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Businesses Must Require Proof of Vaccine as Strict Mandate Takes Effect in L.A.

Yoga studio owner David Gross felt relieved after Los Angeles passed a vaccine mandate that is among the strictest in the country, a measure that took effect Monday that requires proof of shots for everyone entering a wide variety of …

Robinhood Reports Data Breach and Extortion Payment Demand

The stock trading platform Robinhood Markets reported that it experienced a data breach on Nov. 3 that could potentially affect the email addresses of about five million customers and personal data of others. The hackers demanded an extortion payment. Robinhood …

U.S. Court Rejects Israeli Firm’s Immunity From Facebook Suit Over Malware

A U.S. appeals court said Facebook can pursue a lawsuit accusing Israel’s NSO Group of exploiting a bug in its WhatsApp messaging app to install malware allowing the surveillance of 1,400 people, including journalists, human rights activists and dissidents. In …

Judge Upholds United Airlines’ COVID Vaccine Mandate for Employees

A U.S. federal judge on Monday ruled United Airlines Holdings Inc. can impose a COVID-19 vaccine mandate on its employees that only provides unpaid leave for workers who are exempted for medical or religious reasons. U.S. District Judge Mark Pittman …

Xenia Acquires Financial and Specialty Business of London Broker Parker Norfolk

Xenia Broking Group Ltd. reports it has has acquired the trade credit and financial and specialty risk teams from specialist Lloyd’s insurance broker Parker Norfolk & Partners Ltd. The deal signals Xenia’s launch into the financial and specialty risks market, …

Top 20 Cyber Insurers in U.S. Including Loss Ratios: NAIC

The cyber insurance market in the U.S. grew to roughly $4.1 billion in direct written premiums in 2020, an increase of 29.1% from the prior year, reports the National Association of Insurance Commissioners (NAIC). According to the NAIC’s 2020 Cyber …

Greenpeace Germany Sues Volkswagen, Demands Tougher Climate Measures

Environmental activist Clara Mayer and the heads of Greenpeace Germany have sued Volkswagen in German court, the NGO said on Tuesday, accusing the automaker of failing to do its part to combat climate change. The claimants had given Volkswagen eight …

Telehealth Firms See Post-COVID Mental Health Crisis as Priority

LISBON — Demand for online mental health care will be a priority in the post-COVID world, bosses of telehealth apps say, after lockdowns took a toll on people’s wellbeing and requests for virtual appointments skyrocketed. “There’s a mental health crisis …

Canadian P/C Insurer Definity Seeks to Raise $1 Billion in IPO

Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25 billion ($1 billion) in an initial public offering, following in the footsteps of other large Canadian insurers that have moved …

Reinsurance Pricing Technology That Works During Hard and Soft Markets

Sean Bourgeois, the chief executive officer of Tremor, often hears people say that his company’s reinsurance price optimization technology works best in a soft market, when there’s a lot of competition and everybody wants to be on programs. That’s incorrect, …

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