Monthly Archives: <span>April 2021</span>

Four Girls, 12 and 14 Years Old, Accused of Setting Pennsylvania House Fire

Four teenage girls ranging in age from 12 to 14 have been arrested on juvenile court charges of setting a fire that destroyed an unoccupied western Pennsylvania house earlier this month, sending a police officer and a firefighter to the …

Broker BMS Launches Analytics Platform to Support Clients’ Risk Transfer Goals

BMS, the London-based independent specialist insurance and reinsurance broker, announced the launch of an analytics platform called Pathlight AnalyticsTM. The platform is designed to harness the collective power of the analytics disciplines to better assist clients with examining, analyzing and …

Update: Egypt Seizes Container Ship that Blocked Suez, Pending $916M Compensation

Egypt seized a giant container vessel that blocked the Suez Canal last month as it sought compensation of more than $900 million. A court in the city of Ismailia granted a seizure request regarding the Ever Given vessel at the …

U.S. Recommends Pausing Use of J&J COVID Vaccine over Rare Blood Clots

U.S. federal health agencies on Tuesday recommended pausing use of Johnson & Johnson’s COVID-19 vaccine for at least a few days after six women under age 50 developed rare blood clots after receiving the shot, dealing a fresh setback to …

Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters

Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will announce on Tuesday. In a statement …

The Zebra Raises $150 Million to Expand Online Insurance Comparison Operations

Insurance comparison site The Zebra raised $150 million in new financing that will support expanded hiring and brand building. “This investment is going to be used to grow our team and build our brand. We are accelerating our efforts to …

SEC Throws Another Wrench into Wall Street’s SPAC Machine

U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies. The Securities and Exchange Commission is setting forth new guidance that warrants, which are …

OSHA Prepares to Issue Emergency Regulations to Protect Workers from COVID-19

Mask mandates are coming down across the country, even as COVID cases are rising in most states. But the Biden administration appears poised to reinstate masking and other social distancing rules for recalcitrant governors — at least in the workplace. …

China Forces Restructuring of Ant Group into Financial Holding Firm

BEIJING – China has imposed a sweeping restructuring on Jack Ma’s Ant Group, the fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, underscoring Beijing’s determination to rein in its internet giants. The overhaul, in the …

U.S. Safety Agency Investigates Air Bags Made by Takata Successor Joyson

The U.S. National Highway Traffic Safety Administration is investigating potentially faulty air bags made by Joyson Safety Systems, the successor to defunct manufacturer Takata Corp. that is at the center of one of the biggest recalls in history. The agency, …