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Carolina Supreme Court Limits Damages from Needle Stick in Target Parking Lot

Carla Denise Garrison’s 8-year-old daughter picked up a used hypodermic needle from the parking lot outside a Target store and asked, “Mommy, what is this?” Garrison instinctively swatted the syringe away, poking her daughter’s palm in the process. The puncture …

Tesla’s Musk Sees Safe Self-Driving Vehicle This Year and Humanoid Robot Next Year

Tesla’s most important products this year and next will not be cars, Chief Executive Elon Musk said on Wednesday, but software that drives them autonomously and a humanoid robot. The audacious promises by the best-known billionaire in the electric car …

Insurtech Accelerant Raises $190 Million

InsurTech Accelerant raised more than $190 million at a $2 billion pre-money valuation in its latest funding round. Atlanta-based Accelerant serves a network of managing general underwriters (MGU) and program administrators (PA) that it refers to as its members. The …

People Moves: Liberty GTS Expands in Europe; AEGIS London Promotes Yeldham to CUO; Brit Names Argo’s Allen, MAP’s Poynder for Property Facilities Team

This edition of International People Moves details appointments at Liberty Global Transactions, AEGIS London and Brit Ltd. A summary of these new hires follows here. Liberty Global Transaction Solutions Expands European Presence Liberty Global Transaction Solutions announced that, as part …

QBE Launches Sustainable Energies Unit to Support Clients’ Transition to Lower Carbon

QBE has launched a Sustainable Energies unit to support customers as they transition to lower carbon energy. The unit will align QBE underwriting capabilities across construction, operational, casualty and D&O lines, focusing on underwriting the growing range of companies and …

Michigan Woman Sentenced For Committing $15,000 in Auto Insurance Fraud

Michigan Attorney General Dana Nessel and Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox announced that a Michigan resident who pled guilty to auto insurance fraud has been sentenced to pay restitution and fines of more than …

FERMA Launches Risk Management Tool for Remote Working

The Federation of European Risk Management Associations (FERMA) has launched a simplified guide to risk mapping for remote working. The tool consists of a simple questionnaire that organizations of any size can use. Using a template of risks and opportunities …

Insurtech MIC Global Receives ‘In-Principle’ Approval to Launch Lloyd’s Syndicate

Insurtech MIC Global has received “in-principle” approval from Lloyd’s for the creation of MIC Global Insurance Syndicate 5183. UK-based MIC Global provides end-to-end digital micro insurance products, providing cover for millions of people and businesses that are unserved by current …

Arkansas Insurance Commissioner to Chair NAIC Workers’ Comp Task Force

Arkansas Insurance Commissioner Alan McClain has been appointed by the National Association of Insurance Commissioners (NAIC) to serve as the Chair for the Workers’ Compensation (C) Task Force, a subgroup of the Property and Casualty (C) Committee, commonly referred to …

UK Regulator to Review ‘Crippling’ Post-Grenfell Property Insurance Costs

Property insurers have forced “crippling costs” onto residents of apartment blocks in the aftermath of the Grenfell disaster, the U.K. government said as it requested a review of the market. Some residents in medium- and high-rise buildings have seen their …

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