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Supreme Court Weighs Liability for Sharing Fraudulent Securities Information

U.S. Supreme Court justices on Monday appeared reluctant to further limit the scope of who can be held liable for violating laws that protect investors from securities fraud as they weighed an appeal by a New York investment banker who …

Former AmWINS VP Steinmetz Joins USG in Florida

USG has hired Kim Steinmetz as producer/broker to its branch in Tampa, Fla. Steinmetz joins the USG team with 16 years of experience in the industry, specializing in large commercial property. She most recently held the position of assistant Vice …

Idaho Commissioner Named NAIC Secretary-Treasurer

Dean Cameron, director of the Idaho Department of Insurance, has been elected secretary-treasurer of the National Association of Insurance Commissioners. Cameron is the first Idaho Insurance Commissioner ever elected to NAIC leadership. He and his fellow NAIC leaders, elected at …

Morgan Stanley: State Farm, Allstate Largest Insurers Exposed to Alaska Quake

State Farm, Allstate and USAA have the lion’s share of exposure from the magnitude 7.0 earthquake that struck Alaska on Nov. 30, according to a Morgan Stanley Research brief put out on Monday. The epicenter was roughly 7 miles north …

Verisk to Acquire London Market Pricing Software Firm Rulebook

U.S.-based data analytics firm Verisk has agreed to acquire Rulebook, a provider of business intelligence and software for the London Insurance Market. The purchase price is $87 million in cash, which Verisk said will be funded through cash on hand …

Progressive to Offer Online Cyber Marketplace to Small Business Owners

Progressive Insurance will offer small business owners the ability to compare, quote and buy cyber insurance online, alongside other small business coverages, through CyberPolicy, an online cyber insurance marketplace . Progressive Insurance offers a suite of insurance products for small …

Study: River Near Chemours N.C. Plant Contaminated with Industrial Chemicals

A study performed for a chemical-maker accused of polluting North Carolina’s longest river finds the entire waterway used by thousands for drinking water is laced with industrial compounds. The Cape Fear Public Utility Authority said last week the report shows …

Ames, Iowa: Parking Ticket System Breached; Personal Info Possibly Stolen

As if getting a parking ticket wasn’t bad enough, the city of Ames is informing those who recently paid parking fines that their private information — including credit and debit card numbers — may have been stolen. The city said …

NSM Acquires Louisiana’s KBK Insurance Group

NSM Insurance Group has acquired the assets of Harahan, Louisiana-based program manager, KBK Insurance Group. With over 25 years of experience, KBK specializes in the towing and transportation industries. NSM Insurance Group is continuing to grow organically and through strategic …

Lawsuit Against Fraternity over Illinois Student’s Hazing Death Settled for $14M

The family of a Northern Illinois University student who died while enduring a fraternity hazing has reached a $14 million settlement of their lawsuit. David Bogenberger of Palatine, Illinois, was found dead in November 2012 at Pi Kappa Alpha, the …

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