Case

Broker ED&F Man has filed a $284 million lawsuit against two Hong Kong companies, alleging that they knowingly provided fraudulent warehouse receipts for nickel stored in Asia, court documents show. The two Hong Kong firms, Come Harvest Holdings Ltd (CHH) …

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