Insurance
Uber Admits Covering Up 2016 Hacking, Avoids Prosecution in U.S. Settlement
Uber Technologies Inc. on Friday accepted responsibility for covering up a 2016 data breach that affected 57 million passengers and drivers, as part of a settlement with U.S. prosecutors to avoid criminal charges. In entering a non-prosecution agreement, Uber admitted …
Read More U.S. Sues Chicken Producers, Alleging They Conspired to Keep Wages Down
US poultry producers Cargill Inc., Sanderson Farms Inc. and Wayne Farms LLC agreed to pay $84.8 million restitution for conspiring to lower wages for workers at chicken slaughterhouses as part of a settlement with the US Justice Department. The US …
Read More Overdue or Overboard? Florida Divided on Demotech’s Planned Downgrades
The property insurance community has divided into two camps after the firestorm that erupted over the potential financial rating downgrades for 17 Florida insurance carriers. One camp argues that the Demotech rating firm has gone too far, has lumped healthy …
Read More Wisconsin Insurance Premiums for Worker’s Comp Decline
Wisconsin companies will pay 8.47% less in worker’s compensation insurance rates starting Oct. 1, the Wisconsin Department of Workforce Development reported. The lower rates reportedly reflect continued worker safety improvements by employers in Wisconsin, which has a record number of …
Read More Florida Bar Files New Complaint on Strems Over Settlement and Fee Deal
The plaintiffs’ lawyer that Florida insurers love to hate could see his two-year suspension completed this month. But new allegations by the state Bar could result in new sanctions or even a permanent disbarment. A 25-page complaint filed last month …
Read More People Moves: Lockton Welcomes Stedman in Philadelphia
Stedman Joins Lockton in Philadelphia Insurance broker Lockton announced that Bill Stedman has joined its Northeast region as the president of people solutions in Philadelphia. In this role, Stedman will lead an employee benefits team serving clients nationally and globally …
Read More Agents Expects Big Jump in Online Commercial Insurance Shopping: Survey
A majority of independent insurance agents (53%) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a platform for small-commercial quoting, and TrustedChoice.com, a digital marketing platform for …
Read More Cover Genius Expands In Event and Ticketing Industry With Buy of Booking Project
Cover Genius, the insurtech for embedded insurance, said it has acquired Booking Protect, a specialist in embedded ticket protection for ticket sellers, platforms and live event companies such as SeatGeek, Spectrix, AudienceView, and Night Out in the US, Zaiko in …
Read More Hippo Intends Reverse Stock Split After NYSE Non-Compliance Notice
Hippo Holdings Inc. announced that it intends to file a proxy statement with the Securities and Exchange Commission that includes a proposal for a reverse stock split. This move comes in connection with a special meeting of stockholders to be …
Read More Crews Protect Homes as California Wildfire Burns Near Yosemite
A destructive wildfire near Yosemite National Park burned out of control through tinder-dry forest on Sunday and had grown into one of California’s biggest blazes of the year, forcing thousands of residents to flee remote mountain communities. Some 2,000 firefighters …
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