Monthly Archives: <span>February 2021</span>

Bursting Pipes, Sagging Roofs Strain Texas Adjusters, Contractors

After the big freeze in Texas comes the big thaw — and the big demand for workers to repair the broken pipes and sagging roofs the retreating ice and snow will reveal. It could take months for contractors to fix …

About 1,000 EU Finance Firms, Such as Insurers, Eye Post-Brexit Outposts in UK

Around 1,000 European Union finance firms are expected to open their first offices in the UK after losing their passporting rights because of Brexit. Roughly two-thirds of the 1,500 money managers, payment firms and insurers that have applied for regulatory …

Airlines Urged to Ground 777 Jets After United Falling Debris Incident

Boeing Co. urged airlines to suspend the use of 777 jets with the same type of engine that shed debris over Denver at the weekend after U.S. regulators announced extra inspections and Japan suspended their use while considering further action. …

Uber’s UK Court Loss Likely to Trigger More Complaints from Gig Workers Across Europe

Uber Technologies Inc.’s defeat in a UK legal battle over the way it treats its drivers is set to trigger a wave of complaints from workers across the region. Britain’s Supreme Court ruled Friday that Uber must treat its drivers …

Israeli Insurtech Earnix Reaches $1 Billion Valuation After Financing Round

Israeli startup Earnix Ltd., which uses advanced analytics to help insurers and banks offer personalized financial products, reached a $1 billion valuation in a financing round led by Insight Partners. Existing investors Jerusalem Venture Partners, Vintage Investment Partners and Israel …

Insurer Wins Covid-19 Business Interruption Case Filed by New Orleans Restaurant

A New Orleans judge has denied a motion for declaratory judgment that insurance coverage is owed to a restaurant for business income that was lost when it was required to close its dining room because of the COVID-19 pandemic. The …

Risks of Business Failures ‘Remain Considerable,’ Says Fed

The risks of ongoing business failures in the United States “remain considerable” even as the economy emerges from the coronavirus pandemic, the Federal Reserve said on Friday in its semi-annual monetary policy report to Congress. Business borrowing “now stands near …

Insurers Seek to Question Abuse Claimants, Lawyers in Boy Scouts Bankruptcy

The judge presiding over the Boys Scout of America bankruptcy is weighing a request by insurance companies for permission to serve document requests on 1,400 people who have filed sexual abuse claims and to question scores of them under oath …

Researchers Testing If Wearable Wristwatch Can Detect COVID-19 Infection

University of Miami Miller School of Medicine researchers are recruiting health care workers to study whether a wearable device, a wristwatch, can capture real time data that can be used to alert wearers of subtle physiological changes that may indicate …

Miami Business Owners Accused of Evading $300K in Workers’ Comp Premiums

An investigation by the Florida Department of Financial Services’ Division of Investigative and Forensic Services (DIFS), Bureau of Workers’ Compensation Fraud, has led to the arrest of two business owners for allegedly failing to pay more than $300,000 in workers’ …