Massachusetts Police Warn of Social Media Scams After Record Powerball Win

Police in Massachusetts are warning of fake social media accounts that have popped up after a woman won the $758.7 million Powerball jackpot. Chicopee police say fake accounts are being created on Twitter, Facebook and Instagram stating that they are …

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Connecticut Reminds Policyholders to Be Prepared This Storm Season

Connecticut Insurance Commissioner Katharine L. Wade is reminding policyholders to review their homeowners insurance and understand their coverage as the 2017 Atlantic tropical storm season heads into its busiest time. The storm season traditionally runs from June 1 through November …

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Police Say Two Workers Killed By Toxic Fumes At Pennsylvania Power Plant

State police say two contractors died after inhaling toxic fumes that also injured several other workers in an underground pit at a western Pennsylvania power plant. Police said the Enerfab Corp. workers were in a “confined, well-type” area at the …

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Judge Throws Out Obama Rule Hiking Overtime Pay

A federal judge in Texas on Thursday struck down an Obama administration rule that would have extended mandatory overtime pay to more than 4 million U.S. workers, siding with business groups and 21 states that had challenged it. The decision …

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Sompo Canopius to Be Acquired by Private Equity Consortium, Led by Centerbridge

Zurich-based Sompo Canopius AG announced it will be acquired by a private equity consortium led by Centerbridge Partners, L.P., which includes the private investment firm Gallatin Point Capital LLC. On completion of the purchase from Sompo Japan Nipponkoa Insurance, Canopius …

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Japan Government Plans to Sell Shares in Bancassurer Japan Post

Japan’s government plans to sell shares in Japan Post Holdings Co. as soon as this month, the first sale since the company’s massive 2015 listing, a government source familiar with the deal said on Friday. The finance ministry will meet …

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Warburg Pincus Makes Majority Investment in Canada’s SCM Insurance

Private equity firm Warburg Pincus made a majority investment in SCM Insurance Services, the privately owned Canadian insurance services provider said on Thursday. SCM did not disclose financial terms but said the investment would help grow its business in Canada …

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