10 02, 2021

UK Broker Specialist Risk Group Buys Trade Credit Specialist, The Channel Partnership

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Specialist Risk Group (SRG), a London-based specialist insurance broker, has announced the acquisition of a UK trade credit specialist, The Channel Partnership. Financial details of the deal were not disclosed. The Channel Partnership, founded in 1992, provides clients with expert …

10 02, 2021

Some Baby Foods Found to Contain High Levels of Toxic Heavy Metals

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U.S. congressional investigators found “dangerous levels of toxic heavy metals” in certain baby foods that could cause neurological damage, a House Oversight subcommittee said in a report released on Thursday in calling for new standards and testing requirements. The panel …

10 02, 2021

AI Startup that Uses AI and Partners with Re/insurers, Now Is Seeking Canadian IPO

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Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about C$100 million ($79 million) in an initial public offering to strengthen its finances and repay debt. The Winnipeg, Manitoba based …

10 02, 2021

Boston Hospital Valet Shot in Eye Sues His Employer

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A valet at a Boston hospital who was shot in the eye by police as officers confronted a man armed with what they thought was a real gun has sued his employer, saying the hospital’s security staff mishandled this situation. …

10 02, 2021

Mother of Virginia Police Informant Seeks $13M in Lawsuit

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The mother of a dead Virginia police informant is alleging in a pair of lawsuits that authorities are responsible for her son’s fatal overdose on opiates that he was coerced to purchase while undercover. Donna Watson, the administrator of Troy …

10 02, 2021

Climate, AI, Privacy, Racial Bias Among State Insurance Regulators’ 2021 Priorities

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The country’s insurance regulators are vowing to prioritize the monitoring of the use of consumer and non-consumer data by companies, the use of artificial intelligence, and the availability and affordability of insurance products for racial minorities. They say they will …

10 02, 2021

Firefighters Battle Blaze, Partial Building Collapse in Pittsburgh

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Fire and a partial collapse has demolished at least part of a multistory building on Pittsburgh’s South Side built at least 141 years ago. Fire crews fought for hours to contain the blaze reported at about 2:30 p.m. that sent …

10 02, 2021

Intel Suing Oregon Engineer Who Joined Microsoft Over Trade Secrets

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Intel is suing a former Oregon employee, alleging he took trade secrets when he left for Microsoft and used the information to gain an advantage in later business negotiations with Intel. Engineer Varun Gupta worked at Intel for ten years …

10 02, 2021

Environmental Settlement of $212K Reached with Washington Chemical Company

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The U.S. Environmental Protection Agency has reached a settlement with Emerald Kalama Chemical after inspectors say they found hazardous waste storage and handling violations it its Kalama, Wash., facility. The chemical company has agreed modify its practice and pay a …

10 02, 2021

Ambac Financial Launches Specialty Insurance Group Everspan

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Financial holding company Ambac Financial Group has launched Everspan Group, capitalized with more than $100 million, to focus on writing specialty program insurance business. Everspan Group’s insurance companies include two Arizona-domiciled entities: Everspan Indemnity Insurance Co., an excess and surplus …