Article 0 Comments SoftBank Group Corp. is in talks to back leading online insurance aggregator PolicyBazaar at a valuation of at least $800 million, according to people familiar with the matter. The two sides are examining how the Japanese company can take a stake without pushing foreign investment in PolicyBazaar above 49 percent, the limit […]
Article 1 Comments West Virginia Attorney General Patrick Morrisey said the state will receive more than $153,000 in a national settlement with a prescription drug manufacturer. Morrisey says in a news release last month that every state and the District of Columbia are participating in the $13.5 million settlement with Boehringer Ingelheim Pharmaceuticals Inc. The […]
Article 1 Comments Attorneys say the family of a boy who died from carbon monoxide poisoning at a North Carolina Best Western hotel in 2013 has agreed to settle wrongful death and injury lawsuits. The family’s attorneys said in a news release Monday that they agreed to settle the suits against the hotel chain and […]
Article 0 Comments A $2 million collective action lawsuit has been filed against the Arizona Board of Regents for alleged gender discrimination. The suit was filed in federal court in Tucson on behalf of a former dean of the University of Arizona’s Honors College. Patricia MacCorquodale allegedly was underpaid by tens of thousands of dollars […]
Article 2 Comments With the National Flood Insurance Program (NFIP) currently set to expire on February 9, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform Act has passed the House and moved to the Senate. But it’s important to note that Hurricane Harvey—which is estimated […]
Article 0 Comments The chairman of the U.S. Senate Commerce Committee on Tuesday said he is pursuing different strategies to win approval this year of landmark self-driving car legislation that could make it easier for automakers to get thousands of cars on the road without human controls. Self-driving cars could reduce the 37,000 annual U.S. […]
Article 0 Comments Pioneer Underwriters has named Dave Sarnoski senior underwriter in its miscellaneous, technology and cyber liability division. Sarnoski reports to David Lucey, vice president of the division, and will be responsible for errors and omissions liability business within the West Coast region. Sarnoski has more than a decade of experience in the industry, […]
Article 0 Comments Hundreds of rolls of donated wrapping paper and volunteers ready for the Sparkle Foundation’s annual wrap-a-thon held on Dec. 9, 2017. More than 150 volunteers turned out to wrap Christmas gifts for 28 families in need in Northern California. Commercial Coverage Insurance Agency Owner Samantha Tradelius approaches running the nonprofit she started […]
Article 3 Comments Federal tax reform was a big topic of discussion at the Insurance Information Institute’s 2018 P/C Joint Industry Forum, with panelist Jay Gelb of Barclays Capital stating the recently passed tax law is going to be “a clear bottom-line benefit for U.S.-domiciled companies.” In particular, he pointed to Berkshire Hathaway as one […]
Article 0 Comments Alphabet Inc. launched a new business unit on Wednesday that will sell cyber security software to Fortune 500 companies, the latest move by the parent of Google to become a big player in corporate computing. The new unit, dubbed Chronicle, is betting on the premise that machine learning software, a type of […]