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Two Uber Executives Detained by French Police Pending Investigation
French police have detained two executives from Uber for questioning as a government clampdown intensifies on the U.S.-based taxi and ride-sharing service. Thibaud Simphal, manager of Uber France, and Pierre-Dimitri Gore-Coty, general manager for western Europe, were detained as part …
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Giordano Joins The McGowan Companies as Executive VP
Don Giordano has joined Ohio-based The McGowan Companies (TMC) as an executive vice president. Giordano will be working with McGowan’s carrier and distribution partners to create additional excess casualty products and services, which will complement TMC’s industry leading excess casualty …
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Disney Bans Selfie Sticks, Cites Safety Concerns
Don’t bring your selfie stick to Disney World. Officials announced Friday that a ban takes effect today at all four Disney theme parks in Orlando as well as at Disney’s water parks and Disney Quest, a gaming attraction at Downtown …
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Florida PIP Clinic Owner Charged with More Than $100K in Insurance Fraud
The Florida Division of Insurance Fraud announced the arrest of Dr. Troy Godsey and Renata Berriel Deazevedo for their roles in a scheme to defraud multiple insurance companies of more than $100,000. Troy Godsey, a licensed chiropractor, established Spine Health …
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Study: North Carolina’s Outer Banks Risk Losing $2B to Rising Seas
With scientists expecting the seas to rise about 3 feet over the next 100 to 150 years, a new study from the National Park Service says the two national seashores on North Carolina’s Outer Banks risk losing buildings and other …
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Judge Won’t Recuse Prosecutors on West Virginia Chemical Spill Trial
A judge will let federal prosecutors keep working on a criminal case over a chemical spill last year in West Virginia, shooting down arguments that prosecutors should be recused from the case because they were among the 300,000 people without …
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Texas Court Denies Insurer’s Reinsurance Tax Break Argument
A Texas appeals court has ruled that an insurer can’t recoup premium taxes reluctantly paid on reinsurance agreements with two public employee self-insured risk pools on the grounds that the risk pools aren’t insurers. In a case appealed from a …
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SpaceX Cargo Loss is Government’s, but Rocket Costs and Backlog Uncertain
SpaceX’s Falcon 9 rocket en route to the International Space Station erupted in flames on Sunday moments after its launch, delivering a potential business interruption blow to the so-far highly successful private space company. The craft was about 21 miles …
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Fosun’s Acquisition of Meadowbrook’s California Subsidiaries OK’d
The California Department of Insurance has approved Fosun International Ltd.’s acquisition of control of Meadowbrook Insurance Group Inc.’s subsidiaries commercially domiciled in of California. The subsidiaries include Star Insurance Co., ProCentury Insurance Co. and Williamsburg National Insurance Co. The closing of …
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Former Arizona Congressman Renzi Rejected by High Court on Conviction
The U.S. Supreme Court rejected an appeal from former Representative Rick Renzi of Arizona, leaving intact his conviction for public corruption, insurance fraud and racketeering. Renzi, a Republican, argued unsuccessfully that his prosecution violated the Constitution’s speech-or-debate clause, which limits …
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