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Insurtech Lemonade’s Co-Founder Accuses Amazon of Poaching Employees

With two social media posts, Shai Wininger, co-founder of the insurtech Lemonade, accused giant Amazon of poaching employees of his startup insurance carrier that is powered by artificial intelligence and behavioral economics. Wininger also threatened to retaliate by leaving the …

How the U.S. Can Improve Workplace Injury and Illness Data

Federal agency officials involved in reducing work-related injuries and illnesses believe there is still a lot to learn about the relationship between work and injuries. According to the experts, the government needs smarter workplace surveillance and data collection practices. The …

For Florida Insurer American Integrity, Giving Back is Part of Company Culture

American Integrity Insurance Group’s charitable efforts have become an integral part of the company’s culture, and not just during the holiday season. The Florida-based insurer, which formed in 2006, began asking employees four years ago what charities they would like …

JenCap Holdings to Acquire Genesee General of Georgia

JenCap Holdings LLC (JCH), a specialty insurance business, has agreed to acquire privately-held Genesee General, a managing general agency, program administrator and wholesale insurance broker based in Alpharetta, Ga. The transaction is expected to close in January 2018. Financial terms …

National Interstate Forms Captive for Towing & Recovery Industry

National Interstate Insurance Company, a specialty property and casualty transportation insurer, has launched TowCap Premier, a group rental captive designed exclusively for the towing and recovery industry. National Interstate will market TowCap Premier directly through retail brokers, and is currently …

Judge Allows Philadelphia’s Suit Claiming Unfair Lending by Wells Fargo

A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co.’s bid to dismiss that city’s lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers. U.S. District Judge Anita Brody said Philadelphia may …

Ratings Assigned to Iowa’s Midwest Family Advantage Insurance

A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Midwest Family Advantage Insurance Co. (Midwest Advantage). The outlook assigned to these ratings is stable. Concurrently, A.M. …

Harvey-Devastated Texas Coastal Towns Still Working on Recovery

Some Texas coastal towns where Hurricane Harvey made landfall are working to restore tourism and other economic attractions nearly five months after the storm. Hundreds of businesses in Rockport and Fulton are now open amid recovery efforts assisted by Aransas …

Carroll Promoted to VP, Underwriting at ISMIE Mutual Insurance

Chicago-based ISMIE Mutual Insurance Co., a provider of medical professional liability insurance services, has promoted Edward J. Carroll JD to vice president of Underwriting. Carroll joined ISMIE Mutual in early 2017 when he was appointed as director of Underwriting – …

A.M. Best Removes Pacific Compensation Insurance in California from Review

A.M. Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Thousand Oaks, Calif.-based Pacific Compensation Insurance Co. The outlook …

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