Insurance
Webster Bank to Buy Insurance Settlement Funds Administrator
Stamford, Connecticut-based Webster Bank has agreed to acquire Ametros Financial Corp., a Wilmington, Massachusetts-based custodian and administrator of medical funds from insurance claim settlements. The bank is acquiring the firm from funds managed by Long Ridge Equity Partners. Terms were …
Read More Oakbridge Expands with M D Iverson Group in Georgia
Oakbridge Insurance Agency has continued its expansion plans with the acquisition of M D Iverson Group, an Atlanta-area agency and brokerage that focuses on commercial products and high-net-worth individuals. M D Iverson will continue to operate its Fairburn, Georgia, office. …
Read More South Carolina Education Chief Wants Police to Have Maps of Schools for Response
GILBERT, S.C. (AP) — South Carolina’s top education official plans to ask lawmakers for $5 million to put a digital map of every school in the state online and make those maps immediately available on police officers’ mobile devices as …
Read More Some UK Financial Services Firms Keep Flexible Working to Boost Women in Workforce
As firms across the City of London consider clamping down on working from home, Schroders Plc is sticking to its policy of letting workers decide how much time they spend in the office. “Flexible working provides a strong link to …
Read More New Hampshire Insurance Regulator, New England College Offer Course With Internship
The New Hampshire Insurance Department and New England College have announced they will partner for the second year of a course aimed at teaching students about insurance and providing staffing for the industry. Scheduled to commence in the Spring 2024 …
Read More Maersk Tankers’ Fleet of Fuel Carriers Could Opt to Avoid Red Sea as Attacks Escalate
Maersk Tankers is to insist its fleet of fuel carriers have the option to avoid the Red Sea following an escalation in attacks on merchant ships in the area. The decision, set out in a notice seen by Bloomberg, doesn’t …
Read More US Regulators Add Artificial Intelligence to Potential Financial System Risks
Rapid adoption of artificial intelligence (AI) could create new risks for the U.S. financial system if the technology is not properly supervised, a panel of regulators warned on Thursday. The Financial Stability Oversight Council, which comprises top financial regulators and …
Read More New Research Shows Renters Are Hit the Hardest When a Hurricane Strikes
Newswise — With a severe shortage of affordable housing in the United States, renters living along the East and Gulf coasts are uniquely vulnerable to hurricane disasters. Two new studies based on data from 2009 to 2018 show that renters …
Read More NOAA: Arctic Summer Surface Air Warmest on Record
A report out this week from the National Oceanic and Atmospheric Administration shows the Arctic summer surface air temperatures were the warmest on record, with some areas, including northern Alaska and Canada, 7.2 degrees Fahrenheit or more above the 1991-2020 …
Read More Lawsuit Alleges Ex-Harvard Medical Professor Secretly Impregnated Patient
A former professor at Harvard Medical School and founder of one of the nation’s largest fertility clinics is being accused of secretly impregnating a patient in 1980 after promising the sperm would come from an anonymous donor, according to a …
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