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AXA Ventures Leads $5M Investment in Cyber-Security Startup Hub Security

Hub Security, a startup that offers military-grade cyber-security solutions for fintech, cloud, blockchain and data storage, announced it has closed a $5 million Series A funding round led by AXA Ventures, with participation from Jerusalem-based OurCrowd. The company said the …

Fatal Teen Shooting in Washington Settled For $2.25M

King County in Washington has agreed to settle a civil rights lawsuit for $2.25 million, an apology and a sheriff’s promise to pursue a new policy to be named after the teenage victim of a fatal police shooting. The settlement …

Alaska Facing More Summer Cruise Ship Cancellations

Three cruise lines said this week they are canceling sailings to Alaska this summer, citing travel and other restrictions linked to coronavirus concerns. Two of the companies, Princess Cruises and Holland America Line, had previously announced sharply reduced plans for …

California Restaurants Have Plan for Reopening with Safeguards

California restaurants have drafted a plan to allow the industry to reopen for sit-down dining with an array of safeguards while avoiding possible requirements that customers have their temperature taken and the number of tables be dramatically limited. The recommendations, …

Tokio Marine HCC Names Khoury Vice President of Marketing in California

Tokio Marine HCC’s cyber and professional lines named Desiree Khoury vice president of marketing and business development. Khoury is based in Encino, Calif. and reports to David Lloyd, the group’s chief operating officer. As the group’s head of marketing, she …

Maine’s The MEMIC Group Releases Back-to-the-Workplace Safety Guidance

As states begin to lift restrictions on employers in various segments of the economy, MEMIC, a Portland, Maine-headquartered workers’ compensation insurance specialty company, has released an employer guide for safety procedures. The MEMIC Pandemic Recovery Safety Planning template includes forms …

New Jersey’s ProSight Global Adds Three to Its Senior Management Team

ProSight Global Inc. has added three members to its senior management team. It recently hired Chief Claims Officer Donna Biondich, Chief Investment Officer Nico Santini and Jeff Arricale, chief of staff and head of capital markets. Biondich joined ProSight in …

Q1 Insurtech Fundraising Drops 54% on COVID-19 Disruption: Willis Towers Watson

Overall funding for insurtech investments decreased by 54% during the first quarter as a result of the COVID-19 crisis, compared to a record high in Q1 last year, according to a report from Willis Towers Watson. Nevertheless, insurtech companies still …

White House Quashes ‘Overly Specific’ CDC Guide for Reopening of Economy

The White House shelved a step-by-step guide prepared by U.S. health officials to help states safely reopen mass transit, restaurants, daycare centers and other public places closed by the coronavirus pandemic, an administration official said on Thursday. The 17-page document …

Trump Administration Revises Sexual Assault Response Rules for Schools

Education Secretary Betsy DeVos on Wednesday issued a new policy that will reshape the way schools and universities respond to complaints of sexual misconduct, bolstering the rights of the accused and narrowing the scope of cases colleges are required to …

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