Three top Democratic senators on Wednesday unveiled a discussion draft of a bill that aims to make cannabis federally legal, a move that would allow adult Americans to buy and possess up to 10 ounces of marijuana without facing criminal …
The Travelers Companies said it has made a “strategic minority investment” in Fidelis Insurance Holdings, a privately-owned global specialty insurer and reinsurer. Neither side disclosed financial terms. “We are pleased to invest in a talented and proven management team and …
insurtech startup Lula plans to aggressively hire and expand its product capacity now that it has raised $18 million in new venture capital. Lula is an API (application programming interface) outfit that provides insurance infrastructure for companies including car rental …
Cyber criminals aren’t just stealing passwords and data. They’re stealing the spotlight. Amid the ongoing COVID-19 pandemic that has been a global focus since government shutdowns began in March of last year, insurers and businesses all over the world are …
Chinese telecommunications company Huawei Technologies Co. Ltd. and U.S. group Verizon Communications agreed to settle a pair of lawsuits alleging patent infringement, the companies both said on Monday. The confidential settlement came days into a trial that opened in one …
British comedian Sacha Baron Cohen on Tuesday won the dismissal of a $95 million defamation lawsuit by Roy Moore, a former U.S. Senate candidate from Alabama who claimed he was tricked into being portrayed falsely as a sex offender on …
Websites run by the ransomware gang REvil suddenly became unreachable on Tuesday, sparking widespread speculation that the group had been knocked offline. The Russia-linked cybercrime ring has collected tens of millions of dollars in ransom payments in return for restoring …
International General Insurance Holdings Ltd. (IGI) announced it has set up a European subsidiary in Malta in order to access business across Europe. International General Insurance Co. (Europe) SE (IGI Europe), a subsidiary of Bermuda-based International General Insurance Co. Ltd., …
Insurance broker Marsh announced the launch of its Engineering Hub in Al-Khobar, Saudi Arabia. The Engineering Hub is Marsh’s third in the Middle East and Africa (MEA) region along with existing hubs in Abu Dhabi and Dubai. The hub will …
Aviva Plc, the UK insurer and asset manager, warned the government that new safety proposals for high-rise apartment blocks could steer institutional investors away from the residential property market. The company last year urged the government to consider how its …
