Monthly Archives: <span>June 2020</span>

New Jersey Transit Bus Hits, Kills Pedestrian in Bergen County

The rear tire of a New Jersey Transit bus struck and killed a woman in Bergen County early Wednesday, the agency said. The bus was heading to Cresskill from New York’s Port Authority Bus Terminal when the accident occurred in …

Nationwide Insurance Joins Investors in Planck’s $16 Million Financing Round

Nationwide, eyeing the possibilities with technology startup Planck’s small commercial insurance data platform, has joined the company’s latest financing round. Planck recently raised $16 million in a Series B venture financing round led by Team8 Capital. All existing investors including …

The Professional Insurance Agents of New Jersey Elects Five to Board of Directors

The Professional Insurance Agents of New Jersey (PIANJ) elected five independent insurance agents from around the state to its board of directors at the association’s annual business meeting. The following individuals were re-elected to serve for a three-year term, expiring …

Marsh JLT Specialty Expands Renewable Energy Team with Appointments in Canada, UK

Insurance broker Marsh announced two senior appointments within Marsh JLT Specialty’s Renewable Energy team, as part of its continued expansion in the global renewable energy sector. Joanne Silberberg has been appointed as Canadian Renewable Energy leader. Silberberg joined Marsh in …

Property Services Company Agrees to $550K Settlement in Massachusetts

A property services company has agreed to pay $550,000 and change its business practices to settle allegations that it violated state consumer protection laws by illegally profiting from Massachusetts homeowners facing foreclosure, the state attorney general’s office announced Thursday. The …

Absenteeism at Meatpacking Plants Tied to Workplace Safety Concerns

Smithfield Foods Inc. is missing about a third of its employees at a South Dakota pork plant because they are quarantined or afraid to return to work after a severe coronavirus outbreak, according to the workers’ union. Tyson Foods Inc. …

Companies Press Insurance Brokers for Workarounds to Rising D&O Costs

When Elon Musk said in April he was dropping the insurance policy that protects Tesla Inc.’s board from shareholder lawsuits, it got Skip McBride’s attention. To McBride, who used to manage law firm Bracewell LLP’s malpractice exposure, Musk’s decision to …

U.S. to Publicly Share Autonomous Vehicle Testing Data

U.S. auto safety regulators will unveil on Monday a voluntary effort to collect and make available nationwide data on existing autonomous vehicle testing. U.S. states have a variety of regulations governing self-driving testing and data disclosure and there is currently …

Cryptocurrency Firm Quadriga Collapsed Due to Late Founder’s Ponzi Scheme: Regulator

Last year’s collapse of Canadian cryptocurrency trading platform QuadrigaCX was due to a Ponzi scheme operated by founder Gerald Cotten, who died suddenly in December 2018, the country’s biggest securities regulator said on Thursday. Cotten died at age 30 from …

UK Insurer Admiral Weighs Sale of Price Comparison Platform

UK car and home insurer Admiral Group Plc is considering a potential sale of its price comparison platform Penguin Portals, according to people familiar with the matter. The FTSE 100 company is working with boutique advisory firm Houlihan Lokey Inc. …