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Today's Headlines
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August 16, 2018 |
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At first glance, an insurance company's investment in a staffing company might seem, well, a little off-base. But according to principals at American Family Insurance and its staffing agency subsidiary, Moonrise, it's a symbiotic relationship that makes perfect sense because both entities are all about helping customers protect their financial well-being. Led by co-founder and... read more
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QBE North America will transfer its North America personal insurance policies sold through independent agents to Safeco Insurance, leaving the specialist insurer to focus on its core commercial businesses. read more
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Twelve more companies have joined The Institutes RiskBlock Alliance, which is billed as the risk management and insurance industry's first enterprise-level blockchain consortium. The membership level is now at 30 companies. read more
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Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc. read more
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U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T , accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account. read more
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An organized crime ring is likely to attempt a "large-scale theft" of cash from U.S. ATMs in coming days, a closely watched cyber-security website reported. read more
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Startup Slice Labs is bringing on a chief growth officer. AXIS Capital Holdings Ltd. appointed a former Partner Re executive to a newly-created executive position. An ex-Swiss Re executive is joining Sompo International Holdings as a cyber product executive focused on U.S. professional liability insurance. read more
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For the first time, Allstate Corp.'s Esurance has an on-camera spokesperson. The "straight-shooting and highly likable actor" Dennis Quaid has the job, according to the insurer, which sells auto, home, motorcycle and renters insurance to consumers directly via phone and online. read more
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