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Take This Year’s Agency Salary Survey: Deadline Friday

Each year Insurance Journal asks retail agency owners, principals, producers, CSRs — the entire agency — to participate in the Insurance Journal Agency Salary Survey for publication in Insurance Journal magazine. Participation in the survey takes about 15 minutes to …

Philadelphia Sued by Man Exonerated After 37 Years in Prison

A Philadelphia man freed after 37 years in prison in a case tainted by perjured testimony accused the city of “outrageous police misconduct” in a lawsuit filed Thursday, the same day his 1984 murder case was dismissed. Willie Stokes left …

How Work-From-Home Has Spurred Blue-Collar Americans to Shift Careers

The pandemic shift to working at home has spurred blue-collar Americans -– who’ve largely been left out of that trend -– to seek a career change. A new study by the Oliver Wyman Forum found that the desire for more …

Insurers Making Waves with Wider Use of IoT Leak, Temp Sensors

Wouldn’t it be nice, if, instead of relying on adjusters and restoration companies to surmise how much damage was actually caused by a water leak, an insurer could stop the leak almost before it starts. That’s now the reality for …

Crypto Exchange Binance Builds $1B Insurance Fund After Industry’s Recent Hacks

Binance Holdings Ltd. has built up a $1 billion insurance fund for its users amid a barrage of hacks on cryptocurrency trading platforms, according to a memo. Binance, the world’s largest crypto exchange by trading volume, has been earmarking money …

Hackers Seize $80M of Digital Assets From Qubit in Latest DeFi Attack

More than $80 million of digital assets were swiped from a decentralized finance platform in the latest hack of cryptocurrency trading marketplaces. A blockchain extension by Qubit Finance, a DeFi lending firm, was exploited by a hacker on Thursday night, …

Louisiana Accepting Buyout Applications in Flood-Prone City

The state of Louisiana is now accepting buyout applications from some property owners in a Livingston Parish neighborhood that continually floods. The buyout program affects property owners in Priority Zone 1 of the Spring Park neighborhood of Denham Springs. The …

First Online M&A Insurance Marketplace Launches in Australia

io.insure, the world’s first online mergers and acquisitions (M&A) insurance marketplace for small and medium-sized business (SME) transactions, announced it has launched in Australia. The io.insure marketplace is designed to bridge the significant risk protection gap in the niche M&A …

Berkshire’s, SoftBank’s Early Investments in India’s Paytm Sour After Stock Rout

The collapse in the shares of Paytm following India’s largest initial public offering is proving an expensive lesson for the firm’s early backers. Paytm shares have tumbled 58% since the stock listed on Nov. 18. That’s cut the valuation of …

Officials of AstraZeneca China Summoned About Probe of Suspected Insurance Fraud

Chinese authorities summoned officials of AstraZeneca China regarding an investigation of suspected medical insurance fraud by the company’s employees, the National Healthcare Security Administration (NHSA) said on Saturday. The regulator of the state medical insurance fund said authorities ordered the …

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