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Iranian Oil Tanker Struck, Probably by Missiles: Iran Media

The incident, which has yet to be independently confirmed, is the latest involving oil tankers in the Red Sea and Gulf area, and is likely to ratchet up tensions between Tehran and Riyadh, long-time regional foes fighting a proxy war in Yemen, which lies at the southern end of the Red Sea. The reports offered sometimes diverging accounts. Iranian state-run ...

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Argo Group Under SEC Scrutiny Over Executives’ Compensation

The company, working with the assistance of outside counsel, is fully cooperating with the SEC and does not believe that the amounts involved are material to the company’s financial position or results of operations,” Argo said in an emailed statement. The investigation comes after an activist investor, Voce Capital Management, accused Argo of misusing corporate assets, including company-owned aircraft and ...

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Daimler Recalls Thousands of Mercedes-Benz Vehicles over Diesel Emissions

Weekly Bild am Sonntag on Sunday reported a recall of Mercedes-Benz Sprinter vehicles was imminent after KBA warned the luxury carmaker that the transporter vans may contain illegal engine management software. “Mercedes-Benz customers will be notified in writing over further actions if their vehicle is subject to the recall and a software update can be installed,” the company said. Daimler ...

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Insuring Cannabis Summit Announces Agenda and Speakers

Today Insurance Journal has announced the agenda and speakers for the Insuring Cannabis Summit. This is a virtual, all-day event beginning at 9am Pacific on Thursday, October 17, 2019. “We received over 90 speaker submissions for the event,” says Don Jergler, Insurance Journal West Editor and Editor of the Insuring Cannabis Newsletter. “There were such high-quality, expert submissions. It was ...

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AF Group Appoints Cooper, Travis to New Executive Roles

National specialty insurance carrier AF Group in Lansing, Michigan, has named Steve Cooper president of Third Coast Underwriters and Abel Travis vice president of Fundamental Underwriters. Cooper currently is president of another AF Group member, United Heartland, a role he will retain. Cooper has more than 30 years of property/casualty experience, which includes a significant knowledge of specialized, unique risks ...

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Small Business Insurtech Next Insurance with $250 Million

With the new Munich Re financing, Next joins the elite ranks of insurtechs that have raised hundreds of millions in financing. Lemonade, which sells home and rental insurance electronically, disclosed a $300 million financing in April that’s designed to fuel an international expansion. Lemonade has raised $480 million in venture financing thus far from multiple investors including Allianz and AXA ...

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Update: Typhoon Hagibis Rips Across Japan, Causing Flooding, Killing at Least 43

At least 48 landslides and mudflows have been reported in 12 prefectures, and nine rivers burst their banks, Kyodo news reported, citing the Ministry of Land, Infrastructure, Transport and Tourism. The heavy rain destroyed river banks in central and northern Japan — most seriously the Chikuma River in Nagano prefecture, northwest of Tokyo. Houses were flooded in the area, with ...

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How States, Cities Compare on Rates of Health Uninsured

With the national rate of Americans lacking health insurance on the rise again, the personal finance website WalletHub released a report on uninsured rates by city and by state. The national uninsured rate rose in 2018 to 8.5% from 7.9% the previous year, according to data from the U.S. Census Bureau. Using U.S. Census Bureau data, WalletHub compared the rates for 548 U.S. cities and the ...

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Common Insurance Questions and Answers

Insurance is complicated, and there are many misconceptions about coverage that could leave policyholders uninsured or underinsured. You offer great value as the best resource to explain the benefits, restrictions and exclusions of policies to your clients – because you have access to the best options among the carriers you work with. Your advantage over a ‘go direct’ website, is ...

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Cyber Insurance Will Reshape Cybersecurity

Cybersecurity is broken. It’s a bold statement, but given the increasing frequency of cyber breaches, along with the presence of more varied and evolving threats, there is growing uncertainty about the ability of the cybersecurity industry to protect its customers. There is virtually no company that isn’t a potential target. From mom-and-pop storefronts to Fortune 500 companies, no business is ...

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