Insurance Journal

Insify Raises €10 million Series A Extension Led By Munich Re

Insify, an insurtech for SMEs, has raised an additional €10 million, bringing its total Series A funding to €25 million. Munich Re Ventures led the extension round and was joined by existing investors including global venture fund Accel – who …

Posted: Jun 09, 2023

Connecticut Lawmakers Pass Wrong-Way Driver Bill

Connecticut lawmakers, still grieving the death of a fellow legislator killed in a wrong-way crash in January, have given final legislative approval to a bill that attempts to address the large increase in wrong- way crashes on the state’s road...

Posted: Jun 09, 2023

Most Nations Aiming for Net-Zero Fail to Meet Targets, Study Shows

A new scientific assessment of government commitments to eliminate greenhouse gas emissions found most lack credibility and would put the world on track to experience catastrophic global warming by the end of this century. About 90% of net-zero plans...

Posted: Jun 08, 2023

Hawaii’s Active Kilauea Begins Erupting After 3-Month Pause

Kilauea, one of the most active volcanoes in the world, began erupting on Wednesday after a three-month pause, displaying spectacular fountains of mesmerizing, glowing lava that’s a safe distance from people and structures in a national park on...

Posted: Jun 08, 2023

Black Workers at California Tesla Factory Allege Rampant Racism, Seek Class-Action Status

Tesla may face a class-action lawsuit after 240 Black factory workers in California described rampant racism and discrimination at the electric automaker’s San Francisco Bay Area plant, including frequent use of racial slurs and references to t...

Posted: Jun 08, 2023

How Excess Emissions Ballooned in Texas

In the early hours of Aug. 22, 2020, Hurricane Laura was still just a tropical storm off the coast of the Leeward Islands in the Caribbean. But effects from the monstrous storm, which would ultimately take at least 81 lives, …

Posted: Jun 08, 2023

Texas Children’s Hospital Faces $15K in Fine for Failing to Protect Employees After Assault by Patie...

The U.S. Department of Labor’s Occupational Safety and Health Administration determined that Texas Children’s Hospital in Houston, Texas exposed employees who worked with patients with behavioral health issues to physical threats and assa...

Posted: Jun 08, 2023

Michigan Wildfire Fully Contained

GRAYLING TOWNSHIP, Mich. (AP) – A Michigan wildfire that’s burned more than 3 square miles (7.7 square kilometers) amid hot, dry conditions is now fully contained, the state Department of Natural Resources said Tuesday. The Wilderness Tra...

Posted: Jun 08, 2023

New Lawsuit Filed After Iowa Building Collapse

DES MOINES, Iowa (AP) – A woman whose leg was amputated in order to free her from the rubble of the partially collapsed building in Davenport, Iowa, filed a lawsuit with her wife Wednesday, accusing the city and the building’s …

Posted: Jun 08, 2023

Russia-Linked Hackers Give Victims a Week to Open Ransom Negotiations

A Russian-speaking criminal cyber gang gave victims including British Airways and the BBC a week to start ransom negotiations after it exploited a vulnerability in an encrypted file-sharing software used by many high-profile firms. The hacker group,...

Posted: Jun 08, 2023

Insurer Group Reacts to California Department of Insurance Musing on Cat Modeling

Insurer groups may be seeing the light at the end of the tunnel with a hint of a possible change in a regulator’s attitude toward the use of catastrophe modeling in the California market for wildfire insurers. The California Department …

Posted: Jun 08, 2023

Insurer Groups React to California Department of Insurance Workshop on Cat Modeling

Insurer groups may be seeing the light at the end of the tunnel with a hint of a possible change in a regulator’s attitude toward the use of catastrophe modeling in the California market for wildfire insurers. The California Department …

Posted: Jun 08, 2023

EU’s Breton Demands Meta Act Against Online Content Targeting Children

EU industry chief Thierry Breton will meet Meta Platforms Chief Executive Mark Zuckerberg on June 23 and demand that he act immediately to tackle content targeting children, as Meta’s voluntary child protection code seemed not to be working. So...

