New Unicorn Wealthsimple Plans Insurance, Mortgage Products Buildout Before IPO October 16, 2020 By Kevin Orland Fresh off achieving a $1 billion valuation, Wealthsimple Inc.’s top executive says the firm has more work to do before...
France Plans €20 Billion in State-Backed Loans to Avoid Small Firm Failures October 16, 2020 By Leigh Thomas France plans to raise 20 billion euros ($23 billion) in quasi-equity loans for small firms hit by the coronavirus crisis...
FCC Chief Vows to Advance New Social Media Company Liability Rules October 16, 2020 By David Shepardson Federal Communications Commission chairman Ajit Pai said Thursday the agency will move forward to set new rules to clarify the...
California Permits GM’s Driverless Car to Cruise Streets of San Francisco October 16, 2020 By Jane Lanhee Lee The race for driverless autonomous vehicles is heating up and on Thursday Cruise became the first to receive a permit...
Insurance Acquisition Completes Shift Auto Retailer Deal; IPO Launches October 16, 2020 Shares of Shift Technologies Inc. fell 6.7% in their Nasdaq debut on Thursday after the online used-car seller went public...
MGA DUAL Plans to Use Its Own Underwriting Capital Alongside Capacity Providers October 16, 2020 DUAL, the London-based managing general agency, announced it will deploy its own group underwriting capital alongside its existing capacity providers....
INSTANDA Launches Cyber Insurance Product in Africa October 16, 2020 INSTANDA, the customer and policy management platform for the insurance industry, has launched its first African insurance market product on...
Lack of Clarity on Liability Could Cause Delay with WHO Coronavirus Vaccine Drive October 16, 2020 By Francesco Guarascio BRUSSELS – Who foots the bill if people in poor countries fall sick with unexpected side-effects from coronavirus vaccines? It’s...
What 3Q Catastrophe Losses Mean for U.S. P/C Results October 16, 2020 Driven by an elevated frequency of events during the quarter, third quarter natural catastrophe losses for the U.S. property/casualty insurance...
Employers Asked to Reveal Data to Test Their Diversity Pledges October 16, 2020 By Ross Kerber and Simon Jessop More data disclosure will help investors, employees and customers judge the pledges many American companies have made to diversify their...