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

World Insurance Associates Acquires New Jersey’s McCue Captains Agency

World Insurance Associates LLC (WIA) has acquired McCue Captains Agency of Little Silver, New Jersey, on July 1, 2021. Terms of the transaction were not disclosed. McCue Captains Agency was founded in 1927 as a local independent insurance agent. They …

Q&A: Have Drivers Gotten Worse Since COVID?

As the restrictions around COVID-19 are lifted, and more and more people hit the road to return to their work spaces and routines, there has been a familiar refrain: “People have forgotten how to drive.” Is it true? Are drivers …

Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom

Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines will combine to push premiums 10% above pre-COVID-19-crisis levels this year, creating a faster bounceback than from the global financial …

Drug Overdose Deaths Hit Record 93,000 During 2020 Pandemic

Overdose deaths soared to a record 93,000 last year in the midst of the COVID-19 pandemic, the U.S. government reported Wednesday. That estimate far eclipses the high of about 72,000 drug overdose deaths reached the previous year and amounts to …

Cape Analytics Gains $44 Million in Financing

Cape Analytics has attracted $44 million in new financing that the of property data firm plans to use for expansion, accelerated product development, and hiring of more machine learning, data science and risk experts. Launched in 2014, Cape Analytics uses …

Houston Fans Shamed by Astros Cheating Scandal Strike Out with Lawsuit

Houston Astros ticket holders can’t sue the team over its signal-stealing scandal even if it caused them “embarrassment, disappointment, shame and disgrace,” a Texas appeals court ruled Thursday. Buying a ticket gives sports fans the license for a seat at …

Uber to Share Sexual Assault Claims Data on Website in Deal with California Regulator

Uber Technologies Inc. on Thursday reached a preliminary agreement with a California regulator for sharing data on sexual assault and harassment claims on its platform while protecting victims’ privacy and avoiding a $59 million fine. Under the proposal outlined in …

U.S. Launches ‘Stop Ransomware’ Website; Offers Reward Up to $10M

The State Department will offer rewards up to $10 million for information leading to the identification of anyone engaged in foreign state-sanctioned malicious cyber activity against critical U.S. infrastructure — including ransomware attacks — and the White House has launched …

Fintech and On-Demand Insurer N26 Eyes Value of About $10B in New Fundraising

N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the German fintech at about $10 billion, according to people familiar with the matter. The firm, backed by billionaires Peter Thiel …

Germany Reels from Flood ‘Catastrophe’; Insurers Expect Costly Claims for 2021

Chancellor Angela Merkel pledged swift help backed by “all the power of the state” for people affected by devastating flooding in western Germany, where at least 42 people have died and dozens are missing. Following heavy rain Wednesday night into …