August 2, 2021
Coming Soon!
Mon, 02 Aug 2021 15:06:51 +0000
DoNotPay, a startup that describes itself as a robot lawyer striving to beat bureaucracy, has more than doubled its valuation to about $210 million, according to Chief Executive Officer Joshua Browder. The firm raised $10 million from Andreessen Horowi...
Mon, 02 Aug 2021 15:01:12 +0000
Plaintiffs filed 112 new securities class action lawsuits in federal and state courts in the first half of 2021, down 25% from the second half of 2020. This was the lowest number of filings since the first half of 2015, …
Mon, 02 Aug 2021 13:55:13 +0000
Heavy, continuous rain in parts of northern New England led to flash flooding, washed out roads and a few home rescues, authorities said. Police in Marlow, in southwestern New Hampshire, said four people and two animals were rescued Thursday night …
Mon, 02 Aug 2021 13:51:33 +0000
The National Weather Service has confirmed eight tornadoes in Pennsylvania and New Jersey during Thursday’s storm, including the EF-3 storm in eastern Pennsylvania and an EF-2 tornado that started in the Keystone State and then moved into the Garden St...
Mon, 02 Aug 2021 13:33:11 +0000
A Lynchburg judge has upheld most of a lawsuit Liberty University filed against its former leader, Jerry Falwell Jr., after an acrimonious parting last year. The lawsuit survived its first round of legal challenges Friday as Falwell’s attorneys argued ...
Mon, 02 Aug 2021 12:33:51 +0000
This edition of International People Moves covers appointments at three London-based brokers: Oneglobal, McGill and Partners, and Gallagher A summary of these new hires follows here. Oneglobal Broking, the London-based broker, announced the appointment...
Mon, 02 Aug 2021 12:17:47 +0000
BMS Re, the London-based independent reinsurance broker, announced the launch of BMS Re in Bermuda. Once necessary visa and regulatory requirements are met, Adam Mullan will be appointed as executive director. BMS Re’s launch in Bermuda is the latest s...
Mon, 02 Aug 2021 12:11:28 +0000
CNA Financial Corp. (CNA) announced second quarter 2021 net income of $368 million versus $151 million in the prior year quarter. The quarter saw improvement in the underlying combined ratio, very strong investment results and a lower level of catastro...
Mon, 02 Aug 2021 11:26:32 +0000
Insurance broker Aon Plc said on Friday it could have to expend up to $400 million in additional costs tied to the termination of its mega merger deal with Willis Towers Watson, over and above the $1 billion it was …
Mon, 02 Aug 2021 10:50:42 +0000
NFP, a New York City-based insurance broker and consultant, announced it has acquired Aiken Insurances Ltd. (AIL). Financial details of the deal were not disclosed. Dublin-based AIL is a retail and commercial insurance broker which has successfully ope...
Mon, 02 Aug 2021 10:29:37 +0000
AXA posted a 180% surge in first-half net income on Monday as the French insurer rebounded from a spike in pandemic-related claims that led to a 1.5 billion euro ($1.8 billion) charge last year. Europe’s second-largest insurer after Allianz said …
Mon, 02 Aug 2021 09:00:14 +0000
Florida reported 21,683 new cases of COVID-19, the state’s highest one-day total since the start of the pandemic, according to federal health data released Saturday, as its theme park resorts again started asking visitors to wear masks indoors. The sta...
Mon, 02 Aug 2021 08:55:31 +0000
Allianz SE said earnings could be materially hurt by a U.S. Justice Department investigation into its Structured Alpha Funds, which are at the center of lawsuits after they incurred steep losses at the start of the coronavirus pandemic. Europe’s largest …
Mon, 02 Aug 2021 07:45:26 +0000
BENGALURU – SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18 billion rupees ($809.36 million), joining a string of Indian startups that have tapped capital markets in recent months...
