INSURANCE NEWS
Jilted Fiancée Must Return $70,000 Ring as Court Ends At-Fault Inquiry
Who gets to keep an engagement ring if a romance turns sour and the wedding is called off? That’s what the highest court in Massachusetts was asked to decide with a $70,000 ring at the center of the dispute. The …
South Africa Declares National Disaster After Floods, Storms
South Africa declared a national disaster after floods and storms caused widespread damage in the country, allowing the government to free up funds for relief and reconstruction. Disruptive rains, floods, strong winds and hail from Oct. 22 to Oct. 29 …
Italian Sea Group Says It Is Not Liable in Mike Lynch Superyacht Sinking
Italian Sea Group is not liable in relation to the fatal sinking of Mike Lynch’s superyacht, which killed the British tech billionaire and six others, its chief executive said on Tuesday. The Bayesian was built in 2008 by Perini Navi, …
Argentina Fintech Ualá Raises $300 Million in Round Led by Allianz X
Argentine fintech company Ualá has raised $300 million from investors at a valuation of $2.75 billion, the latest funding haul for one of the most valuable startups in Latin America. The Series E round was led by Allianz X, the …
Meta Pushes Back Against FTC Effort to Toughen Privacy Order
Meta Platforms Inc. rebuffed the Federal Trade Commission’s plans to modify a 2020 privacy settlement with the company, arguing that such a move would need approval from a federal court. A Meta lawyer told the FTC’s five commissioners at a …
‘Make America Healthy Again’: RFK Jr. Wins Over Fans by Stoking Food Toxin Fear
“Make America Great Again” has long been a signature phrase at Donald Trump’s rally speeches. Its recent offshoot, “Make America Healthy Again” or MAHA, is now spreading on social media as fitness influencers and parents embrace a push by Robert …
People Moves: NFP Appoints Boester Head of Sports and Entertainment Group; Galvin and Fujikawa Join Alliant’s Employee Benefits
NFP Appoints Boester Head of Sports and Entertainment Group NFP, an Aon company headquartered in New York City, named Eric Boester, its chief marketing officer (CMO), as the new head of its sports and entertainment group. The group advises leagues …
People Moves: US Premium Finance Hires Malone From AFCO Direct
US Premium Finance, a division of Atlanta-based Ameris Bank, named Alan Malone director of sales and marketing. Malone has more than 30 years of experience in insurance premium finance. He was previously senior vice president and regional sales manager at …
Alphabet’s Waymo Opens Autonomous Ride-Hailing Service to All in Los Angeles
Alphabet’s Waymo said on Tuesday its autonomous ride-hailing service, Waymo One, is now available to everyone in Los Angeles, a sign of rapid growth and adoption of the technology. Waymo had closed a $5.6 billion funding round last month, as …
Safeco to Take Personal Lines Renewal Business of Main Street America
Liberty Mutual’s Safeco Insurance has agreed to take the personal lines business of Main Street America, marking the second time in two months that Safeco has stepped in to assume a personal lines book of business from another insurer. Main …
World Insurance Associates Expands Louisiana Texas With 5 Acquisitions
World Insurance Associates LLC (“World”), announced today that it acquired the business of five entities with locations across Louisiana and Texas on August 1, 2024. The agencies are The Firm of Louisiana P&C, LLC (Lake Charles), McFatter Insurance Agency, Inc. …
Supreme Court Lets Stand Ruling Curbing Bid-Rigging Prosecutions
The US Supreme Court left intact a ruling that curbs the Justice Department’s ability to use federal antitrust law to prosecute people and companies for bid-rigging, price-fixing and other collusion. The justices, without comment, turned away a Biden administration appeal …