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News – Insurance Journal
Insurtech Reask Gets Funding to Deliver Next-Generation Natural Disaster Modeling
Insurtech Reask, an Australian science and technology company that focuses on natural hazard modeling, announced it has closed its seed funding round, led by Tencent, the global technology giant headquartered in China. The funding will support the next stage of …
POSTED JANUARY 20, 2022 10:09 AM |
UK Insurtech Zego Expands in Europe, Targeting £20B Fleet Insurance Market
Commercial motor insurer Zego announced a European expansion plan by launching in the Netherlands, ramping up operations in France, and identifying other target territories during 2022. The company, which became the UK’s first insurtech unicorn last year, will target the …
POSTED JANUARY 20, 2022 9:21 AM |
Cyber MGA Resilience Becomes Lloyd’s Coverholder
Resilience, the San Francisco-based cyber managing general agent, announced it has earned delegated authority as a coverholder at Lloyd’s. As a Lloyd’s coverholder, Resilience will be positioned to deliver its comprehensive cyber risk management and insurance solutions to the worldwide …
POSTED JANUARY 20, 2022 8:43 AM |
Houston Oil and Gas Exploration Companies to Settle $54,500 Disability Claim
Two oil and gas exploration companies — Vantage Energy Services, Inc. and Vantage International Management Company Pte. Ltd. — will pay $54,500 and provide training to its managers and human resources staff to resolve a disability discrimination lawsuit filed by …
POSTED JANUARY 20, 2022 8:28 AM |
Wisconsin Senior Apartment Building Fire Kills 3
Three people have died as a result of a fire at a senior apartment building in southeastern Wisconsin that also injured several others, officials said. Kenosha Fire Chief Christopher Bigley said in a statement Tuesday the entire building was filled …
POSTED JANUARY 20, 2022 8:22 AM |
Investors Cannot Sue German Regulator for Wirecard Collapse, Court Rules
Investors who lost money from investing in Wirecard AG shares can’t make Germany’s financial regulator Bafin compensate them, a Frankfurt court ruled. The tribunal on Wednesday threw out four suits by shareholders who claimed they lost between 3,000 euros ($3,404) …
POSTED JANUARY 20, 2022 8:17 AM |
UK Financial Watchdog to Curb Marketing of Cryptoassets, Other High-Risk Investments
Britain’s financial watchdog said on Wednesday it planned to curb the marketing of cryptoassets and other high-risk investments, a move that comes amid a boom in crypto ads and endorsements from celebrities. The changes would strengthen risk warnings on ads …
POSTED JANUARY 20, 2022 6:30 AM |
Florida OIR To Hold Hearings Friday on Big Rate Increases for Three Carriers
Florida regulators will hold hearings Friday, Jan. 21, on another round of hefty rate hikes requested by property insurers – potentially more bad news for homeowners struggling with higher premiums and reduced coverage in Florida’s distressed market. Southern Fidelity Insurance …
POSTED JANUARY 20, 2022 6:04 AM |
Criminal Indictments Are Major — But Not Only— Tool of U.S. Cyber Defense Agencies
The FBI and other federal agencies are increasingly looking to counter cyber threats through tools other than criminal indictments, the head of the bureau’s cyber division said in an interview with The Associated Press. Arrests and indictments of foreign cybercriminals …
POSTED JANUARY 20, 2022 6:00 AM |
Former New York Post Editor Alleges Harassment, Retaliation
A New York Post editor whose departure was announced Tuesday alleged she was fired two months after revealing to an executive that former editor Col Allan had sexually harassed her. The Post said any suggestion of wrongdoing related to Editor-in-Chief …
POSTED JANUARY 20, 2022 6:00 AM |
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