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

IncubEx, Led by Industry Veteran Eckert, Buys UK Insurtech Platform Insurwave

IncubEx Inc., a Chicago-based company that is chaired by industry veteran Neil Eckert and designs and develops new financial products in global environmental, climate risk and related commodity markets, announced the acquisition of Insurwave Ltd. Insurwave is an insurtech platform …

Reuters Special Report: Burnout: Firefighter Trauma Rises in Western States

Cal Fire Battalion Chief Miguel Watson wakes to the wind whipping through the trees. The whole night is ahead of him. He lies there and then, feeling restless, gets up and walks to his pickup truck. He listens to the …

Two Experts Debunk Some of the Biggest Myths Around Cyber Insurance

Cyber attacks are continuously evolving, and companies that don’t stay educated about the space could be caught off guard, experts say. “A lot of times, I think cyber has this type of mentality that it’s not going to happen to …

Wall Street Faces $22 Trillion Ticking Carbon Time Bomb

The clock is ticking for banks, insurers and asset managers still providing support to oil, gas and coal producers. It’s not just the moral imperative—that fossil-fuel use is destroying the atmosphere and life on Earth with it. It’s that their …

Claims Services Provider McLarens Forms Strategic Alliance With Polish Firm Saltex

McLarens, the Atlanta-based insurance services provider, has entered into a strategic alliance with Saltex, a Polish claims management and loss adjusting firm with offices in Warsaw and Wroclaw. Operating as McLarens’ exclusive affiliate in Poland, the partnership with Saltex will …

Ohio Jury Finds Major Pharmacy Chains Fueled Opioid Crisis

A Cleveland jury concluded Walmart Inc., CVS Health Corp. and Walgreens Boots Alliance Inc. helped create a public-health crisis by failing to properly monitor opioid prescriptions, the drug industry’s latest loss in the expanding litigation over the painkillers. The federal-court …

Investor Warburg Cuts Valuation of Ant Group by 15% to Below $200B: Source

HONG KONG – Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the Chinese fintech company by 15% to below $200 billion due to risks from a restructuring at the Hangzhou-based firm, a source with …

Washington Paper Mill Fined $140K for Failing to Protect Workers from COVID

A Cowlitz County, Washington, papermaking plant is facing nearly $140,000 in fines after one worker died and more than a dozen machine operators got sick with COVID-19. An inspection by the Department of Labor & Industries reportedly revealed that during …

U.S. Gunmakers Claim Mexico’s $10B Lawsuit Shows ‘Clash of National Values’

Gun makers including Smith & Wesson and Sturm, Ruger & Co. on Monday asked a U.S. judge to dismiss a lawsuit by the Mexican government accusing them of facilitating the trafficking of weapons to drug cartels, leading to thousands of …

Study: California Drops to 45th Nation in Highway Conditions

A new study out ranks California’s highway system 45th in the nation in overall cost-effectiveness and condition. The Annual Highway Report published by Reason Foundation is a two-spot drop from 43rd overall in the previous report. This is in part …