A federal jury on Monday has ordered Tesla Inc to pay more than $130 million in damages to a Black former worker, finding he was subjected to a racially hostile work environment, the Wall Street Journal reported. The jury determined …
Ledger Investing, Inc., a technology-driven marketplace for matching insurance risk to capital markets, announced the closing of Nanorock Fund Ltd., an insurance linked security (ILS) fund focused primarily on investing in casualty insurance risks through the Ledger Connect platform. Nanorock …
Agent digital experiences are moving to the forefront of property/casualty insurance carrier technology strategies, according to a survey report published by Celent late last week. Just having a web portal isn’t going to cut it anymore, with 94 percent of …
Former Facebook employee and whistleblower Frances Haugen will urge the U.S. Congress on Tuesday to regulate the social media giant, which she plans to liken to tobacco companies that for decades denied that smoking damaged health, according to prepared testimony …
The Federal Aviation Administration said Monday it had urged U.S. airports to limit the use of firefighting foam with the chemical PFAS due to the environmental and public health risks as it evaluates possible alternatives. PFAS, nicknamed “forever chemicals” because …
Digital flood insurance provider Neptune Flood has acquired Jumpstart Insurance Solutions, a parametric insurtech broker that offers parametric earthquake policies. Terms were not disclosed. Jumpstart, a licensed surplus lines insurance broker selling online and using Lloyd’s capacity, began offering earthquake …
Workers’ compensation insurers continue to stow away more money than necessary in reserves, even as reported loss ratios continue to climb, according to a report released by the National Council on Compensation Insurance. A.M. Best also released a report concluding …
The federal government Friday rolled out a flood-insurance program revamped to reflect worsening climate change, a program that will raise rates for millions of homeowners in wealthy coastal areas and humble inland communities alike. The Federal Emergency Management Agency in …
Jennifer Bridges loved her job as a nurse at Houston Methodist Hospital, where she worked for eight years, but she chose to get fired rather than inoculated against COVID-19, believing that the vaccine was more of a threat than the …
Top U.S. national security advisers will gather officials from 30 countries this month with plans to combat the growing threat of ransomware and other cyber crime, President Joe Biden said on Friday. An online session hosted by the White House …
