5 05, 2021

$6M Settlement for Men Abused at Washington Boys Home Being Paid by Insurers

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Insurance companies are paying $6 million to settle a lawsuit brought against Kiwanis International and local Kiwanis clubs by seven men who were sexually abused at a Centralia group home for boys in Washington decades ago, attorneys for the men …

5 05, 2021

Insurance Bills Begin to Move in Texas Legislature

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A large number of insurance-related bills have been filed during the current Texas legislative session and many pieces of legislation have begun moving in the Texas House and Senate. Among those bills that have recently been acted on and are …

5 05, 2021

ATF to Help Investigate String of Suspicious Fires in Gary, Indiana

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The federal Bureau of Alcohol, Tobacco, Firearms and Explosives will help the Gary police and fire departments investigate a series of recent suspicious fires, authorities said. Firefighters from throughout Lake and Porter counties worked Saturday night and early Sunday to …

5 05, 2021

Nebraska Dog Owner Cited Following Attack by Pit Bulls

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The owner of two pit bull-mixed breed dogs accused of violently attacking an Omaha, Neb., couple and their miniature poodle now faces several citations, including having no proof of vaccinations, no proof of licenses, no proof of insurance, allowing the …

4 05, 2021

Gig Firms Know How to Fight to Save Their Business Model

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Uber, Lyft and other gig-economy companies face a new challenge from the Biden administration to their use of contract workers, but as they gear up for a fight in Washington they could turn to a lobbying playbook that helped them …

4 05, 2021

Rare Covid-19 Vaccine and Treatment Injury Victims Look to U.S. Fund

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High school senior Emma Burkey received her “one and done” Johnson & Johnson coronavirus vaccine on March 20, and within two weeks was in an induced coma following seizures and clotting in her brain. She’s making a slow recovery, having …

4 05, 2021

Core Specialty, DUAL to Offer Primary, Excess Professional Liability Coverage

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Core Specialty Insurance Holdings, Inc. and its subsidiaries has formed an underwriting arrangement with DUAL Commercial, LLC to provide primary and excess professional liability limits for qualified classes of business. DUAL is a specialty program manager specializing in the property, …

4 05, 2021

Storm That Damaged 32 Homes in Tennessee Was Tornado

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The National Weather Services said a violent storm that damaged more than 30 homes in Tennessee last week was an EF-1 tornado, The Paris Post-Intelligencer reported. No deaths and only one minor injury were reported from the tornado that cut …

3 05, 2021

Fidelity Slashes Valuation of Restructured Ant Group of China

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U.S. asset manager Fidelity Investments has cut its valuation of Chinese financial technology giant Ant Group in half in its latest filings assessing the worth of the shares its funds hold in the group, the Wall Street Journal reported. The …

3 05, 2021

Chinese Insurtech Waterdrop Seeks $360M in New York IPO

By | May 3rd, 2021|Uncategorized|Comments Off on Chinese Insurtech Waterdrop Seeks $360M in New York IPO

HONG KONG — Chinese online insurance technology firm Waterdrop Inc. aims to raise up to $360 million in an initial public offering on the New York Stock Exchange, company filings show. Waterdrop, which is backed by Tencent, will sell 30 …