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

Update: India’s Digital Payments Startup Paytm Seeks to Raise $2.23 Billion in IPO

BENGALURU – Indian digital payments leader Paytm, which counts Ant Group and Softbank among its backers, is seeking regulatory approval to raise up to 166 billion rupees ($2.23 billion) in one of the biggest stock market listings in the country. …

People Moves: Church Mutual Adds Stampen as Chief People Officer; Lau Now COO at Robertson Ryan; J.M. Wilson Promotes Mandwee, Hires Head and Durflinger

Church Mutual Insurance Pamela Stampen has been named chief people officer of Merrill, Wisconsin-based Church Mutual Insurance Co., reporting to Rich Poirier, president and CEO. Stampen’s role will encompass all the essential elements of recruitment and retention – learning and …

Texas House Honors TSLA’s Patterson for 40 Years of Service

In 2006, when Jean Patterson, executive director of the Texas Surplus Lines Association, was marking her 25 years with the organization, she said her relationships with the “wonderful members” of TSLA are what keeps her “coming to work each and …

Biden Administration Plans More Ransom Payment Tracing in Fight Against Attacks

The Biden administration intends to crack down on the use of cryptocurrencies in ransomware attacks through more rigorous tracing of proceeds paid to hackers behind the disabling of companies, government agencies and organizations, according to people familiar with the matter. …

U.S. Heatwave ‘Virtually Impossible’ Without Climate Change, Scientists Say

An international group of 27 climate scientists have concluded that the recent heat wave in the Pacific Northwest was “virtually impossible without human-caused climate change.” National Weather Service reports show that in late June Seattle, Wash., reached all-time high temperature …

Florida Judge Approves Sale of Property Where Collapsed Surfside Condo Stood

A Florida judge on Wednesday approved the sale of the oceanfront property where a collapsed Florida condominium building once stood, with proceeds intended to benefit victims of the deadly disaster. At a hearing, Miami-Dade Circuit Judge Michael Hanzman ordered that …

Columbus, Georgia To Pay $500,000 To Settle 2017 Police Custody Death

A local government in Georgia agreed Tuesday to pay $500,000 to settle a lawsuit brought by the family of a Hispanic man who died in a struggle with police officers 2017. Columbus Council members met in closed session and approved …

Newfront and ABD Insurance in California Agree to Merge

California companies Newfront Insurance and ABD Insurance and Financial Services have entered into an agreement to combine. The merger values the combined company, which will be called Newfront, at $1.35 billion and is expected to close by the end of …

People Moves: Everest Re Promotes Moskowitz & Bell; AXIS Re Promotes Stirnemann, Janisch & Phillips; Sompo Hires ArgoGlobal’s Serra

This group of International People Moves details appointments at Everest Re, AXIS Re and Sompo International Holdings. A summary of these new hires follows here. Everest Re Group Ltd. announced the appointments of Ari Moskowitz and Peter Bell to critical …

Florida’s Citizens Insurance Seeks Rate Increase as Policy Count Skyrockets

The Citizens Property Insurance Corporation’s Board of Governors approved rate adjustments that will raise average premiums by an additional 2.3% in February 2022. The board for the state-backed insurer unanimously voted in favor of the rate increases, which head to …