Posted: Jun 08, 2023

Gun Advocates Quick to Sue Over Connecticut’s New Gun Safety Law

Connecticut Gov. Ned Lamont on Tuesday signed the most wide-ranging state gun control bill since a 2013 law passed in the aftermath of the Sandy Hook Elementary School shooting, sparking an immediate lawsuit by gun rights supporters seeking to block...

Posted: Jun 08, 2023

People Moves: AXA XL Names Guidée Reinsurance CEO as Bewlay Moves to Group CUO; McGill and Partners...

AXA XL said Renaud Guidée has been appointed as chief executive officer, Reinsurance, effective September 1. Guidée assumes the role from Nancy Bewlay, who has been appointed group chief underwriting officer. In this newly created role, Bewlay joins...

Posted: Jun 08, 2023

Barclays Sued by UK Banker Over Mental Health Harassment Allegations

Barclays Plc was sued by an ex-banker alleging harassment and discrimination exacerbated her mental health issues causing panic attacks and stress, eventually pushing her to quit the bank. Khilna Morjaria, an ex-vice president at Barclays Execution S...

Posted: Jun 08, 2023

People Moves: Resilience Promotes Pruzinsky to Global Head of Underwriting & Sales

Resilience has promoted CJ Pruzinsky to global head of underwriting & sales. Previously, he led the underwriting team from the launch of the company’s managing general agency. Pruzinsky will spearhead the introduction of the Resilience Solu...

Posted: Jun 08, 2023

Jack Daniel’s Gets Supreme Court Win in Fight Over Parody Dog Toy

The U.S. Supreme Court on Thursday gave a boost to Jack Daniel’s in its trademark dispute with a dog accessory company that sold a parody chew toy resembling the distiller’s widely recognized black-label whiskey bottle. The 9-0 decision a...

Posted: Jun 08, 2023

Coinbase CEO Hits Back at SEC Chair After Lawsuit, Says User Funds Are Safe

Coinbase Chief Executive Brian Armstrong on Wednesday hit back at U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler over the agency’s lawsuit against the crypto exchange, calling him an “outlier,” while also reassurin...

Posted: Jun 08, 2023

Supreme Court Rejects Bid to Limit Civil Rights Lawsuits

The U.S. Supreme Court on Thursday preserved the ability of people to sue for civil rights violations under an 1871 law as it rejected a bid to prevent an Indiana nursing home resident’s family from suing over his care at …

Posted: Jun 08, 2023

People Moves: Lockton Names Collison Head of New Memphis Office

Lockton, one of the world’s largest privately held insurance brokerage firms, has named Eric Collison, formerly with Liberty Mutual Insurance, as vice president and manager of Lockton’s Memphis office. Collison also worked with Kemmons Wi...

Posted: Jun 08, 2023

Sheriff: Florida Woman Who Fatally Shot Neighbor Was Not Standing Her Ground

A Florida woman accused of fatally shooting her neighbor last week in the violent culmination of what the sheriff described as a 21/2-year feud was arrested Tuesday, the Marion County Sheriff’s Office said. Susan Louise Lorincz, 58, who is whit...

Posted: Jun 08, 2023

Amazon Activist Terminated While Recovering from Work Injury, Union Says

A union organizer at Amazon who testified before a Senate committee has been terminated by the company, according to the Retail, Wholesale and Department Store Union. The union says Jennifer Bates is dealing with injuries she received while working a...

Posted: Jun 08, 2023

Surprise Golf Marriage of PGA and LIV Risks Antitrust Scrutiny

The PGA Tour and Saudi Arabia-backed challenger LIV Golf avoided calling their proposed partnership a merger. But their shock announcement is already raising serious concerns with US and European antitrust enforcers, according to people familiar with...

Posted: Jun 08, 2023

Boeing Accused in Lawsuit of Stealing Trade Secrets for NASA Rocket

Boeing was sued on Wednesday by a Colorado company that accused the aerospace giant of stealing trade secrets for NASA’s Space Launch System rocket, and then building components with “critical” safety flaws that could endanger astro...

Posted: Jun 08, 2023