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Rhode Island Parade Organizers Probe Accident at Oldest July 4th Fest

The committee that organizes the nation’s oldest continuous Fourth of July celebration says it’s trying to figure out how a woman was struck by a parade float and wants to prevent future accidents. The crash occurred Tuesday in Bristol, R.I. …

Vermont Tallying Up Flash Flood Damage from Heavy Rains

Officials worked Wednesday to tally up the flood damaged to central Vermont roads, culverts and a municipal water system following last week’s storms to determine if the state will seek federal assistance for repairs. Heavy rains on Saturday, on the …

Swiss Re, Ping An Offer China’s 1st Mobile-Enabled Parametric Insurance Cover

Swiss Re has partnered with Ping An Property & Casualty Insurance Co. of China Ltd. to launch China’s first mobile-enabled typhoon property parametric insurance solution. This solution is designed to provide an affordable, easy-to-use insurance product for both individuals and …

Florida’s Citizens CEO Gilway Responds to Claims About Managed Repair Program

The following letter to the editor was written by Citizens Property Insurance Corp. President, CEO and Executive Director Barry Gilway in response to an opinion piece from the Florida Association of Public Insurance Adjusters that ran on July 6, 2017 …

Brexit Should Preserve Free Trade for Financial Services: FCA’s Bailey

Finance firms should not be forced by regulators to change location after Britain leaves the European Union in 2019, Andrew Bailey, chief executive of the UK’s Financial Conduct Authority told a Reuters Newsmaker event on Thursday. Banks, insurers and asset …

Symantec to Acquire Israeli Cyber Security Startup Fireglass

Symantec Corp. is acquiring Israeli cyber security startup Fireglass, the company said on Thursday, in a small deal designed to boost its products that protect corporate email and web browsing from threats. Symantec is paying an undisclosed sum for the …

Swiss Re Bases Entire $130B Liquid Investment Portfolio on Ethical Principles

Swiss Re is switching the entire $130 billion it holds in liquid assets to track ethical indices, the latest move towards principled investments by the insurance industry. The world’s second-largest reinsurer is 90 percent of the way through shifting its …

Days of Cyber Insurers Avoiding Costly Claims May Be Numbered: Expert

Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global virus could change that. “It’s exceptionally likely that we will see an event over the next months that will seriously …

Ironshore International’s M&A and Tax Insurance Unit Opens Frankfurt Office

Ironshore International’s Mergers & Acquisitions and Tax Insurance unit announced it has opened an office in Frankfurt, Germany, through Ironshore Agency Ltd., to expand its European presence. Ironshore M&A and tax specialists underwrite specialty coverages for complex transactional risk throughout …

Mars’ Trademark Suit Against Wisconsin Chocolatier Dismissed

A federal judge on June 30 dismissed a lawsuit from candy maker Mars Inc. against a Wisconsin woman the company claimed violated a company trademark with chocolates she makes. The McLean, Virginia-based company filed the lawsuit in its home state …

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