Root Books Another Net Loss; Stays Positive on Embedded Insurance Results February 23, 2023 By Chad Hemenway Calling embedded insurance the “next secular trend in distribution,” Root Inc. CEO Alex Timm in a letter to shareholders said...
Chubb Announces Name of New Global Climate Unit, Appoints 3 Execs February 23, 2023 Chubb announced the name for its new global climate business unit, Chubb Climate+, while appointing three executives who have joined...
DOL Recovers OT Pay for NC Workers Misclassified as Independent Contractors February 23, 2023 More than 180 workers at a North Carolina company will receive about $1,000 each in overtime pay after the U.S....
Bent Track a Factor in Deadly Montana Amtrak Crash February 23, 2023 By Amy Beth Hanson and Matthew Brown Investigators probing a fatal 2021 Amtrak derailment in Montana disclosed that the railroad track was bent along a curve near...
Tanker Detained by Spain Did Not Cause Pollution, Turkish Manager Says February 23, 2023 A tanker that was detained by Spain and accused of discharging fuel in open waters near the northeastern port city...
With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23 February 23, 2023 By Susanne Sclafane Executives of insurtech Lemonade say they’re slowing down growth in 2023, as the company waits for regulators to approve rate...
Update: Top EU Bodies Ban TikTok on Staff Phones, Citing Need to Hike Cybersecurity February 23, 2023 By Foo Yun Chee The European Union’s two biggest policy-making institutions have banned TikTok from staff phones for cybersecurity reasons, marking growing concerns about...
Florida Art Dealer Pleads Guilty in Warhol Forgery Scheme February 23, 2023 A South Florida art dealer pleaded guilty in federal court Tuesday in connection with a scheme involving the sale of...
Moody’s RMS Estimates $5B Insured Losses From Turkey Quake as Costs Keep Mounting February 23, 2023 The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as...
Thunderstorms, Possible Tornadoes Ravage Central New Jersey February 23, 2023 After a rare tornado warning was issued Tuesday, a strong line of thunderstorms ripped through central New Jersey with powerful...