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News – Insurance Journal
Naspers Invests in Online Insurer Naked as Part of South African Investment Push
Naspers Ltd. is backing online insurance company Naked as part of a commitment to invest almost $100 million in tech startups in its home market of South Africa. The 120 million-rand ($8.4 million) stake makes Naspers the largest investor in …
POSTED AUGUST 05, 2021 8:40 AM |
London Is Struggling to Lure Back Workers, Says CEO of Legal & General
The head of one of the UK’s largest insurers and investors warned that the City of London is struggling far more than the country’s other office districts in luring workers back to their desks. Since lockdown restrictions were eased, other …
POSTED AUGUST 05, 2021 8:29 AM |
Georgia Sheriff Faces Additional Charge of Violating Civil Rights at Clayton County Jail
An Atlanta-area sheriff is facing an additional charge in a federal prosecution accusing him of violating the civil rights of people in his agency’s custody by ordering that they be strapped into a restraint chair without justification and as punishment. …
POSTED AUGUST 05, 2021 8:00 AM |
Two Louisiana Parishes May Be Eligible for Federal Aid From Tropical Storm Damage
Farmers in two south Louisiana parishes who lost property during extreme weather in April through June may be eligible for federal aid, Louisiana Agriculture and Forestry Commissioner Mike Strain said Tuesday. Physical-loss loans are available for farmers in St. Tammany …
POSTED AUGUST 05, 2021 7:40 AM |
While Aon and Willis Were Focused on Merger, Marsh Attracted Producer Talent
While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure away some of their producer talent – capitalizing on the “distraction and uncertainty” that existed for both brokers. Aon’s proposed …
POSTED AUGUST 05, 2021 6:42 AM |
Judge Says LinkedIn Must Face Lawsuit Claiming It Overcharged Advertisers
A U.S. judge said Microsoft Corp.’s LinkedIn must face a lawsuit claiming it inflated the number of people who watched video ads on the networking platform, allowing it to overcharge hundreds of thousands of advertisers. U.S. Magistrate Judge Susan van …
POSTED AUGUST 05, 2021 5:00 AM |
Atlantic Hurricane Forecast Still Calls for an Above-Average Season
Conditions remain in line for the current Atlantic hurricane season to be an above-average one, according to the mid-season update by NOAA’s Climate Prediction Center. NOAA says there is a 65% likelihood that the season will be above average. There …
POSTED AUGUST 05, 2021 1:07 AM |
Mexico Seeks $10 Billion in Damages in Liability Suit Against U.S. Gun Makers
Mexico sued several gun makers in a U.S. federal court on Wednesday, accusing them of reckless business practices that supply what it called a “torrent” of illegal arms to violent Mexican drug cartels, leading to thousands of deaths. The lawsuit …
POSTED AUGUST 05, 2021 12:20 AM |
reThought in Colorado Raises $15.5M in Series A Funds
Broomfield, Colo.–based managing general agent reThought Insurance announced the completion of a $15.5 million Series A investment round that will help fund its growth in the flood insurance market. Led by Telstra Ventures, the fundraising also includes participation from Hudson …
POSTED AUGUST 04, 2021 9:36 PM |
California Workers’ Comp Written Premium Down 13%, Report Shows
California workers’ compensation written premium for the first quarter of 2021 was 13% below that for the first quarter of 2020, according to a quarterly experience report issued on Wednesday by the Workers’ Compensation Insurance Rating Bureau of California. The …
POSTED AUGUST 04, 2021 6:13 PM |
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