Monthly Archives: <span>July 2020</span>

Duffy Insurance Agencies Acquires N. Pingree Agency

The N. Pingree Insurance Agency and its Georgetown and Haverhill, Mass., offices have joined the Duffy Family of Insurance Agencies. N. Pingree Insurance Agency was established in 1938 by H. Nelson Pingree. Brothers Robert and Calvin Pingree took over for …

Court Rules New Jersey Can Shut Down Gym That Defied Closure

A state judge ruled that New Jersey authorities can shut down a gym that has repeatedly defied Governor Phil Murphy’s executive order to remain closed during the COVID-19 pandemic. The ruling held Atilis Gym of Bellmawr, in the Philadelphia suburbs, …

Sapiens International Corporation Enters Agreement to Acquire Delphi Technology

Sapiens International Corporation, a global provider of software solutions for the insurance industry, has entered into a definitive agreement to acquire Delphi Technology Inc. (Delphi), a Boston, Mass.-headquartered vendor of software solutions for property and casualty carriers with a focus …

Insurtech Fundraising Rises in Q2 with $1.6 Billion Invested

Following the COVID-19-induced slowdown in global insurtech investment during the first months of 2020, insurtech firms raised $1.56 billion during the second quarter. The total, up 71% over Q1, was driven in part by later-stage investments, including four “mega-rounds” in …

What to Expect in Pandemic Insurance. Munich Re Expert Looks Back and Ahead.

Summary: Dr. Gunther Kraut, head of Epidemic Risk Solutions at Munich Re, discusses the current state of the pandemic insurance market and what can be expected for the future. He says one of the challenges of developing this market, aside …

Removal of Wrecked Cargo Ship in Georgia Port Stalled by Virus, Hurricane Season

Efforts to cut apart and remove a capsized cargo ship off the Georgia coast are being delayed for more than two months because of hurricane season and challenges posed by the coronavirus, project leaders said Friday. Those operations will be …

West Virginia City Faces Health Crisis from Water Outage

A southern West Virginia town has been without water service for several days after a pump broke, prompting concerns about a shortage of a precious resource during the coronavirus pandemic. Residents of the 563-customer system are having to scramble to …

Judge Nixes 7% Plaintiffs Attorneys’ Fee on Opioid Settlements

A federal judge overseeing thousands of opioid lawsuits declined on Monday to grant a demand by plaintiffs attorneys for fees that could be worth billions of dollars, a request drug company defendants had said would jeopardize settlement talks. In February, …

Trump Administration Wants FCC to Write Rules on Liability for Social Media Content

A U.S. Commerce Department agency on Monday petitioned the Federal Communications Commission to reinterpret a 1996 law to require transparency in how social media companies moderate content, after President Donald Trump asked it to intervene in the matter. Trump directed …

U.S. Volkswagen Owners Cheated in Diesel Scam Receive $9.8 Billion in Settlements

U.S. buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements, the Federal Trade Commission (FTC) said on Monday. Volkswagen agreed to offer to buy back or repair more than 550,000 polluting diesel U.S. vehicles after it …