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29 07, 2021

Alabama COVID Hospitalizations Soar

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The number of COVID-19 patients in Alabama hospitals Monday climbed to more than 900 _ a number the state has not seen since February _ as the state sees a surge in virus cases. There were 947 COVID-19 patients in …

29 07, 2021

British On-Demand Drone Insurer Flock Raises $17 Million in Funding

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British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya’s Social Capital, Flock said on Thursday. Flock started out insuring commercial drones, and added car and van fleets last year. It …

29 07, 2021

Howden Acquires Independent Italian Broker Andrea Scagliarini SpA

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Howden, the London-based insurance broker, announced an agreement to acquire Italian broker Andrea Scagliarini SpA. Financial details of the transaction were not disclosed. By establishing operations in Italy, Howden adds another market to its growing European platform, which enables it …

23 07, 2021

Insurtech bolttech Acquires i-surance to Help Accelerate Expansion Across Europe

By | July 23rd, 2021|Uncategorized|Comments Off on Insurtech bolttech Acquires i-surance to Help Accelerate Expansion Across Europe

Insurtech startup bolttech announced it has acquired i-surance, a next-generation B2B2C digital insurance platform based in Berlin. Financial details of the deal were not disclosed. The transaction is part of bolttech’s international expansion strategy and follows its recent Series A …

23 07, 2021

Ryan Specialty Rose 9% in NYSE Initial Offering, Valued at $6.5 Billion

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Shares of Ryan Specialty Group Holdings Inc rose 9% in their New York Stock Exchange Debut on Thursday, fetching a market capitalization of $6.5 billion for the insurance brokerage founded and led by industry veteran Patrick Ryan. The stock opened …

23 07, 2021

VW Investors Approve $339M Deal to Settle Diesel-Scandal Claims Against Former Execs

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FRANKFURT – Shareholders in Europe’s largest carmaker Volkswagen on Thursday approved a deal to settle claims against four former executives, including long-time CEO Martin Winterkorn, related to the company’s emissions scandal. The initial deal, which was announced last month and …

23 07, 2021

London Staff Want Big Pay Rises Before Returning to Their Desks Full-Time: Survey

By | July 23rd, 2021|Uncategorized|Comments Off on London Staff Want Big Pay Rises Before Returning to Their Desks Full-Time: Survey

London office workers want an average pay rise equivalent to the cost of some annual railway season tickets to return to their desks full-time after the pandemic, according to a survey. With COVID-19 restrictions leaving many offices empty, white-collar staff …

23 07, 2021

U.S. Lawsuit Opens ‘Giant Can of Worms’ in Amazon’s Battle Against Product Recalls

By | July 23rd, 2021|Uncategorized|Comments Off on U.S. Lawsuit Opens ‘Giant Can of Worms’ in Amazon’s Battle Against Product Recalls

A U.S. safety regulator’s decision last week to sue Amazon.com Inc. could bring clarity to a question that has long befuddled courts and state legislatures nationwide: Who is responsible when a product bought from the world’s largest online retailer hurts …

23 07, 2021

Flooding Damages Bridge on Russia’s Trans-Siberian Railway, Blocking Traffic

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MOSCOW – Flooding has damaged a bridge on Russia’s Trans-Siberian railway in its Far East, suspending traffic in the area, officials said on Friday, and President Vladimir Putin said full track repair would take five days. The world’s longest railway …

23 07, 2021

$65M Settlement Proposed in New York Polluted Water Lawsuit

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Plaintiffs in a federal class action lawsuit could get payments and medical monitoring as part of a proposed $65.25 million settlement with three companies over chemical contamination of the water supply in an upstate New York village. The Times Union …