March 9, 2021
Allianz’s technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer financing and other related digital services. The deal also includes a strategic partnership. The insurer’s Allianz X digital investment unit committed …
March 9, 2021
Texas surplus lines insurance premium recorded in Texas in February totaled $509.48 million, the Surplus Lines Stamping Office of Texas (SLTX) has reported. With the addition of February premium, the year-to-date total rose to $1.12 billion. This results in a …
March 9, 2021
The official committee representing child sex abuse victims in the Boy Scouts of America bankruptcy has agreed to give the BSA more time to respond to a lawsuit challenging BSA’s claims that several hundred millions dollars of its assets are …
March 9, 2021
Florida businesses would be protected from coronavirus lawsuits if they made a good effort to follow guidelines to prevent the spread of COVID-19 under a bill passed by the House on Friday. The House also passed a bill that would …
March 9, 2021
West Virginia environmental authorities said Friday that they are investigating the cause of highly acidic water flowing from a former mine complex to waterways in northern Preston County. Sediment and discharge 10 times as acidic as normal concentrations are entering …
March 8, 2021
Kia Lor, 54, of Merced, Calif., was arraigned on four counts of insurance fraud after an investigation by the California Department of Insurance found that she allegedly lied about the extent of prior injuries in an attempt to receive nearly …
March 8, 2021
Gov. Andy Beshear reiterated his promise to seek federal disaster relief on Friday while touring several flooded counties in Eastern Kentucky, the Lexington Herald-Leader reported. “What I saw was the worst flash-flooding that I’ve seen in my lifetime,” Beshear said …
March 8, 2021
West Virginia Gov. Jim Justice ordered to loosen pandemic restrictions on Friday at restaurants, bars and most businesses to allow full capacity at those establishments where social distancing is possible. The state’s mask mandate will remain in effect. Full capacity …
March 8, 2021
Bankrupt coal company Blackjewel was ordered by a federal judge last month to clean up a Kentucky mine site. In a bankruptcy court ruling, Judge Benjamin Kahn said the Bell County site presented a potential threat and ordered Blackjewel to …
March 8, 2021
LONDON – Greensill Capital filed for insolvency on Monday after losing insurance coverage for its debt repackaging business and said in its court filing that its largest client, GFG Alliance, had started to default on its debts. Greensill began to …