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3 06, 2021

Kin Insurance Funding Tops $69 Million as Pro Golfer McIlroy Joins Investors

By | June 3rd, 2021|Uncategorized|Comments Off on Kin Insurance Funding Tops $69 Million as Pro Golfer McIlroy Joins Investors

A few weeks after a report that it is in talks to go public, home insurance startup Kin announced its newest funding from Symphony Ventures, an investment partnership established by professional golfer Rory McIlroy and his team. Joining Symphony Ventures …

3 06, 2021

U.S. Insurers Lag Euro Counterparts in Climate Rating Report

By | June 3rd, 2021|Uncategorized|Comments Off on U.S. Insurers Lag Euro Counterparts in Climate Rating Report

Legislation to provide farmers with tools to help New York efforts to mitigate the impacts of climate change is making its way through state Legislature. The Soil Health and Climate Resiliency Act passed the Assembly unanimously last week, and was …

3 06, 2021

California City Paying $900K to Elderly Woman in Crash with Fire Engine

By | June 3rd, 2021|Uncategorized|Comments Off on California City Paying $900K to Elderly Woman in Crash with Fire Engine

San Diego, Calif., will pay $900,000 to an 82-year-old woman whose foot and ankle were crushed when her car collided with a city fire engine that sped through a red light while heading to an emergency in 2018, a newspaper …

3 06, 2021

Illinois Court: Insurer Has ‘Duty to Defend’ in Biometric Information Privacy Case

By | June 3rd, 2021|Uncategorized|Comments Off on Illinois Court: Insurer Has ‘Duty to Defend’ in Biometric Information Privacy Case

The Illinois Supreme Court recently sided with a policyholder seeking defense from its insurer for a lawsuit brought by a customer of a tanning salon alleging the insured unlawfully disclosed the customer’s biometric information to a third party. In the …

2 06, 2021

Allstate to Acquire Insurer SafeAuto to Merge Into National General Brand

By | June 2nd, 2021|Uncategorized|Comments Off on Allstate to Acquire Insurer SafeAuto to Merge Into National General Brand

Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states. The acquisition will be through Allstate subsidiary National General and SafeAuto will be integrated into National General’s direct-to-consumer non-standard auto …

2 06, 2021

Amazon to Overhaul Warehouse Worker Metric Cited in Injuries

By | June 2nd, 2021|Uncategorized|Comments Off on Amazon to Overhaul Warehouse Worker Metric Cited in Injuries

Amazon.com Inc. is overhauling a controversial worker-productivity yardstick that has drawn the ire of warehouse employees who say it imposes an unsafe burden on them. The world’s largest online retailer uses sophisticated algorithms to monitor productivity at its facilities, and …

2 06, 2021

Fitch Affirms Intact’s Ratings After RSA Acquisition; RSA Subsidiary Upgraded to ‘AA-‘

By | June 2nd, 2021|Uncategorized|Comments Off on Fitch Affirms Intact’s Ratings After RSA Acquisition; RSA Subsidiary Upgraded to ‘AA-‘

Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Intact Financial Corp.’s insurance subsidiaries at ‘AA-‘ (very strong), after its acquisition of RSA Insurance Group. Fitch also upgraded the IFS of RSA’s operating subsidiary, Royal & Sun Alliance …

2 06, 2021

Hub International Limited Acquires Assets of Epstein Financial Services LLC

By | June 2nd, 2021|Uncategorized|Comments Off on Hub International Limited Acquires Assets of Epstein Financial Services LLC

Hub International Limited (Hub), a full-service global insurance broker, has acquired the assets of Epstein Financial Services LLC and Epstein Financial Group LLC. Terms of the transaction were not disclosed. Located in East Longmeadow, Massachusetts, Epstein Financial is an independent …

2 06, 2021

Former Pension Boss in New Mexico Sues for Pay Discrimination

By | June 2nd, 2021|Uncategorized|Comments Off on Former Pension Boss in New Mexico Sues for Pay Discrimination

The former head of New Mexico’s pension system for educators has accused Democratic Gov. Michelle Lujan Grisham and others of denying her equal pay. Jan Goodwin filed a lawsuit in federal court last week, saying she was forced to leave …

2 06, 2021

Magnitude 6.1 Earthquake Confirmed in Alaska

By | June 2nd, 2021|Uncategorized|Comments Off on Magnitude 6.1 Earthquake Confirmed in Alaska

A magnitude 6.1 earthquake shook Alaska’s Talkeetna Mountains north of Anchorage Sunday night and smaller tremors continued early Monday, the US Geological Survey confirmed. The earthquake was felt from Homer to Fairbanks, and was felt especially strongly in the Anchorage …