U.S. officials on this week approved a long-lasting fire retardant that could significantly aid in fighting increasingly destructive wildfires by stopping them before they ever start. The U.S. Forest Service approved Perimeter Solutions’ fire retardant that is intended to be …
With just weeks remaining before federal workers must be vaccinated against COVID-19, the federal government has outlined procedures for employees to request medical or religious exemptions from President Joe Biden’s mandate. The Office of Management and Budget released the new …
Omaha-based Insurate, a data science-based provider of workers’ compensation, announced a $4.5 million seed round led by HSCM Ventures, the venture capital arm of Hudson Structured Capital Management Ltd. Joining the round are Foundation Capital, Revolution’s Rise of the Rest …
The Independent Insurance Agents & Brokers of America (the Big “I”) installed Kansas’ Bob Fee, president of Fee Insurance Group Inc. in Hutchinson, as 2021-22 Big “I” chair at the recent Big “I” Fall Leadership Conference in Kansas City. Fee …
Coalition, a San Francisco-based cyber insurance and security company, has acquired Attune, a digital agency with a platform focused on commercial insurance. With the acquisition, Coalition maintains it will be the world’s largest commercial insurtech provider, with more than 130,000 …
Facebook whistleblower Frances Haugen told Congress on Tuesday that one option for making social media less harmful would be to create a dedicated regulatory agency to oversee companies like Facebook, and could have former tech workers on staff. “Right now, …
Bayer AG won its first trial over claims its Roundup weedkiller causes cancer after a California jury found that the herbicide was not a substantial cause of a child’s rare form of non-Hodgkin’s lymphoma, the company said on Tuesday. Destiny …
While events like Hurricane Ida and a Texas winter freeze demonstrate wide-reaching impacts of climate change to all but ardent deniers, even insurers and reinsurers may not fully appreciate all the risks, a new report suggests. Among the underappreciated facts …
Late last month, James River Group Holdings, Ltd. announced that two of its principal operating subsidiaries entered into a loss portfolio transfer reinsurance transaction with a wholly owned captive insurer of Uber Technologies, Inc. Under the agreement, the Uber captive, …
On an industry level, Swiss Re now estimates that total insured market losses from Hurricane Ida to be in the range of $28–30 billion, excluding federal flood insurance losses. Hurricane Ida, the second-most intense hurricane on record to hit the …
