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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 …

POSTED FEBRUARY 22, 2019 9:34 AM
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, …

POSTED FEBRUARY 22, 2019 9:07 AM
UK Prime Minister to 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 …

POSTED FEBRUARY 22, 2019 7:42 AM
U.S. Wants Regional Response Teams for Oil Train Wreck
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 …

POSTED FEBRUARY 22, 2019 6:00 AM
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 …

POSTED FEBRUARY 22, 2019 6:00 AM
Heavy Rains Cause Flash Flooding, Mudslide in Deep South
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 …

POSTED FEBRUARY 22, 2019 5:36 AM
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 …

POSTED FEBRUARY 22, 2019 5:31 AM
Supreme Court Declines to Revive Wrongful Death Suit Over Mississippi Police Shooting
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 …

POSTED FEBRUARY 22, 2019 5:27 AM
Lotter Joins Policy Administration Systems Provider, Instec, in Illinois
Naperville, Illinois-based Instec, a provider of policy administration systems to insurance program and specialty markets, has hired CJ Lotter as senior solution architect. He joins Instec’s engagement management team responsible for overseeing the implementation of Instec’s policy, underwriting and billing …

POSTED FEBRUARY 21, 2019 5:44 PM
Florida Woman Arrested in $68K Hurricane Irma Scam
A Florida woman has been arrested for alleged unlicensed practice of public adjusting and grand theft related to Hurricane Irma, according to a statement from the Florida Department of Financial Services. Mary Bruce is accused of attempting to steal more …

POSTED FEBRUARY 21, 2019 5:40 PM

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