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

Virus Concerns Again Force Cancellation of New Jersey Marathon

Concerns about COVID-19 have prompted the cancellation of one of New Jersey’s premier road races for the second year in a row. The New Jersey Marathon and Half Marathon were scheduled to be held in and around Long Branch on …

New York Let Childhood Sex Abuse Victims Sue; 9,000 Went to Court

For two years, New York temporarily set aside its usual time limit on civil lawsuits in order to allow victims of childhood sexual abuse to sue churches, hospitals, schools, camps, scout groups and other institutions and people they hold responsible …

Classic Car Specialist Hagerty to Become Public Company in SPAC Deal

Classic car insurance specialist Hagerty is planning to go public in a deal with special purpose acquisition company Aldel Financial Inc. Upon the closing of the transaction, Aldel will be renamed Hagerty, Inc., and become publicly traded, with its common …

Insurtech Blue Marble Launches Weather-Index Crop Insurance for Pakistani Farmers

Blue Marble, a London-based insurtech that offers affordable insurance protection for low-income families and small businesses in emerging markets, has launched a weather-index insurance-pilot program for smallholder farmers in rural Pakistan. The pilot program, which will cover 500 farmers, is …

OneAdvent’s Financial Lines MGA Secures Capacity from Active Re

OneAdvent, the London-based managing general agency platform, has secured additional capacity for its financial lines MGA from Barbadian reinsurer Active Re. Active Re has granted delegated underwriting authority to OneAdvent to write financial institutions and commercial D&O on a facultative …

T-Mobile Says Hackers Stole 7.8 Million Current Customers’ Personal Data

T-Mobile US Inc. said on Wednesday an ongoing investigation into a cyberattack on its systems revealed that some personal data of about 7.8 million of its current postpaid customers were compromised. The company was made aware of the attack late …

Amazon Enters India Wealth Management with Investment in Smallcase Technologies

Amazon.com Inc. has made its maiden investment in India’s wealth management sector, participating in a $40 million round by fintech startup Smallcase Technologies Pvt. The Bangalore-headquartered startup said the round was led by Faering Capital Pvt and also joined by …

Groundbreaking Climate Court Victories Face Problems with Enforcement

Marjan Minnesma cheered along with her fellow climate activists in May when a judge ordered Royal Dutch Shell Plc to drastically slash its carbon-dioxide emissions. It was the first time a company had been held legally accountable for its planet-warming …

Global Fast Fashion Brands Helping to Drive Pollution of African Rivers: Report

JOHANNESBURG – Global fast fashion brands are helping drive pollution that has dyed African rivers blue or turned their waters as alkaline as bleach, according to a report published on Tuesday. Water Witness International’s (WWI) report featured the polluted rivers …

People Moves: ClearPath Promotes Mudd; Beecher Carlson Adds O’Reggio

ClearPath ClearPath Mutual Insurance Company has promoted Jo Jo Mudd to Underwriting Manager. Mudd joined the company in 2010 when it was KESA, The Kentucky Workers’ Compensation Fund, as a Senior Underwriter. Most recently, Mudd held the position of Senior …