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...
North Carolina to Test All Nursing Home Residents, Workers July 2, 2020 By Bryan Anderson All North Carolinians living and working in nursing homes will soon receive a one-time coronavirus test, the state announced Tuesday....
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...
Propel Insurance Acquires HealthCare Services of Tennessee July 2, 2020 Propel Insurance, a retail insurance agency and a portfolio company of Flexpoint Ford, has acquired HealthCare Services (HCS), a risk...
From Enron to Wirecard – Big 4 Accounting Firms Still Face Systemic Problems July 2, 2020 By Ellen Milligan and Hugo Miller Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four...
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...
S. African Insurers Are Pushed to Pay COVID-19 Business Interruption Claims July 2, 2020 Virus-related claims from just over 500 small South African firms battling insurers who have rejected them are worth up to...
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...
Policygenius Adds Google’s Garr as VP of P&C Operations in North Carolina July 2, 2020 Online insurance marketplace Policygenius has made its first executive hire for its North Carolina headquarters. Erik Garr, who established Google...
USI Closes Acquisition of Associated Benefits & Risk Consulting July 2, 2020 USI Insurance Services (USI), headquartered in Valhalla, N.Y., has completed its acquisition of Associated Benefits & Risk Consulting (ABRC) from...