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21 09, 2021

H.W. Kaufman Group Acquires Chile-Based Prospect Brokers

By | September 21st, 2021|Uncategorized|Comments Off on H.W. Kaufman Group Acquires Chile-Based Prospect Brokers

U.S.-based specialty insurance corporation H.W. Kaufman Group announced its expansion into South America through the acquisition of Prospect Brokers Chile, based in Santiago, Chile. Financial details of the deal were not disclosed. As a result of the acquisition, Prospect Brokers …

21 09, 2021

Insurtech bolttech Extends Funding Round to $210M, Adding 2 New Investors

By | September 21st, 2021|Uncategorized|Comments Off on Insurtech bolttech Extends Funding Round to $210M, Adding 2 New Investors

Insurtech startup bolttech announced the extension of its recently announced US$180 million Series A funding round led by Activant Capital Group, bringing the series total to US$210 million. The funding round adds two new strategic investors: Singapore-based global investor EDBI …

21 09, 2021

Racial Discrimination Alleged at ABM Janitorial Services’ Maryland, Virginia Offices

By | September 21st, 2021|Uncategorized|Comments Off on Racial Discrimination Alleged at ABM Janitorial Services’ Maryland, Virginia Offices

The U.S. Department of Labor has filed an administrative complaint against ABM Janitorial Services after a compliance evaluation by the department’s Office of Federal Contract Compliance Programs alleged systematic racial discrimination against Black and a smaller number of white applicants …

21 09, 2021

Union Sues to Overturn Trump-Era Rule that Narrowed Definition of ‘Joint Employer’

By | September 21st, 2021|Uncategorized|Comments Off on Union Sues to Overturn Trump-Era Rule that Narrowed Definition of ‘Joint Employer’

The union behind the “Fight for $15” movement is suing to overturn a Trump-era rule that makes it harder to hold companies like McDonald’s Corp. and Amazon.com Inc. accountable for violations of franchised or sub-contracted workers’ rights. In a lawsuit …

21 09, 2021

Russia-Linked Ransomware Group Hits Iowa Grain Cooperative, Violating Biden Warning

By | September 21st, 2021|Uncategorized|Comments Off on Russia-Linked Ransomware Group Hits Iowa Grain Cooperative, Violating Biden Warning

After a furious run of ransomware attacks in the first half of the year, President Joe Biden in July warned his Russian counterpart, Vladimir Putin, that Russia-based hacking groups should steer clear of 16 critical sectors of the U.S. economy. …

21 09, 2021

MS Amlin AG Appoints Swiss Re’s Wiest as CEO, Stepping Into Role Vacated by Beazley

By | September 21st, 2021|Uncategorized|Comments Off on MS Amlin AG Appoints Swiss Re’s Wiest as CEO, Stepping Into Role Vacated by Beazley

Global reinsurer MS Amlin AG announced the appointment of Robert Wiest as chief executive officer. Wiest will take up the role on Jan. 3, 2022 and will be based in Zurich, Switzerland. He replaces Christopher Beazley who stepped down in …

21 09, 2021

Stanford Ponzi Scheme Recovery Tops $1 Billion With Help From Insurers

By | September 21st, 2021|Uncategorized|Comments Off on Stanford Ponzi Scheme Recovery Tops $1 Billion With Help From Insurers

A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford’s Ponzi scheme, the largest by dollar amount other than Bernard Madoff’s fraud, the receiver’s lawyers said on Monday. The threshold was crossed when Ralph …

21 09, 2021

National Transportation Safety Board Probes Deadly Tesla Crash in Florida

By | September 21st, 2021|Uncategorized|Comments Off on National Transportation Safety Board Probes Deadly Tesla Crash in Florida

The National Transportation Safety Board has opened an investigation into a crash of a Tesla Inc. vehicle, the second probe by the agency of a fatal accident involving the electric carmaker’s models in less than six months. Two people were …

21 09, 2021

Washington Commissioner Fines Aetna for Discriminating Against Transgender Women

By | September 21st, 2021|Uncategorized|Comments Off on Washington Commissioner Fines Aetna for Discriminating Against Transgender Women

Washington Insurance Commissioner Mike Kreidler this month fined Aetna Life Insurance Co. $25,000 for discriminating against policyholders who sought gender-affirming medical treatment. In June 2019, a Washington consumer filed a complaint with Kreidler’s office that Aetna, a health insurer, denied …

21 09, 2021

Brit Launches Machine Learning Algorithm to Accelerate Catastrophe Claims Response

By | September 21st, 2021|Uncategorized|Comments Off on Brit Launches Machine Learning Algorithm to Accelerate Catastrophe Claims Response

Brit Ltd., the London-based specialty insurer and reinsurer, announced the creation and successful proof-of-concept launch of a proprietary machine-learning algorithm, designed to accelerate the identification of post-catastrophe property damage, based on the use of ultra-high-resolution imagery. This proof of concept …