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Insurtech Venture Capital Fund Seeks Digital MGA Startups for Lab

InsurTech Fund, a venture capital fund associated with InsurTech NY, has announced that it will be accepting applications for its first Digital MGA Lab, a three-month program focused on managing general agents. The program is designed for digital brokers, analytics …

Cowbell Doubles Underwriting Capacity With Palomar

Cowbell Cyber said it reached an agreement with Palomar Excess & Surplus Insurance Company to double the available reinsurance capacity for Cowbell Prime 250, Cowbell’s cyber coverage for businesses with up to $250 million in revenue. The expanded relationship between …

U.S.-Based 3M Faces More Costs After $581M Chemical Cleanup Pact in Belgium

3M Co. still faces the prospect of additional costs to resolve contamination liabilities in Belgium after reaching an agreement to clean up and remediate PFAS, the so-called forever chemicals used in many consumer goods, a government official said. The St. …

Tech Giants Brace for Legal Mess of Abortion Data Subpoenas

Technology giants including Apple Inc., Microsoft Corp. and Google, facing questions about whether they’d hand over users’ personal data to authorities pursuing evidence on abortion seekers, are bracing for the multi-state legal quagmire that will govern privacy in a post-Roe …

People Moves: Lloyd’s Europe Hires Heugues From Ageas as Chief Underwriter; Parsyl Staffs London Marine Cargo Office

Lloyd’s Europe reports the appointment of Bertrand Heugues as chief underwriting officer effective 14 July. He will be responsible for overseeing underwriting, delegated authority management, claims and the reinsurance business. Bertrand joins Lloyd’s Europe from Ageas in Brussels where he …

Appeals Court Upholds Dismissal of Alabama Judge’s Suit Against ‘Borat’ Comedian

Sacha Baron Cohen on Thursday defeated an appeal by former Alabama Chief Justice Roy Moore who had accused the British comedian of defamation for falsely portraying him as a pedophile in an interview for the show “Who Is America?” In …

Vermont Man Facing Murder, Insurance Fraud Charges Seeks Release From Custody

The Vermont man charged with killing his mother at sea in a plot to inherit millions of dollars has asked a federal court to authorize his release from custody pending trial. The attorneys for Nathan Carman filed a motion Wednesday …

UK Judges Clear Path for $7B Suit Against BHP Over Deadly Brazil Dam Collapse

UK judges paved the way for a group of more than 200,000 people to bring a suit against BHP Group Ltd. over its role in the deadly collapse of a mining dam in Brazil. The appeal judges overturned a lower …

Coalition Closes $250M in Series F Funding, Bringing Its Valuation to $5B

Coalition announced it has raised an additional $250 million to accelerate its growth, power international expansion and broaden the services it offers to help organizations manage digital risk. This funding round closed in June with participation from Allianz X, Valor …

Insurance Losses From Sydney Floods Approach A$100M: ICA

Insurers have received 8,415 claims as a result of July’s floods in Sydney, carrying an initial estimated insurance price tag of A$97.9 million (US$66.8 million), according to the Insurance Council of Australia (ICA). The ICA said 84% of the claims …

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