Daily Archives: <span>December 15, 2020</span>

UK Insurer LV= to Sell Savings, Retirement Businesses to Bain Capital for $707M

LONDON — Mutual insurer Liverpool Victoria Financial Services (LV=) has agreed to sell its savings & retirement and protection businesses to funds advised by private equity firm Bain Capital Credit LP for 530 million pounds ($706.54 million), the company said …

German Insurtech Startup Wefox Expects Profitable 2021

BERLIN – German insurance technology startup Wefox expects to achieve revenue of 300 million euros ($365 million) and be profitable at the operating level next year, its founder and CEO, Julian Teicke, said in an interview. In pursuit of that …

Bipartisan COVID-19 Plan Helps Businesses, Unemployed; Splits State Aid, Liability Shield

A bipartisan group of lawmakers released proposed Covid-19 relief legislation that may provide momentum for breaking a months-long impasse, by separating out coronavirus liability protections and state aid — the two most contentious and partisan items. After Republicans and Democrats …

California Seeks Court Help With Investigation of Amazon Coronavirus Policies

California Attorney General Xavier Becerra on Monday petitioned a court to force Amazon.com Inc. to comply with outstanding subpoenas over a state investigation into its handling of the coronavirus pandemic. The petition, filed with the Sacramento County Superior Court, accused …

Insurance Office of America Adds Dominguez in Western Region

Insurance Office of America has added Alex Dominguez to its Western region team. Dominguez joins the San Diego, Calif., branch location as a commercial lines producer. He was previously a commercial insurance broker at Rock 10 Insurance Services, and has …

Suspected Russian Cyber Espionage Has U.S. Government, Businesses Scrambling

The U.S. Department of Homeland Security and thousands of businesses scrambled Monday to investigate and respond to a sweeping hacking campaign that officials suspect was directed by the Russian government. Emails sent by officials at DHS, which oversees border security …

CopperPoint in Arizona Adds Fox to Lead Pay as You Go

CopperPoint Insurance Cos. in Phoenix, Ariz., has named Joe Fox vice president of the company’s pay as you go business. Fox will be responsible for developing and implementing a new premium payment process for CopperPoint’s pay as you go workers’ …