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Home > News Feeds

News Center


News – Insurance Journal

New Mexico Disabled Woman Getting $300K Settlement
New Mexico State Police have reached a $300,000 settlement with a disabled woman who accused an officer of grabbing and handcuffing her after she refused to provide ID in 2016. Jessica Guttman claimed in her 2018 lawsuit that she and …

POSTED SEPTEMBER 24, 2020 3:01 PM
Oregon Businesses Threatening to Sue Over Virus Restrictions
Several Oregon businesses have threatened a class action lawsuit against the state over COVID-19 restrictions implemented by Gov. Kate Brown to slow the pandemic. A lawyer representing the businesses argues that Oregon officials should draft a plan to compensate small …

POSTED SEPTEMBER 24, 2020 2:59 PM
Peak Re Appoints Pioneer’s Souter as Director of Markets for P/C Business
Hong Kong-based Peak Re announced the appointment of Andrew Souter as director of markets responsible for developing the company’s property/casualty reinsurance business. Souter brings with him 18 years of experience in the finance industry. He joins Peak Re from Pioneer …

POSTED SEPTEMBER 24, 2020 1:55 PM
Ant Group Eyes Raising $17.5 Billion via Hong Kong IPO Without Cornerstone Investors
China’s Ant Group plans to raise about half of its $35 billion dual listing via the Hong Kong leg, without setting up a cornerstone tranche and betting on strong demand from institutional investors even without lock-up commitments, sources said. Backed …

POSTED SEPTEMBER 24, 2020 1:46 PM
Most Important Climate Pledges Aren’t the Splashy Ones
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 …

POSTED SEPTEMBER 24, 2020 1:20 PM
Mutual Insurer Group NAMIC Names Merchants Mutual’s Zak as Chair
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, …

POSTED SEPTEMBER 24, 2020 12:39 PM
More Firms Turning to Insurance Captives in Tightening Market: Marsh
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 …

POSTED SEPTEMBER 24, 2020 12:28 PM
Next Insurance Attracts $250M in New Financing; Its $631M to Date Beats Lemonade
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 …

POSTED SEPTEMBER 24, 2020 12:09 PM
As Wildfires Spread, Public Safety Tech Startups Lack Venture Capitalists’ Backing
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 …

POSTED SEPTEMBER 24, 2020 11:44 AM
SEC Toughens Rules on Shareholder Proposals
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 …

POSTED SEPTEMBER 24, 2020 11:27 AM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Streamless Insurance confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.