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Singapore Plans to Review Cybersecurity Strategy and Laws

Singapore plans to review its strategy to further safeguard the country against cyber attacks, and may also revise its laws in this area. An updated strategy would give businesses and people better tools to deal with cybersecurity, Josephine Teo, the …

Insurate, Workers’ Compensation Insurtech, Secures $4.5M Investment

Omaha-based Insurate, a data science-based provider of workers’ compensation, announced a $4.5 million seed round led by HSCM Ventures, the venture capital arm of Hudson Structured Capital Management Ltd. Joining the round are Foundation Capital, Revolution’s Rise of the Rest …

California Orders 3 Insurers to Give Refunds for Those Who Drove Less During Pandemic

California Insurance Commissioner Ricardo Lara on Wednesday directed three auto insurance companies to reimburse California drivers the excess premiums they were charged from the start of the pandemic, or face legal action. The commissioner’s order is directed at Allstate Northbrook …

Slow Response to Report of California Oil Spill, Records Show

The U.S. Coast Guard received the first report of a possible oil spill off the Southern California coast more than 12 hours before a company reported the major leak in its pipeline and a cleanup effort was launched, records show. …

California Jury Awards $6.3M to Actress in State Farm Fire Suit

A federal jury in Los Angeles awarded $6.3 million to actor Shannen Doherty on Monday in a lawsuit alleging that State Farm failed to pay sufficiently for damage to her house in a 2018 California wildfire. The jury found that …

Inszone Acquires Yuma Foothills Insurance in Arizona

Inszone Insurance Services acquired Yuma Foothills Insurance in Yuma, Ariz. Yuma Foothills Insurance has provided insurance services to both businesses and residents of Yuma and surrounding areas for more than 25 years. Following the transition, Yuma Foothills Insurance employees will …

Pennsylvania Man Sentenced for Insurance Fraud After Staging Motor Vehicle Accident

A Pennsylvania man was sentenced to 180 days in the Essex County Correctional Facility as a condition of probation for committing insurance fraud when he staged a motor vehicle accident in Newark, New Jersey. James E. Payne of Wilkes Barre, …

Syracuse University Settles $3.7M Gender Pay Lawsuit

Syracuse University will pay $3.7 million to settle a lawsuit brought by five female faculty members who claimed they were paid less than their male counterparts who held equivalent positions. The settlement entered in state Supreme Court in Brooklyn will …

FEMA Flood Insurance Update Could Mean Higher Premiums in Connecticut

Flood insurance premiums figure to increase for thousands of Connecticut residents when the federal government implements a new rate system, some by as much as $100 per month – but most by up to $10 monthly. The Federal Emergency Management …

Kansas’ Fee Succeeds South Carolina’s Jensen as Chair of National Big ‘I’ Agents

The Independent Insurance Agents & Brokers of America (the Big “I”) installed Kansas’ Bob Fee, president of Fee Insurance Group Inc. in Hutchinson, as 2021-22 Big “I” chair at the recent Big “I” Fall Leadership Conference in Kansas City. Fee …

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