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18 11, 2020

West Virginia Boarding School Settles Abuse Lawsuit for $52M

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A lawsuit alleging widespread abuse at a now-closed northern West Virginia boarding school has been settled for $52 million. The lawsuit was filed by 29 students of the former Miracle Meadows School in Salem in 2017. It was settled late …

17 11, 2020

Cyber Security Top Concern for Businesses in ‘Age of Risk,’ Marsh’s Glaser Says

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Cyber security has emerged as the most pressing exposure for business confronting a new “age of risk,” topping the coronavirus pandemic and climate change, in part because cybercrime is so pervasive, the head of insurance broker and consulting firm Marsh …

18 11, 2020

Atlanta-Based INSUREtrust Adds Waldrep as Account Manager

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Atlanta-based INSUREtrust has added Patrick Waldrep as an account manager in Georgia. Before joining INSUREtrust, Patrick worked as a sales manager for State Farm where he was responsible for growing and servicing all aspects of the agent’s book, including gathering …

17 11, 2020

Magnitude 5.5 Earthquake Confirmed in Remote Corner of Nevada

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A magnitude 5.5 earthquake struck a remote corner of Nevada early Friday, shaking the desert and a nearby town, the U.S. Geological Survey confirmed. The quake struck at 1:13 a.m. and was centered about 21 miles southeast of Mina, a …

18 11, 2020

South African Insurer Santam Loses COVID-19 Business Interruption Test Case

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A Cape Town court ordered Santam Ltd. to pay out business-interruption claims to two South African hospitality companies, potentially opening up the industry to cover losses suffered because of the coronavirus pandemic. The court agreed with the approach of the …

17 11, 2020

Babineaux Named Chief Sales Officer at Louisiana’s Dwight Andrus Insurance

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Dwight W. Andrus Insurance Inc., based in Lafayette, La., has appointed Erroll “Charlie” Babineaux Jr. chief sales officer. Babineaux joined Dwight Andrus Insurance in 2005. Since joining the firm, Babineaux has consistently proven to be a top sales producer and …

17 11, 2020

20 Farms in Washington Fined for Not Protecting Workers From COVID-19

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Three Mid-Columbia farms are among those receiving the biggest fines in the state from the Washington state Department of Labor and Industries for serious violations of agriculture regulations to prevent the spread of the coronavirus. More than 20 farms have …

17 11, 2020

Specialty Re/Insurer Convex Group Raises $1B in Additional Capital

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Specialty insurer and reinsurer Convex Group Ltd. announced it has secured commitments for an additional $1.0 billion of equity capital, subject to the requisite regulatory approvals. Bermuda-based Convex launched in April 2019 with $1.7 billion of initial committed capital. This …

17 11, 2020

Kansas College Settles Discrimination Lawsuit Over Athlete Recruitment

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A small community college in northeast Kansas has settled a lawsuit accusing it of directing coaches to recruit more white athletes and subjecting Black students to excessive scrutiny such as background checks before offering them scholarships. Terms of the settlement …

17 11, 2020

Zywave Snatches Up Advisen in Move to Accelerate Global Growth

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Insurance technology company Zywave snatched up Advisen, a global insurance data provider, in a deal expected to fuel more rapid international growth. The acquisition includes Web Connectivity Ltd. (WCL), a UK-Based Advisen subsidiary whose technology supports the electronic placement of …