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Investors Are Increasingly Interested in a Novel Type of Weather Insurance
Insurance Journal | April 30, 2024
Investors Are Increasingly Interested in a Novel Type of Weather Insurance
Interest in startups trying to shake up the insurance industry is on the rise as weather catastrophes worsen. The latest sign: New York-based Arbol has raised $60 million in a Series B funding round. Founded in 2018, Arbol specializes in …
Billionaire Ellison Is Moving Oracle to Nashville From Texas
Insurance Journal | April 30, 2024
Billionaire Ellison Is Moving Oracle to Nashville From Texas
Larry Ellison plans to make Nashville the world headquarters for Oracle Corp., only a few years after relocating the tech giant from Silicon Valley to Austin. Ellison said Oracle is developing a campus in the Tennessee city, moving it closer …
Sister of Mississippi Man Who Died After Police Stop Rejects Settlement
Insurance Journal | April 30, 2024
Sister of Mississippi Man Who Died After Police Stop Rejects Settlement
JACKSON, Miss. (AP) — A woman who sued Mississippi’s capital city over the death of her brother has decided to reject a settlement after officials publicly disclosed how much the city would pay his survivors, her attorney said Wednesday. George …
People Moves: WTW Appoints deLaricheliere to FIPS Leadership Role; Risk Strategies Names Heron National Real Estate Practice Leader
Insurance Journal | April 30, 2024
People Moves: WTW Appoints deLaricheliere to FIPS Leadership Role; Risk Strategies Names Heron National Real Estate Practice Leader
WTW Appoints deLaricheliere to Leadership Role Within Financial Institutions and Professional Services WTW, headquartered in London, appointed Alex deLaricheliere as Strategy and execution leader and banking subvertical leader within the financial institutions and professional services (FIPS) industry division of corporate …
Maine Alters ‘Yellow Flag’ Law, Expands Mental Health Care in Wake of Shootings
Insurance Journal | April 30, 2024
Maine Alters ‘Yellow Flag’ Law, Expands Mental Health Care in Wake of Shootings
Democratic Gov. Janet Mills has signed into law a suite of gun safety legislation approved by lawmakers after the deadliest mass shooting in state history, expanding background checks for private sales of weapons, bolstering the state’s “yellow flag” law, criminalizing …
Ardonagh to Acquire Italian Commercial Lines Business Mansutti S.r.l
Insurance Journal | April 30, 2024
Ardonagh to Acquire Italian Commercial Lines Business Mansutti S.r.l
The Ardonagh Group, the London-based insurance distribution platform, announced it has agreed to acquire Mansutti S.r.l, the commercial lines business of Italian insurance broker, Mansutti SpA. Financial details of the deal were not disclosed. Founded in 1925, Mansutti SpA, which …
Tornado in Southern China Kills 5 People, Damages Factories in City of Guangzhou
Insurance Journal | April 30, 2024
Tornado in Southern China Kills 5 People, Damages Factories in City of Guangzhou
A tornado struck the southern Chinese city of Guangzhou on Saturday, killing five people and damaging more than 140 factory buildings, state media said. The China Meteorological Administration said the tornado struck about 3 p.m. in the Baiyun district of …
Recreational Marijuana Supporters Can Gather Signatures for North Dakota Ballot Initiative
Insurance Journal | April 30, 2024
Recreational Marijuana Supporters Can Gather Signatures for North Dakota Ballot Initiative
BISMARCK, N.D. (AP) — A North Dakota ballot initiative group can gather signatures to put a proposal legalizing recreational marijuana to a statewide vote in the fall, the state’s top election official said last Thursday, in the latest legalization effort …
Family of Chicago Man Killed in Police Shooting Files Wrongful Death Lawsuit
Insurance Journal | April 30, 2024
Family of Chicago Man Killed in Police Shooting Files Wrongful Death Lawsuit
CHICAGO (AP) — The family of a Chicago man killed when plainclothes police officers fired their guns nearly 100 times during a traffic stop filed a wrongful death lawsuit last week, accusing the department of “brutally violent” policing tactics. The …
UK’s Second Biggest Mortgage Lender Pulls Offers Over Flood Risk
Insurance Journal | April 30, 2024
UK’s Second Biggest Mortgage Lender Pulls Offers Over Flood Risk
The UK’s second biggest mortgage provider has stopped making loans on homes at risk of flooding, over fears they may become uninsurable — and therefore, unsellable — over the coming years. Nationwide Building Society uses mapping technology to identify which …