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Insurance Technology: Socotra Snaps Up Startup Portal; Marble Mobilizes Rewards App; RMS Unveils UnderwriteIQ; Vertafore Powers Tokio Marine Surety
Socotra Acquires Avolanta, Adding Unified Agent and Customer Portal Insurance carrier technology firm Socotra reports it has acquired Avolanta, a Columbia, South Carolina software startup offering a unified portal built for the insurance industry. Terms were not disclosed. Avolanta enables …
POSTED MAY 26, 2022 5:32 AM |
Can U.S. Gunmakers Be Liable for Mass Shooting?
An 18-year-old gunman stormed a Texas elementary school on Tuesday and killed 19 children and two teachers, reigniting a debate in the United States over gun control and the potential legal liability for manufacturers of firearms. Below is a look …
POSTED MAY 26, 2022 5:25 AM |
Florida Legislature Wraps Early with Insurance Fund, Roof and Condo Bills
By Wednesday morning, it was all over except for the speeches. The five-day special session on the insurance crisis turned into just three days, and without seeing adoption of a single modification to two bills that had been carefully crafted …
POSTED MAY 26, 2022 5:01 AM |
Massive Blaze Damages Newly Renovated Newport Hotel
NEWPORT, R.I. —Three firefighters were injured battling a major fire at a recently renovated hotel in Newport, Rhode Island, fire officials said. The fire at the Wayfinder Hotel was reported at about 8 p.m. Monday and crews remained on the …
POSTED MAY 26, 2022 5:00 AM |
Report: California Workers’ Comp Written Premium for 2021 Down 2%
California written premium for 2021 was 2% below 2020 and 14% below 2019, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California issued released its quarterly experience report, an update on California statewide insurer experience valued as …
POSTED MAY 26, 2022 5:00 AM |
Federal Judge Upholds New York Law Allowing Lawsuits Against Gun Industry
A federal judge on Wednesday threw out a lawsuit by a group of gun manufacturers, distributors and retailers challenging the constitutionality of a New York law that allows the state and people affected by gun violence to sue the industry. …
POSTED MAY 26, 2022 5:00 AM |
New York Opens New Window for Adult Sex Abuse Survivors to Sue
Adult sexual assault survivors who missed legal deadlines to sue their abusers would get a second chance to file lawsuits under a bill that received final approval Monday from New York’s Legislature. Once it becomes law, the Adult Survivors Act …
POSTED MAY 26, 2022 5:00 AM |
UCLA to Pay Nearly $700M in Doctor Abuse Lawsuits
The University of California system announced Tuesday it will pay nearly $375 million to more than 300 women who said they were sexually abused by a UCLA gynecologist, bringing a record amount in total payouts by a public university in …
POSTED MAY 26, 2022 5:00 AM |
California Moves Toward Allowing Lawsuits Over Illegal Guns
Spurred by Tuesday’s deadly elementary school shooting in Texas, California senators approved giving people the power to sue those who traffic in illegal firearms, mimicking a Texas law that is intended to deter abortions. Democratic Gov. Gavin Newsom sought the …
POSTED MAY 25, 2022 11:05 PM |
People Moves: Benet Named AXA XL Global CUO; Resilience Hires Ho for Lead Underwriting Role
AXA XL has named Libby Benet to the role of global chief underwriting officer (GCUO), succeeding Nancy Bewlay, who recently assumed leadership of AXA XL’s global reinsurance operation. According to AXA XL CEO Scott Gunter, “Given the GCUO’s responsibility for …
POSTED MAY 25, 2022 5:20 PM |
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