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Cybersecurity Requirements in New York: Determining Compliance

The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies. Codified at 23 NYCRR §500, the law became effective on March 1, 2017, and requires insurance and insurance-related companies as well as brokers, agents …

Dreams Come True with Hagerty Insurance-Backed Classic Car Sharing Service

Many Americans dream of driving fabulous, unique, vintage cars. The vast majority of Americans never get to actually do it. Sure, we see them around—I live in Brooklyn and I don’t own a car, but as I walk around my …

Senator Flanagan First Appointee to Massachusetts Marijuana Regulatory Post

A state senator was named Wednesday by Governor Charlie Baker to the regulatory board that will oversee the cannabis industry in Massachusetts. Sen. Jennifer Flanagan, of Leominster, is the first appointee to the five-member Cannabis Control Commission. She will serve …

Massachusetts Fire Chief Hospitalized After Explosive Blaze Hits Three Homes

The fire chief in Millbury, Mass., has been hospitalized after flames hit three homes and caused several propane tanks to explode. Chief Richard Hamilton was taken to UMass Medical Center in Worcester early Wednesday with heat exhaustion and dehydration. He …

Hurricane Harvey Looks to Be First Big Test for Trump FEMA Director Long

Brock Long knew it was just a matter of time. “We’ve gone 11 years without a major hurricane land-falling in the U.S.—that’s a one-in-2,000 chance,” said Long, President Donald Trump’s administrator of the Federal Emergency Management Agency, in an interview …

Lawsuit: Pennsylvania Train That Crashed Also Overshot Previous Station

A man who was among dozens of people injured when a commuter train crashed at a suburban Philadelphia terminal is suing the rail company, claiming the train also blew past a previous station before the accident. Passenger Darrell Robbson filed …

Gallagher Appoints Bluefin’s Hogg to Lead Scottish Operations

Arthur J. Gallagher announced that Kenny Hogg has been appointed regional managing director (RMD) for Scotland and will join the business with effect Aug. 29, 2017. The current RMD for Scotland, Paul Kerry, will remain with the business in his …

Insured Losses for August 2016’s Italy Quake Revised Upward to $127.4M: PERILS

The final property insurance market loss estimate for the magnitude 6.0 earthquake that hit Central Italy on Aug. 24, 2016 has increased to €108 million (US$127.4 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. …

Germany Pioneers Ethical Guidelines for Operation of Driverless Cars

Protecting people rather than property or animals will be the priority under pioneering new German legal guidelines for the operation of driverless cars, the transport ministry said on Wednesday [Aug. 23]. Germany is home to some of the world’s largest …

UK Economy Begins to Feel Brexit Pinch – or Perhaps Brexit Punch

Britain’s economy is beginning to feel the Brexit pinch, or perhaps given the strong performance of the rest of the world economy, it should be punch. After a prolonged period of relatively benign economic numbers following last year’s vote to …

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