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India’s GIC Re Shares Drop on Market Debut After Raising $1.7B in IPO

State-run General Insurance Corp. of India (GIC Re) slumped as much as 14.5 percent on market debut on Wednesday after raising 111.76 billion rupees ($1.72 billion) in the country’s biggest initial public offering in seven years. Concerns about valuations have …

EU President Tusk Believes UK Could Reverse Its Plans for Brexit

European Union President Donald Tusk revived the notion that the U.K. will stay in the bloc after all, as British Prime Minister Theresa May struggles with persistent splits in her government. Speaking 16 months to the day since Europeans woke …

XL Group Q3 Reports Losses in Excess of $1B on Hurricanes Harvey, Irma, Maria

XL Group reported losses exceeding $1 billion for the 2017 third quarter, blaming Hurricanes Harvey, Irma and Maria for the results. The net loss of $1.04 billion for Q3 amounted to negative-$4.06 per fully diluted share, compared to $70.6 million …

Investigators Probe Death of Miner at West Virginia Coal Processing Plant

State and federal investigators are trying to determine what killed a 48-year-old miner found Monday at a coal mining operation in Raleigh County. James Ray Adkins of Colcord, West Virginia, was discovered missing at approximately 7:10 a.m. at Marfork Coal …

Accident on Mississippi Fair Ride Injures 2 Children

An accident on a ride at the South Mississippi State Fair has injured two children. Fair representative Pam Holyfield told WDAM-TV that 7-year-old Jayden Busby was on a ride called “Up, Up and Away” on Friday when the seat came …

Florida CFO Voices Concerns to FEMA Over Policy Management Vendor Transition

Florida’s Chief Financial Officer Jimmy Patronis is urging the Federal Emergency Management Agency to reconsider an upcoming vendor transition that he says could delay the processing of federal flood claims in Florida. In a letter dated Oct. 18 to FEMA …

2017 California Workers’ Comp Rating Bureau Geo Study Released

The California Workers’ Compensation Insurance Rating Bureau has released its 2017 Geo Study. The study uses data from diverse datasets to highlight regional differences in California workers’ comp claim characteristics. The study, which controls for regional differences in wages and …

Founders Professional Adds Kodikian to New San Francisco Office

Founders Professional has named Raffi Kodikian to the role of lawyers professional liability practice leader, marking the brokerage’s first West Coast hire. Kodikian will focus on the placement of lawyer’s professional liability risks for all size law firms and work …

Lockton Appointed Program Administrator of Swiss Re Lawyers PL Program

Lockton Affinity has been appointed as the exclusive program administrator for Swiss Re Corporate Solutions Lawyers Professional Liability Insurance for firms with one to 19 attorneys in California, Kansas, Missouri and Texas, effective January 1, 2018, Benefits of the Lockton …

U.S. Senator Calls for Increased USDA Response to North Dakota Drought

U.S. Sen. Heidi Heitkamp is calling on the U.S. Department of Agriculture to send more workers to western North Dakota, where she says understaffed Farm Service Agency offices are dealing with an overwhelming workload worsened by a summer of crippling …

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