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15 05, 2020

Cyber Underwriting Firm Envelop Risk Raises $6 Million in Funding

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Envelop Risk, the UK cyber underwriting and risk analytics business, announced a Series A investment of approximately $6 million. The funding round was led by artificial intelligence specialist investor Alpha Intelligence Capital (AIC), with additional support from existing investors including …

15 05, 2020

Few Coronavirus Liability Lawsuits Have Been Filed Thus Far

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Businesses are urging U.S. lawmakers to shield companies from what they fear could be a flood of lawsuits by workers and consumers blaming employers for exposing them to the new coronavirus. But so far, court records show few such cases …

15 05, 2020

Study Finds State, Local Measures Have Reduced Coronavirus Cases by 34 Million

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A new report titled, “Strong Social Distancing Measures in the United States Reduced the COVID-19 Growth Rate” finds that steps taken to reduce the spread of corononavirus by state and local governments have had a major impact. The results imply …

15 05, 2020

U.S. Issues Maritime Advisory on Sanctions for Ship Owners, Insurers

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WASHINGTON/LONDON (Reuters) – The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and senior State Department official said they were modified following months of discussions with …

15 05, 2020

California Music Venues Sue Insurer over Business Interruption Related to COVID-19

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San Francisco Bay Area-based music venue Ivy Room has filed a class action lawsuit on behalf of California-based music venues against a major insurance provider, saying the venues were wrongfully denied coverage for losses resulting from public health shutdowns related …

15 05, 2020

Wolf Administration Warns Pennsylvania Businesses Defying Shutdown Order

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The administration of Pennsylvania Governor Tom Wolf issued a warning Monday to businesses that choose to open in defiance of the pandemic shutdown, saying they could be jeopardizing their insurance coverage. With several counties in open rebellion against Wolf’s restrictions …

15 05, 2020

Increased Seismic Activity in Hawaii Not Considered A Danger

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An increase in seismic activity around the youngest Hawaii volcano poses no immediate danger to the Big Island, geologists said. The U.S. Geological Survey Hawaiian Volcano Observatory said more than 100 earthquakes were detected around Loihi Seamount between Monday and …

15 05, 2020

UK Regulator Announces Pandemic Relief Measures for Insurance Customers

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The Financial Conduct Authority (FCA) announced a set of measures to help insurance customers who may be suffering financial difficulties as a result of coronavirus pandemic. The measures include premium reductions, discounts, waiving fees and premium payment deferrals. FCA explained …

15 05, 2020

Walt Disney, Unions Agree on Coronavirus Worker Safeguards for Reopening Parks

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Walt Disney Co. and unions representing workers at Florida’s Walt Disney World have reached an agreement on safeguards to protect employees from coronavirus, a union statement said on Thursday, removing one of the company’s hurdles to reopening its popular theme …

15 05, 2020

CorRisk Solutions Hires DeFelice to Lead Its A&E Professional Liability Team

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Melville, New York-based managing general underwriter CorRisk Solutions has hired Christine DeFelice to lead its architects and engineers (A&E) professional liability team. DeFelice is based in CorRisk’s New York City office and will report to Maria V. Amelio, chief underwriting …