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He Saved the Chocolates But Lost His Workers’ Compensation Insurance

Article 0 Comments An employee who was injured when rescuing chocolate candies from the heat in his employer-owned delivery truck is not due workers’ compensation benefits. The Virginia Workers’ Compensation Commission (WCC) upheld a deputy commissioner’s denial of benefits, agreeing that Ronald Mark was not in the course of his employment as required by the law when he injured his knee while bringing chocolates into his home refrigerator from the truck parked in his driveway to keep them from melting over the hot weekend. While he regularly kept the truck at his home filled with coffee and snacks to be delivered the next day, his employer never asked and did not know about his sometimes bringing products from the truck into his home for safe keeping. On Friday, September 15, 2023, after he made his last delivery for that day, Mark drove to the warehouse of his employer, Compass Group, and loaded goods for delivery on the following Monday. When he got home, he parked in his driveway. He admitted to having a couple of beers before the accident but denied being intoxicated. Since the temperature was predicted to be warm that weekend, he decided to remove the chocolate candy...

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Offer Fee-Based Advice at the Worksite: Wealthramp

The mechanics: Wealthramp describes itself in regulatory filings as a firm that earns referral fees by generating leads for financial planners, not as a firm that provides investment advice or manages investment assets itself. The advisors can help clients with tasks such as divorce financial planning, education planning and special needs planning, as well as with retirement asset rollovers and retirement income planning. Credit: Adobe Stock

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Longevity Tech Keeps Conversations Flowing, Life Brokerage CEO Says

But access to the Grail cancer screening test, for example, “seems to resonate well,” even when clients hear about potential drawbacks, and life insurers have been showing their approval by expanding the test access programs, Druvenga said. Credit: PopTika/Shutterstock

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A 9th Telecom Firm Hit by Massive Chinese Espionage Campaign, Says White House

Article 0 Comments A ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans, a top White House official said Dec. 27. Biden administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But deputy national security adviser Anne Neuberger told reporters Dec. 27 that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. The update from Neuberger is the latest development in a massive hacking operation that has alarmed national security officials, exposed cybersecurity vulnerabilities in the private sector and laid bare China’s hacking sophistication. The hackers compromised the networks of telecommunications companies to obtain customer call records and gain access to the private communications of what officials have said is a a limited number of individuals. Though the FBI has not publicly identified any of the victims, officials believe senior U.S. government officials and prominent political figures are...

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Ed Yardeni Sees ‘a Lot of Upside’ in U.S. Stocks

Yardeni considers the United States the world’s most investable market, citing, among other strong points, resilient U.S. consumers and capital spending that hasn’t been interest-rate sensitive. Image: Bloomberg

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Arthur J. Gallagher & Co. Acquires California’s BMR Insurance

Article 0 Comments Arthur J. Gallagher & Co. announced the acquisition of Tustin, California-based Murray Gardner Insurance Agency Inc., dba BMR Insurance. Terms of the transaction were not disclosed. BMR Insurance is a retail insurance agency serving commercial and personal lines clients primarily across Southern California. Gary Arch and his team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations. Topics California Mergers & Acquisitions A.J. Gallagher Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable. Please tell us what you liked about it. Submit No Thanks Here are more articles you may enjoy. Interested in Mergers? Get automatic alerts for this topic.

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Inflation Spells Significant 2025 Tax Adjustments

The bottom line from a planning perspective? “Talk to a tax professional,” the firm’s analysis concludes. “Many taxpayers will be affected by these changes in 2025 and beyond, so it’s important to be aware of these adjustments in order to plan ahead.” Credit: Shutterstock

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How Advisors Can Protect Clients From Instant Payment Fraud

A few ways that clients can increase their security include: Using two-factor authentication at login, like entering a passcode from a text in all financial applications that offer it. Being cautious when reacting to unsolicited requests for money or information.  Using a password-keeper application to ensure the highest levels of security.  A few ways that RIAs can increase security within their organizations include: Bring visibility to the state of fraud through educational materials or lunch and learns.  Work with their bank to require dual approval at the company to release funds. Set up independent processes that establish trust, like appointing individuals to fraud prevention teams so they can work together to approve payments and flag irregular behavior. Working alongside their custodian and clearing firms, advisors can provide critical information about clients’ preferences to improve pattern detection and help limit the potential for fraudulent activity. If an advisor offers banking and lending services through a bank partner, they should feel empowered to speak with their bank and learn about the securities in place to protect their clients or businesses.

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Pittsburgh Regional Transit Dealing With Ransomware Attack

Article 0 Comments Pittsburgh Regional Transit (PRT) has reported it is responding to a ransomware attack that was first detected on December 19, a day when the rail service experienced temporary disruptions. Upon discovering the incident, PRT said it immediately launched an investigation, activated its cyber response team, notified law enforcement, and engaged third-party cybersecurity and data forensics experts. On December 23, it notified the public that the teams are working to determine if any information has been compromised. Transit services are currently operating as normal. However, some other rider services remain negatively impacted, including PRT’s Customer Service Center, which is temporarily unable to accept or process Senior and Kid’s ConnectCards. Topics Cyber Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable. Please tell us what you liked about it. Submit No Thanks Here are more articles you may enjoy. Interested in Cyber? Get automatic alerts for this topic.