Carrot General Insurance Corp., South Korea’s first digital-only insurance provider, announced that it has raised 100 billion won (US$88.7 million), which equals its founding capital raised in 2019. The Seoul-based digital non-life insurer was established through a joint partnership of …
India’s central bank warned about the growing presence of technology giants in the country’s digital financial services and payment systems which could pose a financial stability risk. In its semi-annual financial stability report, the Reserve Bank of India flagged concerns …
Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort to win insurance customers via mobile technology. The company is raising $200 million from Sequoia Capital India, existing investor Faering …
Gallagher announced the acquisition of Edelweiss Gallagher Insurance Brokers Ltd. (EGIBL) from Edelweiss Group, one of India’s leading diversified financial services firms. Gallagher previously held 30% in the business and is now acquiring all the remaining shares. Details of the …
A company whose northern Illinois chemical plant was heavily damaged in a fire defended its use of firefighting foam containing toxic chemicals, saying crews had taken steps to contain the material. An industrial team hired by Lubrizol Inc., parent company …
Numerous measures relating to the Texas Windstorm Insurance Association were filed in the Texas Legislature in 2021 and four made it to Gov. Greg Abbott’s desk. One, House Bill 769, has only two provisions. Authored by Rep. Mayes Middleton and …
The Biden administration said Wednesday it is hiring more federal firefighters — and immediately raising their pay — as officials ramp up response efforts in the face of a severe drought that is setting the stage for another destructive summer …
OSHA has cited a Missouri grain-handling facility for one willful and six serious safety violations, and proposed penalties of $215,525. The safety agency said that if MFA Enterprises Inc. – operating as West Central Agri Services – had addressed potential …
A group of environmentalists said Tuesday it intended to sue West Virginia over evidence of pollutants running into waterways from a coal mine site. In a letter to the West Virginia Department of Environmental Protection, the group alleges violations of …
Omaha National Insurance Company has added Jim Hempel as general counsel and David Bird vice president, accounting. Additionally, Derrald Farnsworth-Livingston has been promoted to vice president, IT infrastructure. Hempel joins Omaha National from Blue Cross Blue Shield of Nebraska, where …
