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News – Insurance Journal
Commercial Lines Insurtech Bold Penguin Raises $32 Million in Latest Round
Bold Penguin, a Columbus Ohio commercial insurance technology provider, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 million since it started in 2016. The participation included …
POSTED SEPTEMBER 23, 2019 5:00 AM |
Music Copyright Law in Search of New Standard for Infringement
Willie Nelson has famously said a country song is “three chords and the truth.” It might not be so simple anymore. A flood of lawsuits is threatening to upend that concept, making trivial similarities in songs the basis for a …
POSTED SEPTEMBER 23, 2019 5:00 AM |
Judge Allows Tesla Investor’s Claim Over Musk’s ‘Extraordinary’ $56B Performance Pact
A Delaware state judge has rejected a request by the board of Tesla Inc. to dismiss a stockholder complaint over an “excessive” 2018 performance award to CEO Elon Musk. In the spring of 2018, shareholders of the electric car-maker approved …
POSTED SEPTEMBER 23, 2019 5:00 AM |
How Communities Are Trying to Adapt to Growing Wildfire Threat
Unless it’s Sunday, Kelly Loew is steering her rusty red Jeep down the same mail route in Shingletown, as she has six days a week for the last seven years. But she delivers less mail these days as California’s persistent …
POSTED SEPTEMBER 23, 2019 5:00 AM |
House OKs Government Stopgap Funding That Extends Flood Insurance Until Nov. 21
The Democratic-controlled House of Representatives last week passed a continuing resolution to extend federal government funding through Nov. 21 and avoid a government shutdown at the end of the month. The bipartisan vote of 301-123 saw three Democrats vote no …
POSTED SEPTEMBER 23, 2019 2:51 AM |
Former California Adjuster Hit With 180-day Sentence for Stealing $130K
Former licensed public adjuster John Schoon, 54, of Huntington Beach, Calif., was sentenced to 180 days in county jail and five years of felony probation after pleading guilty to three felony counts of embezzlement and one felony count of forgery. …
POSTED SEPTEMBER 20, 2019 8:32 PM |
Zurich Insurance Taps Giger from Swiss Regulator, FINMA, as Group Chief Risk Officer
Zurich Insurance Group announced that Peter Giger will join the group on Oct. 1, 2019, as group chief risk officer and a member of Zurich’s Executive Committee. He succeeds Alison Martin who was recently appointed chief executive officer Europe, Middle …
POSTED SEPTEMBER 20, 2019 5:15 PM |
Omaha National Promotes Senff to VP, Company Development
Nebraska-based Omaha National, a provider of workers’ compensation insurance and payroll services to small and midsize businesses, has promoted Mary Senff to vice president of company development. In this role she is responsible for the company employee development program and …
POSTED SEPTEMBER 20, 2019 4:54 PM |
Michigan School District to Pay $107K to Settle Federal Retaliation Lawsuit
A school district in Michigan will pay $107,000 do settle a federal retaliation lawsuit. The U.S. Equal Employment Opportunity Commission (EEOC) says the Waterford Public School System in Waterford, Michigan, will additionally provide other relief to settle the retaliation case. …
POSTED SEPTEMBER 20, 2019 4:43 PM |
Ohio AG: Opioid Settlement Should Be Spent Locally
Any money Ohio might receive from a settlement with OxyContin maker Purdue Pharma and other drugmakers should be spent at the local level, the state’s top lawyer said. Republican Attorney General Dave Yost told reporters that so many of the …
POSTED SEPTEMBER 20, 2019 4:31 PM |
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