22 02, 2019

Berkshire Hathaway in Talks to Sell Workers’ Compensation Unit Applied Underwriters

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Warren Buffett’s Berkshire Hathaway Inc. is in advanced discussions to sell its Applied Underwriters workers compensation unit to a consortium of insurance firms, people familiar with the matter said on Friday. The deal would be a rare divestment by Buffett, …

22 02, 2019

Supreme Court Declines to Revive Wrongful Death Suit Over Mississippi Police Shooting

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The U.S. Supreme Court will not revive a wrongful death lawsuit filed by the family of a black man shot to death by a white police officer in Mississippi. Antwun “Ronnie” Shumpert was killed in June 2016 in Tupelo. In …

22 02, 2019

Kentucky Bourbon Industry Expresses Support for Proposed Ignition Interlock Bill

By | February 22nd, 2019|Uncategorized|Comments Off on Kentucky Bourbon Industry Expresses Support for Proposed Ignition Interlock Bill

Kentucky’s bourbon industry teamed with leaders of Mothers Against Drunk Driving on Wednesday to promote legislation aimed at reducing drunken driving by increasing the use of a device that block vehicles from starting if the driver isn’t sober. The bill …

22 02, 2019

Heavy Rains Cause Flash Flooding, Mudslide in Deep South

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Parts of the Deep South are experiencing flash flooding and other problems from heavy rains. Floodwaters covered roads on Wednesday in parts of eastern Mississippi and northern Alabama. In northwest Georgia, a mudslide was reported Wednesday beside a gas station …

22 02, 2019

Broken Nike Basketball Shoe Could Be Product Liability Case

By | February 22nd, 2019|Uncategorized|Comments Off on Broken Nike Basketball Shoe Could Be Product Liability Case

The high-profile failure of a Nike Inc. basketball shoe on Wednesday night was more than an epic embarrassment for the athletic brand. It could be a product-liability case. Duke University star freshman Zion Williamson — the consensus No. 1 pick …

22 02, 2019

U.S. Wants Regional Response Teams for Oil Train Wreck

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Federal transportation officials are requiring railroads to establish regional response teams along oil train routes following a series of fiery derailments. The new rule is aimed at having crews and equipment ready in the event of an accident. It applies …

22 02, 2019

UK Prime Minister May Be Forced to Request 3-Month Brexit Delay: EU Sources

By | February 22nd, 2019|Uncategorized|Comments Off on UK Prime Minister May Be Forced to Request 3-Month Brexit Delay: EU Sources

The European Union expects U.K. Prime Minister Theresa May to be forced to request a three-month delay to Brexit, two EU officials said. Discussions between the two sides suggest May will ask for an extension to the two-year negotiating period …

22 02, 2019

Scandinavians Stunned over Region’s Growing Money Laundering Allegations

By | February 22nd, 2019|Uncategorized|Comments Off on Scandinavians Stunned over Region’s Growing Money Laundering Allegations

Scandinavians are taking a hard look at their institutions as allegations of systematic money laundering rock the entire region. With Swedbank AB becoming the latest lender to get dragged into a dirty money scandal that’s already engulfed Danske Bank A/S, …

22 02, 2019

Arch Capital Group Names Englesbe as Chief Risk Officer

By | February 22nd, 2019|Uncategorized|Comments Off on Arch Capital Group Names Englesbe as Chief Risk Officer

Arch Capital Group Ltd. announced that Janice Englesbe will join the company as senior vice president, chief risk officer (CRO) effective Feb. 25, 2019. Englesbe will be based in Arch’s Bermuda office and report to François Morin, the company’s executive …

22 02, 2019

Financial and Reputational Costs of Cyber Attacks Can Be Fatal to SMEs: Chubb

By | February 22nd, 2019|Uncategorized|Comments Off on Financial and Reputational Costs of Cyber Attacks Can Be Fatal to SMEs: Chubb

The average price tag for a business to recover after a cyber attack is $400,000, which can be fatal for small-and-medium-sized enterprises (SMEs), according to a report published by Chubb. This hefty cost of repairing the business and its reputation …