Update: Online Insurer Lemonade Raises $319M During U.S. Stock Market Debut July 2, 2020 By Crystal Tse Lemonade Inc., the online home insurance provider backed by SoftBank Group Corp., jumped as much as 86% after raising $319...
FAA, Boeing Complete Certification Test Flights on 737 MAX, in Key Milestone July 2, 2020 By David Shepardson The Federal Aviation Administration and Boeing Co have completed certification test flights on the 737 MAX, a key milestone toward...
Brightway to Offer Agency Franchise Option With $5K Fee, Free Second Unit July 2, 2020 Brightway Insurance, a nationwide personal lines insurance agency system, has enhanced its franchise model with an option to join with...
Novartis Pharmaceuticals Agrees to Pay $678M to Settle Doctor-Bribe Claims July 2, 2020 By Jef Feeley Novartis Pharmaceuticals Corp. agreed to pay $678 million to resolve a whistle-blower case accusing the company of paying kickbacks to...
No Coverage Owed for Shooting Due to Criminal Act Exclusion July 1, 2020 By Jim Sams An insurer is not liable for injuries caused by a policyholder who shot a 15-year-old boy in the head because...
The Hartford Names Stepnowski Chief Investment Officer as Johnson Retires July 1, 2020 The Hartford has appointed Amy Stepnowski to the positions of chief investment officer of The Hartford and president of Hartford...
Insurance Startup Lemonade Increases Target Price Range for IPO July 1, 2020 SoftBank Group Corp.-backed insurance startup Lemonade Inc on Wednesday increased the target range for its U.S. initial public offering, looking...
Boeing Withheld Facts on Flight-Control System Blamed for 2 Fatal Crashes: Probe July 1, 2020 By Alan Levin and Julie Johnsson Boeing Co. provided only “limited information” on the flight-control software later implicated in two fatal crashes on the 737 Max...
Tesla Pays CEO Musk Nearly $1M for Controversial D&O Insurance Arrangement July 1, 2020 By Dana Hull Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a...
Exclusive Coronavirus Survey: P/C Insurance Return to ‘Normal’ Office May Take Time July 1, 2020 By Andrew G. Simpson Many property/casualty insurance professionals, most of whom have been working at home during the pandemic, may need some convincing not...