News Archives - Insurance Journal

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14 02, 2023

WV House Approves $105M for Gates-backed Green Energy Battery Plant

By | February 14th, 2023|Uncategorized|Comments Off on WV House Approves $105M for Gates-backed Green Energy Battery Plant

Lawmakers in West Virginia’s House of Delegates on Friday greenlit an investment of $105 million in taxpayer dollars to support a Bill Gates-backed company that is building a renewable energy battery plant in the state’s Northern Panhandle. The bill now …

14 02, 2023

BMS Acquires Spanish Broker Viafina, a Surety Insurance Specialist

By | February 14th, 2023|Uncategorized|Comments Off on BMS Acquires Spanish Broker Viafina, a Surety Insurance Specialist

BMS, the London-based independent specialty re/insurance broker, announced that BMS Iberia has signed a deal to acquire Seguros Viafina (Viafina), the Spanish specialty insurance and reinsurance broker. The acquisition is set to complete in February 2023, with BMS acquiring Viafina …

14 02, 2023

Markets/Coverages: Apollo Launches Drone Insurance Facility in Partnership With Moonrock

By | February 14th, 2023|Uncategorized|Comments Off on Markets/Coverages: Apollo Launches Drone Insurance Facility in Partnership With Moonrock

Apollo, the London-based independent specialist insurer and reinsurer, is providing capacity to Moonrock Drone Insurance, designed to provide coverage for larger commercial drone operations, meeting an increased demand in the market. Moonrock was founded in 2016 by Simon Ritterband, who …

14 02, 2023

Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth

By | February 14th, 2023|Uncategorized|Comments Off on Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth

OpenEyes, an insurtech serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC, which led the seed round together with Pitango …

14 02, 2023

Jury Awards Former Philadelphia Eagles Player $43.5M in Medical Malpractice Case

By | February 14th, 2023|Uncategorized|Comments Off on Jury Awards Former Philadelphia Eagles Player $43.5M in Medical Malpractice Case

A Philadelphia jury yesterday awarded former Philadelphia Eagles team captain Christopher Maragos $43.5 million in damages in a case of medical malpractice over a knee injury that ended his National Football League career in 2019. The civil case revolved around …

14 02, 2023

Man Mauled by Sheriff’s K-9 in California to Get $1.3M

By | February 14th, 2023|Uncategorized|Comments Off on Man Mauled by Sheriff’s K-9 in California to Get $1.3M

Sonoma County will pay $1.35 million to settle a civil rights lawsuit brought by a man who was mauled by a sheriff’s K-9 three years ago. Sheriff’s deputies used a stun gun on Jason Anglero-Wyrick and then unleashed a police …

14 02, 2023

Georgia Committee Approves Higher Weight Limits for Trucks, Raising Safety Concerns

By | February 14th, 2023|Uncategorized|Comments Off on Georgia Committee Approves Higher Weight Limits for Trucks, Raising Safety Concerns

A bill that would significantly raise the weight limit for trucks on Georgia highways appears to be gaining steam after it was approved by a state House committee. The House Transportation Committee voted 18-11 to raise the maximum gross vehicle …

14 02, 2023

Coalition Cyber Insurance Now Offered to Large Enterprises With Revenue Up to $5B

By | February 14th, 2023|Uncategorized|Comments Off on Coalition Cyber Insurance Now Offered to Large Enterprises With Revenue Up to $5B

Coalition announced it has expanded its cybersecurity insurance offering to enterprise businesses with revenues up to $5 billion. The company’s increased capacity above its existing limit of $1 billion comes from a syndicated placement across many of its existing partners. …

14 02, 2023

Department of Labor Withdrawing Proposal to Revoke Approval of Arizona’s OSHA Plan

By | February 14th, 2023|Uncategorized|Comments Off on Department of Labor Withdrawing Proposal to Revoke Approval of Arizona’s OSHA Plan

The U.S. Department of Labor today announced that its Occupational Safety and Health Administration plans to withdraw a proposal to reconsider and revoke final approval of Arizona’s for occupational safety and health. By withdrawing the proposal, this will leave the …

14 02, 2023

Ransomware Attacks on Industrial Firms Increased by 87% in 2022

By | February 14th, 2023|Uncategorized|Comments Off on Ransomware Attacks on Industrial Firms Increased by 87% in 2022

Ransomware attacks against industrial organizations increased by 87% in 2022 from the year before, with most malicious software targeting the manufacturing sector, according to findings published Tuesday. Hackers last year targeted mining industries in Australia and New Zealand, and continued …