News Archives - Insurance Journal

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20 12, 2024

Singapore’s bolttech, Valued at $2.1 Billion, Raises More Than $100 Million

By | December 20th, 2024|Uncategorized|Comments Off on Singapore’s bolttech, Valued at $2.1 Billion, Raises More Than $100 Million

Singapore-headquartered insurance technology firm bolttech has raised more than $100 million in its latest funding round, led by Dragon Fund of Mitsubishi UFJ Financial Group and fintech direct lender Liquidity Group, it said on Friday. The Series C funding round …

20 12, 2024

G-7 Considers Options to Harden Price Cap on Russian Oil

By | December 20th, 2024|Uncategorized|Comments Off on G-7 Considers Options to Harden Price Cap on Russian Oil

Group of Seven nations are exploring ways to toughen the price cap on Russian oil as they seek to better target Moscow’s ability to fund its war against Ukraine, according to people familiar with the matter. Options under consideration range …

20 12, 2024

People Moves: Chubb’s Westchester Announces New Head of Programs, COO

By | December 20th, 2024|Uncategorized|Comments Off on People Moves: Chubb’s Westchester Announces New Head of Programs, COO

Westchester, a Chubb Company and Chubb’s excess and surplus lines division, named Nick Gatt, previously chief operating officer (COO) for Westchester Programs, as head of Westchester Programs. Gatt will oversee strategy, underwriting and profitability. Gatt succeeds Franklin Sanders, who has …

20 12, 2024

Group Calls New Jersey’s Toxic Waste Dump Settlement ‘Woefully Inadequate’

By | December 20th, 2024|Uncategorized|Comments Off on Group Calls New Jersey’s Toxic Waste Dump Settlement ‘Woefully Inadequate’

Years of toxic waste dumping in a Jersey Shore community where childhood cancer rates rose caused at least $1 billion in damage to natural resources, according to an environmental group trying to overturn a settlement between New Jersey and the …

20 12, 2024

Self-Proclaimed Bitcoin Inventor Found in Contempt of Court After Lawsuit Loss

By | December 20th, 2024|Uncategorized|Comments Off on Self-Proclaimed Bitcoin Inventor Found in Contempt of Court After Lawsuit Loss

A computer scientist who falsely claims to be the inventor of Bitcoin was handed a suspended prison termafter being found in contemptof court by a London judge after a stinging lawsuit loss. The Cryptocurrency Open Patent Alliance, a nonprofit cryptocurrency …

20 12, 2024

Palm Beach Revolt Forces Sylvester Stallone to Abandon Mansion Sea Barrier

By | December 20th, 2024|Uncategorized|Comments Off on Palm Beach Revolt Forces Sylvester Stallone to Abandon Mansion Sea Barrier

In his movies, Sylvester Stallone has taken on drug cartels, Soviet troops and boxer Apollo Creed. But in real life, he had to beat a retreat against the Palm Beach Town Council. The movie star appeared Thursday before the council …

20 12, 2024

Ships Canceled, Smelter Hit As Mozambique Braces for More Post-Election Disruption

By | December 20th, 2024|Uncategorized|Comments Off on Ships Canceled, Smelter Hit As Mozambique Braces for More Post-Election Disruption

Post-election protests rocking Mozambique since late October have interrupted trade and hampered a major aluminum smelter, with the southeast African nation braced for more disruption next week. The Constitutional Council is set to validate the disputed vote by Dec. 23 …

20 12, 2024

Cleveland Clinic Plans New Hospital, Larger Outpatient Center in South Florida

By | December 20th, 2024|Uncategorized|Comments Off on Cleveland Clinic Plans New Hospital, Larger Outpatient Center in South Florida

The Cleveland Clinic, a health care system with hospitals and clinics around the world, said it plans to build a 150-bed hospital in the Palm Beach area and will quadruple the size of an outpatient clinic there. Cleveland has operated …

20 12, 2024

Safeco to Stop Writing New Condo and Renter Policies in California

By | December 20th, 2024|Uncategorized|Comments Off on Safeco to Stop Writing New Condo and Renter Policies in California

It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental …

20 12, 2024

Liberty Mutual Weighs Sale of Thailand, Vietnam Assets

By | December 20th, 2024|Uncategorized|Comments Off on Liberty Mutual Weighs Sale of Thailand, Vietnam Assets

Liberty Mutual Holding Co. is considering a sale of its businesses in Thailand and Vietnam as the US insurer seeks to streamline its operations, according to people familiar with the matter. Liberty Mutual is working with a financial adviser on …