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Suit over Kona Beer Not Being Brewed in Hawaii Allowed to Proceed

Calling Hawaii “a state as well as a state of mind,” a federal judge refused to dismiss a lawsuit accusing the maker of Kona craft beer of misleading consumers into believing the beer was actually made in the 50th U.S. …

AIG Names Nardello’s Fato as General Counsel, Succeeding Solmssen

American International Group announced that Lucy Fato will join the company as executive vice president and general counsel. Fato will oversee the Global Legal, Compliance, Regulatory and Government Affairs function, and will report to AIG President and Chief Executive Officer …

Hurricane Irma Brings Fierce Winds, Surf and Rain to Caribbean Islands

Hurricane Irma, one of the most powerful Atlantic storms in a century, churned across northern Caribbean islands on Wednesday with a potentially catastrophic mix of fierce winds, surf and rain, en route to a possible Florida landfall at the weekend. …

Massachusetts Pot Regulatory Board Set With Naming of Three More Members

The board responsible for regulating marijuana in Massachusetts is now in place after the selection of three more members. Democratic Attorney General Maura Healey on Friday appointed Britte McBride, a former assistant state attorney general, to the five-member Cannabis Control …

Judge Tosses Most Serious Charges in Penn State Frat Death

A judge threw out involuntary manslaughter and aggravated assault charges Friday against members of a Penn State fraternity in the alcohol-related hazing death of a pledge, ordering 12 of the young men to stand trial on less serious counts. The …

New Jersey’s World Insurance Associates Acquires Bruen Deldin DiDio Associates

World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., has acquired Bruen Deldin DiDio Associates Inc. (BDD) of New York, Connecticut and Rhode Island. Following the transaction, Jeffrey Deldin joins World Insurance as a partner of …

Re/Insurance Broker BMS Launches Spain-Based BMS Iberia

BMS Group Ltd., the London-based specialist insurance and reinsurance broker, announced the launch of a new European venture, BMS Iberia. The operation will be spearheaded by recently appointed directors Fernando Claro in Madrid and Domingo Albi in Seville, and will …

Tokio Marine Plans to Set Up Luxembourg Unit in Preparation for Brexit

Tokio Marine Group announced that it is seeking regulatory approval to establish an insurance company in Luxembourg, to be prepared for Brexit. Through several of its subsidiaries, principally Tokio Marine HCC and Tokio Marine Kiln, the group has been active …

Brexit Could Be Reversed if Economic Pain Sways Public Opinion: Former Minister

Brexit could be reversed if economic pain prompts a change in public opinion that brings a new generation of political leaders to power in Britain, former Conservative minister Michael Heseltine said. Heseltine, who helped topple Margaret Thatcher in 1990 but …

Guy Carpenter Promotes Boyce to Deputy CEO of Global Specialties

Guy Carpenter & Co., the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Cos., announced that James Boyce has been promoted to deputy CEO, Global Specialties, effective immediately. Based in London, he will report to …

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