Insurance
Israeli Cyber Firm Cato Networks Raises $238M, Valued at $3B
Israeli cybersecurity firm Cato Networks said on Tuesday it had raised $238 million in a private funding round that valued the company at $3 billion. The round, one of Israel’s largest this year and Cato’s biggest, was led by LightSpeed …
Read More The Legal Tensions of Collaboration and Competition in the Life Sciences Industry
Moderna’s suit against Pfizer and partner BioNtech over alleged COVID-vaccine-related patent infringement – and the targets’ countersuit – might suggest an abrupt return to business as usual after an unprecedented period of cooperation among life sciences companies during the height …
Read More People Moves: Hylant Names Reyes Risk Leader and Adds NC Benefits Team Members
Hylant, one of the larger privately held insurance brokers in the country, has made a number of personnel changes in recent weeks. Alejandro Reyes will lead Ohio-based Hylant’s business risk consulting teams, which help clients manage operational risks, the company …
Read More Assumable Mortgages Could Save Buyers Thousands in Interest, Startup Says
A New York startup company said it is now offering a platform that will make it easier for homebuyers to assume a mortgage from the seller, potentially saving buyers significantly over current interest rates. Roam, as it’s known, launched last …
Read More Law Enforcement Seizes Museums’ Artworks Believed Stolen During Holocaust
Three artworks believed stolen during the Holocaust from a Jewish art collector and entertainer have been seized from museums in three different states by New York law enforcement authorities. The artworks by Austrian Expressionist Egon Schiele were all previously owned …
Read More Turbulence as P&W Engine Flaw Forces Airlines to Lease More Craft and Crews
(Bloomberg) — Airlines are scrambling to find replacements for hundreds of single-aisle jetliners that will be sidelined by a recently discovered engine issue, providing a boon to companies that lease out aircraft and crews. About 3,000 Pratt & Whitney geared …
Read More People Moves: ReSource Pro Names Boyer as VP; Distinguished Programs Adds Kerrigan as General Counsel
ReSource Pro, headquartered in New York, N.Y., named Brittany Boyer as its Vice President of Product. Boyer brings with her over 17 years’ experience in the insurance industry. Before joining ReSource Pro, Boyer served as executive director of client strategy …
Read More New York Contractor Sentenced for Defrauding State Workers’ Comp Fund
A drywall contractor has been sentenced to six months in jail for defrauding the New York State workers’ compensation insurance fund out of almost $3 million in premiums over an eight-year period. The Manhattan District Attorney announced the sentence this …
Read More Houston Contractor Exposed Workers to Falls, Electrical Hazards, and Amputations, U.S. Department of Labor Investigation Finds
A U.S. Department of Labor workplace safety investigation has found that a Houston-based contractor willfully and repeatedly exposed its workers to falls, electrical hazards and amputations. Following a March 9, 2023, complaint, investigators with the department’s Occupational Safety and Health …
Read More Ohio Roofing Contractor Faces $548K in Fines for Exposing Workers to Deadly Fall Hazards
On four occasions in less than three months in 2023, U.S. Department of Labor inspectors observed a Millersburg, Ohio roofing contractor again exposing workers to deadly fall hazards of up to 19 feet at four residential roofing job sites in …
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