Allianz Targets Tech, Insurance Investments with $1.1B Venture Capital Fund

Article 0 Comments European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros ($1.1 billion), making it one of the largest corporate-backed venture funds in Europe. Allianz X was launched in 2016 with a 430 million-euro checkbook and has done about 15 deals, […]

As Health Plan Deductibles Rise, Expect More Workers’ Compensation Claims

Article 2 Comments Are employees injured at work more likely to file under workers’ compensation instead of group health insurance when their group health plan has a higher deductible? The Workers Compensation Research Institute (WCRI) found evidence they do in a new study it says has great relevance since the […]

Vermont Workers’ Comp Rates to Decrease for Third Year in a Row

Article 0 Comments Workers’ compensation insurance will continue to cost less for most Vermont employers when new rates approved by the Department of Financial Regulation (DFR) become effective on April 1, 2019. This is the third rate decrease since Governor Phil Scott took office and represents $10.5 million in pricing […]

UK to Extend No-Fly Zone for Drones Flying Near Airports

Article 0 Comments Britain will impose a 5 kilometer (3.1 mile) drone exclusion zone around its runways as the government responds to illegal incursions that closed London Gatwick airport for 36 hours in December, disrupting travel for more than 120,000 people. The measures, taking effect March 13, extend the current […]

Crypto Startup BitGo Offers Insurance Against Quadriga Cold-Wallet Debacle

Article 0 Comments While users of the troubled Quadriga CX cryptocurrency exchange remain unable to retrieve millions in funds, a startup backed by mainstream companies such as Goldman Sachs says they’re able to offer some protection. BitGo Inc., which provides custodian services on more than $2 billion in digital assets, […]

Hong Kong Insurer FWD Hires Ex-Deutsche Bank Dealmaker as M&A Adviser

Article 0 Comments FWD Group, the insurer backed by Hong Kong billionaire Richard Li, has hired former Deutsche Bank AG dealmaker Tan Boon-Kee as senior adviser for mergers and acquisitions. Tan, who will be based in Singapore, started in her new role at the acquisitive Asian insurer last week, a […]

Rail Tank Car Leak Injuries Lead to Safety Recommendations

Article 0 Comments The National Transportation Safety Board has issued five safety recommendations following completion of its investigation of the Aug. 27, 2016, chlorine release from a ruptured rail tank car near New Martinsville, West Virginia. There were eight injuries reported in connection with the accident that released 178,400 pounds […]

Supreme Court Justice Thomas Calls for Overturning Landmark Libel Case

Article 0 Comments Justice Clarence Thomas called for the U.S. Supreme Court to overturn the landmark 1964 New York Times v. Sullivan ruling, which protects news organizations from most libel suits when they write about public figures. Adding to a list of far-reaching positions he has taken on constitutional questions, […]

High School Student at Lincoln Memorial Protest Sues Washington Post

Article 2 Comments A high school student from Covington, Kentucky, sued the Washington Post for defamation on Tuesday, claiming the newspaper falsely accused him of racist acts and instigating a confrontation with a Native American activist in a January videotaped incident at the Lincoln Memorial. The lawsuit, filed in U.S. […]

Georgia Volunteer Firefighter Arrested for Arson

Article 0 Comments A volunteer firefighter from Nicholls, Ga., was arrested and charged with three counts of arson after a fire at a wood structure in Alma, Ga., according to a statement from the Georgia Department of Insurance (GADOI). Investigators in Safety Fire Commissioner Jim Beck’s Office responded to a […]