Insurtech Lemonade Wins $34 Million in New Funding As It Readies for West Coast Expansion December 5, 2016 By Andrew G. Simpson Lemonade, the home and renters insurance company run by artificial intelligence and behavioral economics, announced a $34 million B round...
Rhode Island Man Who Streamed Drive, Crashed Had Suspended License December 5, 2016 Police say a Rhode Island man who streamed himself on Facebook Live driving 114 mph before crashing into a garbage...
Regulators Examining Marijuana’s Impact on Massachusetts Casinos December 5, 2016 Gambling regulators in Massachusetts are looking into the possible impact of legalized marijuana on the state’s emerging casino industry. The...
Liberty Mutual to Acquire Ironshore from China’s Fosun for $3 Billion December 5, 2016 By Andrew G. Simpson Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited. Liberty Mutual will...
Massachusetts Firefighters Battle Blaze That Spread to Seven Buildings December 5, 2016 Firefighters struggled to put down a large fire that jumped from one building to another across a densely-populated neighborhood in...
Police Sergeant in Massachusetts Gets Jail Term in Insurance Fraud Scheme December 5, 2016 A Massachusetts police sergeant has been sentenced to serve half a year in a county jail after he was convicted...
Some Saw Warning Signs Before Oakland Loft Fire December 5, 2016 By Kristina Cooke and Heather Somerville About six months before Friday’s conflagration that destroyed an Oakland warehouse and killed at least 33 people attending a party,...
Death Toll from Fire in Oakland Artist Loft Reaches 33 December 5, 2016 By Rory Carroll A fire that devastated an Oakland, California, loft building during a weekend dance party has taken at least 33 lives...
Update: Hackers Steal $31M from Russian Central & Commercial Banks December 5, 2016 Hackers stole more than 2 billion roubles ($31 million) from correspondent accounts at the Russian central bank and from accounts...
China’s Insurers Have Major Risk Management Deficiencies, Warns Regulator December 5, 2016 Chinese insurance firms have significant risk management deficiencies, as they overly focus on asset management for profits and growth, a...