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Reuters: Top News

Canada says black boxes from Iran crash should be sent to France Canadian Prime Minister Justin Trudeau on Friday urged Iran to send the flight and cockpit data recorders from a crashed jet to France for analysis and said the first remains of victims should soon arrive back in Canada. POSTED JANUARY 17, 2020 12:29 PM

U.S. State Department to determine if Yovanovitch was under threat: Pompeo The U.S. State Department will do everything it needs to do to determine if former U.S. ambassador Marie Yovanovitch was under threat in Ukraine, Secretary of State Mike Pompeo said in a radio interview on Friday. POSTED JANUARY 17, 2020 12:27 PM

Trump adds legal heavyweights Starr, Dershowitz to impeachment team President Donald Trump turned to some legal heavyweights to help defend him in his Senate impeachment trial with the addition on Friday of former independent counsel Ken Starr, who paved the way for former President Bill Clinton's 1998 impeachment, and prominent lawyer Alan Dershowitz. POSTED JANUARY 17, 2020 12:27 PM

Explainer: How close is Iran to producing a nuclear bomb? The central achievement of the Iran nuclear deal - keeping Tehran at arm's length from nuclear weapons - is eroding. POSTED JANUARY 17, 2020 12:21 PM

U.S. housing starts at 13-year high, factory output gains U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record. POSTED JANUARY 17, 2020 12:18 PM

Wall St at record levels after strong U.S., China data U.S. stock indexes nudged higher to fresh record levels on Friday after strong housing data and indications of resilience in the Chinese economy raised hopes of a rebound in global growth. POSTED JANUARY 17, 2020 12:17 PM

After India's Amazon snub, Modi's party slams Bezos-owned Washington Post Indian Prime Minister Narendra Modi's ruling party on Friday slammed editorial policies of billionaire Jeff Bezos-owned Washington Post, even as his e-commerce firm Amazon announced plans to create a million jobs in the country by 2025. POSTED JANUARY 17, 2020 12:15 PM

Factbox: Trump impeachment - What happens next? Jan 17 (Reuters) - The White House on Friday named members of U.S. President Trump's defense team for his impeachment trial, which will begin in earnest next week. POSTED JANUARY 17, 2020 12:11 PM

U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate 500,000 Tesla Inc vehicles over sudden unintended acceleration reports. POSTED JANUARY 17, 2020 12:10 PM

Iran's Khamenei stands by Guards after unrest over downed plane Iran's supreme leader threw his support behind the elite Revolutionary Guards in a rare sermon on Friday after their belated admission that they had accidentally downed an airliner triggered days of protests on the streets. POSTED JANUARY 17, 2020 12:08 PM

News – Insurance Journal

Hurricane Dorian’s Bahamas Storm Toll: $3.4 Billion in Damages, 3 Years of Rebuilding The Bahamas may need to tap international debt markets as it confronts the steep cost of recovering from the most destructive hurricane ever to hit the islands. The government will probably borrow about $500 million in coming months as it … POSTED JANUARY 17, 2020 5:02 PM

California Lawmaker Wants Probe of PG&E’s Chief Regulator A state lawmaker is demanding an extensive review of the California Public Utilities Commission to determine whether regulators’ lax oversight enabled neglect at Pacific Gas & Electric that triggered catastrophic wildfires, a messy bankruptcy and exasperating blackouts. The request by … POSTED JANUARY 17, 2020 4:40 PM

California Sleep Apnea Company Pays $37.5M to Settle Kickback Lawsuits ResMed, a San Diego, Calif.-based company that sells sleep apnea machines, will pay $37.5 million to settle allegations that it provided kickbacks to obtain customer referrals, federal prosecutors announced this week. The settlement covers five whistleblower lawsuits filed on behalf … POSTED JANUARY 17, 2020 4:36 PM

Forex Firm Travelex Resumes Customer-Facing Operations After Ransomware Attack More than two weeks after a crippling ransomware attack forced Travelex staff to use pen and paper to calculate foreign currency exchanges, the company said the first of its customer-facing systems in Britain was up and running again. The cyber … POSTED JANUARY 17, 2020 4:24 PM

USG Adds Aguilar as a Producer in Arizona USG Insurance Services Inc. has named Jay Aguilar a producer/broker in commercial lines in the Scottsdale, Ariz. office. Aguilar will work to expand USG’s Southwestern territory. Aguilar has 23 years of insurance industry experience, most recently at Agents Alliance Services. … POSTED JANUARY 17, 2020 4:18 PM

MGA Incubator Castel Taps Carlos from Arch Insurance as Head of Specialty Castel Underwriting Agencies Ltd., the managing general agent and club-style MGA formation platform, has announced the appointment of Raoul Carlos as head of Specialty as it structures its underwriting cells and MGAs into a number of centres of excellence focused … POSTED JANUARY 17, 2020 3:26 PM

Three Massachusetts Workers Shocked When Scaffolding Touches Power Line Three people were injured, one critically, on Tuesday when scaffolding they were working with at a Massachusetts home came in contact with power lines, police said. Beverly police responded to a report that two workers had fallen from the roof … POSTED JANUARY 17, 2020 3:06 PM

SterlingRisk Insurance Promotes DelPrete to President of Programs SterlingRisk Insurance, a Woodbury, N.Y.-based independently owned insurance brokerage, has promoted Geraldine DelPrete to president of Programs. According to SterlingRisk CEO David Sterling in a company press release, DelPrete’s background in reinsurance and underwriting and understanding of programs has directly … POSTED JANUARY 17, 2020 3:04 PM

Boeing Employees’ Emails on Pilot Training Could Boost Crash Victim Claims Internal emails from Boeing Co. employees could strengthen the legal case for families claiming the company’s push to minimize the training needed for new 737 Max aircraft contributed to two crashes that killed 346 people. Employees bragged about fooling the … POSTED JANUARY 17, 2020 2:45 PM

Aon’s Quintal Jumps to Marsh’s Financial Institutions Practice Insurance broker Marsh announced the appointment of Jacqueline Quintal as a managing director in its U.S. Financial Institutions Practice. In this role, Quintal will bring together transactional and risk advisory brokerage, claims, and consulting resources for financial institution clients throughout … POSTED JANUARY 17, 2020 2:39 PM

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