24 09, 2020

Reliance Global Group Acquires New York’s UIS Agency

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Reliance Global Group Inc. has acquired the assets of UIS Agency LLC, a Thiells, N.Y.-based insurance agency serving the commercial transportation industry. Reliance Global Group CEO Ezra Beyman said in a company press release that UIS will compliment Reliance’s existing …

24 09, 2020

Two Wounded in Connecticut Workplace Shooting, Suspect in Custody

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A shooter opened fire and wounded two people outside a Connecticut business Tuesday and was taken into custody at gunpoint on a highway in Massachusetts, police said. Both victims were treated at a hospital and discharged. Authorities identified the alleged …

24 09, 2020

SEC Toughens Rules on Shareholder Proposals

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The U.S. Securities and Exchange Commission (SEC) voted 3-2 on Wednesday to make it tougher for shareholders to push companies on issues such as climate change, social justice and diversity, with Democratic commissioners dissenting against the move. The rule, first …

24 09, 2020

As Wildfires Spread, Public Safety Tech Startups Lack Venture Capitalists’ Backing

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Silicon Valley’s innovation engine has been slow to produce useful new tools to help firefighters like Dave Winnacker extinguish the deadly blazes that each year fill California’s skies with smoke. Winnacker, a fire district chief who led a team against …

24 09, 2020

Self-Driving Car Bill Reintroduced in House Minus Biggest Backer

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Legislation that would allow carmakers to sell as many as 100,000 self-driving vehicles per year in the U.S. is being reintroduced in the U.S. House of Representatives, but one of its biggest cheerleaders is staying on the sidelines until next …

24 09, 2020

Virginia Tech Researchers Pitch Technology and Coaching to Improve Driver Safety

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Oil-field workers who bomb around in pickups across hundreds of miles of countryside every work week cut speeding and hard braking in half once their boss started monitoring their driving habits and scoring their skills. Researchers for the Virginia Tech …

24 09, 2020

Next Insurance Attracts $250M in New Financing; Its $631M to Date Beats Lemonade

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Next Insurance secured another $250 million in financing designed to fuel continued national expansion of its digital small business insurance offerings. CapitalG, Alphabet/Google’s independent growth fund, led the Series D round. But existing investor Munich Re Group also participated in …

24 09, 2020

More Firms Turning to Insurance Captives in Tightening Market: Marsh

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More organizations are using captives for insurance protection and financial flexibility in response to today’s risk and insurance landscape. In its 2020 captive report, insurance broker Marsh says that that tightening global insurance market conditions throughout 2019 led to higher …

24 09, 2020

Mutual Insurer Group NAMIC Names Merchants Mutual’s Zak as Chair

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The National Association of Mutual Insurance Companies welcomed its new chairman – Robert Zak, president and chief executive officer of Merchants Mutual Insurance Co. – this week during its all-virtual 125th annual convention. Zak, a 35-year mutual insurance industry veteran, …

24 09, 2020

Most Important Climate Pledges Aren’t the Splashy Ones

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It’s Climate Week in New York, which brings with it a raft of announcements from companies outlining their new decarbonization targets and clean investment strategies. Some of the declarations are hefty, like Walmart Inc.’s plan to reach zero emissions across …