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Wells Fargo to Pay $3B to U.S. to Settle Fake Accounts Scandal

Wells Fargo & Co. has agreed to pay $3 billion to resolve criminal and civil probes into fraudulent sales practices
Source: Insurance Journal

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Brazil’s Vale Knew Deadly Tailings Dam Was Unsafe as Far Back as 2003: Report

An independent investigation requested by Brazilian iron ore miner Vale SA into the causes of the Brumadinho tailings dam disaster
Source: Insurance Journal

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Buffett Says Combs Likely to Head GEICO Only Temporarily

Warren Buffett doesn’t expect Todd Combs, one of his two key investing deputies, to be at auto insurer Geico long.
Source: Insurance Journal

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Aon Names Andersen President, While Former Co-President O’Connor Exits

Aon plc named Eric Andersen as president of Aon, reporting to Greg Case, the firm’s CEO. Since May 2018, Andersen
Source: Insurance Journal

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Berkshire Hathaway P/C Insurance Profit Down in 2019

Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019
Source: Insurance Journal

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Insurtech Startup Blackboard Insurance Receives Approval in Virginia

Blackboard Insurance has announced the approval of its commercial insurance package in Virginia, bringing capabilities to middle market customers in
Source: Insurance Journal

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Man Arrested in Series of Burlington Fires Causing About $74K in Damage

Police in Vermont’s largest city have arrested a man accused of setting a series of fires that caused about $74,000
Source: Insurance Journal

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Vermont Reaches Settlement with Nursing Homes After Fatality

Vermont’s attorney general announced a settlement with three of the state’s nursing homes over allegations of neglect that resulted in
Source: Insurance Journal

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Federal Judge Dismisses Lawsuit Involving Firefighter Deaths in Delaware

A federal judge has dismissed a lawsuit against Delaware’s largest city involving deaths and injuries of firefighters who responded to
Source: Insurance Journal

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Saudi Arabia’s Regulator Plans to Raise Capital Requirements for Insurers

Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom’s overcrowded insurance sector, its central
Source: Insurance Journal

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