Monthly Archives: <span>February 2019</span>

Insurtechs Neptune, Hippo Unite Home, Flood Insurance Online for Speedy Purchasing

Flood insurance company Neptune Flood has partnered with online Hippo Insurance to provide consumers with quick access to flood insurance as part of purchasing of home insurance. Hippo promises quick processing and modernized home insurance coverage at a savings. It …

AM Best Removes from Under Review, Downgrades Ratings for American Sentinel

AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B++ (Good) from A (Excellent) and the Long-Term Issuer Credit Rating to “bbb” from “a” of American Sentinel Insurance Company of Harrisburg, Penn. …

Family of Massachusetts Woman Killed by Manhole Cover Files Lawsuit

The family of a Massachusetts woman killed on her way to work when a 200-pound manhole cover flew up and crashed through her vehicle’s windshield has sued the state Transportation Department and two contractors. The wrongful death suit filed by …

Vermont Gets More Than $2M in Amtrak Rail Safety Grants

The Vermont Agency of Transportation is getting more than $2 million for safety upgrades along the route of the Amtrak Vermonter, addressing conditions that resulted in a 2015 derailment. The money from the Federal Railroad Administration will be used to …

Insurtech Trov Now Selling in 7 Additional States and D.C.

Insurtech Trōv is now offering its on-demand online, single-item insurance products in seven additional states and the District of Columbia. Trōv has now expanded into Alabama, Arkansas, Georgia, Hawaii, Iowa, Michigan, Tennessee and Washington, D.C. The insurtech company had previously …

‘Sextortion’ Is Emerging Cyber Risk for Businesses, Warns Beazley

A new form of online bribery is emerging where cyber criminals attempt to extort cryptocurrency by claiming to have potentially embarrassing evidence of people using adult websites on work computers, according to a report issued by Beazley Breach Response (BBR) …

NASA Warns SpaceX, Boeing on Space Program Safety Concerns

NASA has warned SpaceX and Boeing Co. of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program later this year. …

Insurers Shy Away from ETFs Even After Rule Change

Many insurance companies are steering clear of exchange-traded funds even after a high profile rule change designed to make them easier to own. Almost 40 percent of insurers aren’t using ETFs more than a year after the National Association of …

One of Lawsuits by Kids Against Trump Climate Policies Dismissed

A federal judge has dismissed a lawsuit by two Pennsylvania boys and an environmental group seeking to stop U.S. President Donald Trump from rolling back regulations addressing climate change, saying the court does not have power to tell the White …

Johnson & Johnson Facing Justice, SEC Inquiries into Baby Powder Litigation

Johnson & Johnson said Wednesday it has received subpoenas from the U.S. Justice Department and the Securities and Exchange Commission (SEC) related to litigation involving alleged asbestos contamination in its signature Baby Powder product line. The company said it intends …