18 06, 2021

Aon-WTW Merger Would Help Boost Industry’s Innovation. Aon CEO Makes the Case.

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The enhanced ability to innovate is a principal motivator for Aon’s proposed acquisition of Aon and Willis Towers Watson. It’s a message that Aon CEO Greg Case has been emphasizing since the $30 billion deal was announced in March 2020. …

18 06, 2021

Cambridge Mobile Telematics Expands Its Empire of Smartphone Driver Surveillance

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Cambridge Mobile Telematics, which helps insurers monitor drivers via smartphone, has agreed to buy TrueMotion, a cross-town Boston rival, for an undisclosed sum. Both companies have shot to the front of the burgeoning effort to use technology to better manage …

18 06, 2021

Banning Spectators Is ‘Least Risky’ Option for Tokyo 2020 Games: Medical Experts

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TOKYO – Japanese medical experts said on Friday that banning spectators at the Olympics was the least risky option for holding the Games, even as they appeared resigned to the possibility of fans in venues during the COVID-19 pandemic. The …

17 06, 2021

French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns

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A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses suffered by his restaurants during the country’s lockdowns, a person familiar with the matter said. Chef Michel Troisgros has asked …

18 06, 2021

Paris-Based Insurtech Akur8 Raises $30 Million for International Expansion

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Akur8, the Paris-based insurtech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing its total funding to $42 million. This latest funding round will accelerate Akur8’s international expansion, with a particular emphasis on …

18 06, 2021

Safety Agency Pursuing 30 Investigations Into Tesla Crashes

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U.S. auto safety regulators said on Thursday they have opened 30 investigations into Tesla crashes involving 10 deaths since 2016 where advanced driver assistance systems were suspected of use. The National Highway Traffic Safety Administration (NHTSA) released a list offering …

18 06, 2021

Viewpoint: How Undead Corporations Can Help Fund Oregon’s Environmental Cleanup

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We all know that corporations and limited liability companies can die. In actuality, they are dissolved and given time to wind up their affairs, but the point is that after five years following proper notice to potential creditors and other …

17 06, 2021

Is a Climate Change-Driven ‘Megadrought’ Looming over Parts of U.S.?

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The Western U.S. could be in for a wild ride thanks to climate change. That’s the brunt of the buzz in the news this week, as multiple media outlets gave heavy coverage to the severe drought and heatwave currently creeping …

18 06, 2021

U.S. Suit Against Aon-Willis Merger Assigned to Bush Nominee Judge Walton

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Senior Judge Reggie Walton, who joined the U.S. District Court for the District of Columbia in 2001, will hear the Justice Department’s lawsuit aimed at stopping insurance broker Aon’s $30 billion acquisition of Willis Towers Watson. The U.S. Justice Department …

17 06, 2021

People Moves: Lockton Names Harrison Market Leader in California, Hanleigh Names Haley Sales Director

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Lockton Insurance Brokers LLC has named Sherri Harrison, senior vice president, to market leader. Harrison is responsible for clients, people, operations and the growth of the benefits practice in San Diego, Calif., and Orange County, Calif. Harrison has more than …