Mon, 02 Aug 2021 07:15:22 +0000
The Walt Disney Company has joined other large companies in requiring employees to get vaccinated against COVID-19. The company said in a statement Friday that it will be requiring all salaried and non-union hourly employees in the U.S. who work …
Mon, 02 Aug 2021 05:00:32 +0000
The Liberty Company Insurance Brokers has named Steve Wolfenberger vice president. He has 25 years of experience in the insurance industry, including developing his specialty in employee benefits. He was most recently with McGriff Insurance Services as...
Mon, 02 Aug 2021 05:00:11 +0000
An Illinois jury on Friday refused to hold Johnson & Johnson liable for a woman’s death from ovarian cancer, which her family blamed on decades of using its talc-based powders. Relatives of the late Elizabeth Driscoll had sought up to …
Mon, 02 Aug 2021 05:00:06 +0000
Zoom Video Communications Inc. agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming it violated users’ privacy rights by sharing personal data with Facebook, Google and LinkedIn, and letting hackers disrupt Zoom mee...
Fri, 30 Jul 2021 16:36:34 +0000
Oklahoma’s highest court recently found that an insurer’s uninsured motorist exclusion violates state law. The Oklahoma Supreme Court came to that conclusion in answering a certified question from the U.S. Court of Appeals for the Tenth Circuit about t...
Fri, 30 Jul 2021 16:31:47 +0000
A North Texas doctor will pay $376,368 in restitution after pleading guilty to mail fraud conspiracy in federal court, the Texas Department of Insurance, Division of Workers’ Compensation reported. Clinton Battle M.D. of Arlington pleaded guilty on Jul...
Fri, 30 Jul 2021 16:29:45 +0000
The family of a boy who was thrown off a third-floor balcony at the Mall of America in April 2019 has filed a lawsuit accusing the mall of failing to provide proper security. The complaint filed says the mall and …
Fri, 30 Jul 2021 16:27:17 +0000
Two lawsuits accusing an investigator in the state public defender’s office of sexual harassment have been settled. The Law Offices of the Public Defender agreed to pay $345,000 to resolve the lawsuits filed in 2019, the Albuquerque Journal reported. N...
Fri, 30 Jul 2021 16:21:46 +0000
Arthur J. Gallagher & Co. acquired Oakbrook, Illinois-based R.J. Riordan & Co. R.J. Riordan & Co. is a retail property/casualty broker offering a full range of insurance products and services to clients across the Chicago region. It specializes in serv...
Fri, 30 Jul 2021 16:20:14 +0000
A powerful earthquake which struck just off Alaska’s southern coast caused prolonged shaking and prompted tsunami warnings that sent people scrambling for shelters. Residents reported only minor damage, but officials said that could change after sunris...
Fri, 30 Jul 2021 16:18:12 +0000
Strong thunderstorms caused widespread damage across Wisconsin, left tens of thousands without power and triggered tornado warnings. The severe weather stretched from the Mississippi River to Lake Michigan and began in the evening on July 28 in northwe...
Fri, 30 Jul 2021 16:17:05 +0000
Three schoolteachers in Washington state who sued chemical company Monsanto over exposure to materials in fluorescent lights have been awarded $185 million. The law firm that represented the teachers, Friedman Rubin, said a jury returned the verdict in...
Fri, 30 Jul 2021 15:01:03 +0000
The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong return to profits after last year’s challenging market conditions. A wrap-up of these H1 results follows for Swiss Re, Everest …
Fri, 30 Jul 2021 13:47:11 +0000
Delaware environmental officials have issued a notice of violation to Mountaire Farms in Millsboro after a contractor damaged a pipeline and treated wastewater spilled into Swan Creek. The notice from the Department of Natural Resources and Environment...
Fri, 30 Jul 2021 13:44:01 +0000
The New York State Department of Financial Services (DFS) has issued a report analyzing New York domestic insurers’ management of the financial risks from climate change based on their 2020 responses to the National Association of Insurance Commissione...
Fri, 30 Jul 2021 13:37:39 +0000
The maker of the rifle used in the Sandy Hook Elementary School shooting has offered some of the victims’ families nearly $33 million to settle their lawsuit over how the company marketed the firearm to the public. Lawyers for now-bankrupt …