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Built on Organic Growth, S. African Insurer Discovery Now Weighs M&As
South African insurer Discovery could expand through acquisitions in the future but must first work out how its innovative fluctuating premiums, based on clients’ lifestyle behaviors, could be applied to more traditional businesses. Discovery has spent more than two decades …

POSTED FEBRUARY 21, 2019 2:13 PM
Insurtechs Neptune, Hippo Unite Home, Flood Insurance Online for Speedy Purchasing
Flood insurance company Neptune Flood has partnered with online Hippo Insurance to provide consumers with quick access to flood insurance as part of purchasing of home insurance. Hippo promises quick processing and modernized home insurance coverage at a savings. It …

POSTED FEBRUARY 21, 2019 2:01 PM
AM Best Removes from Under Review, Downgrades Ratings for American Sentinel
AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B++ (Good) from A (Excellent) and the Long-Term Issuer Credit Rating to “bbb” from “a” of American Sentinel Insurance Company of Harrisburg, Penn. …

POSTED FEBRUARY 21, 2019 1:55 PM
Family of Massachusetts Woman Killed by Manhole Cover Files Lawsuit
The family of a Massachusetts woman killed on her way to work when a 200-pound manhole cover flew up and crashed through her vehicle’s windshield has sued the state Transportation Department and two contractors. The wrongful death suit filed by …

POSTED FEBRUARY 21, 2019 1:47 PM
Vermont Gets More Than $2M in Amtrak Rail Safety Grants
The Vermont Agency of Transportation is getting more than $2 million for safety upgrades along the route of the Amtrak Vermonter, addressing conditions that resulted in a 2015 derailment. The money from the Federal Railroad Administration will be used to …

POSTED FEBRUARY 21, 2019 1:38 PM
Insurtech Trov Now Selling in 7 Additional States and D.C.
Insurtech Trōv is now offering its on-demand online, single-item insurance products in seven additional states and the District of Columbia. Trōv has now expanded into Alabama, Arkansas, Georgia, Hawaii, Iowa, Michigan, Tennessee and Washington, D.C. The insurtech company had previously …

POSTED FEBRUARY 21, 2019 1:29 PM
‘Sextortion’ Is Emerging Cyber Risk Hitting Businesses, Warns Beazley
A new form of online bribery by cyber criminals who attempt to extort cryptocurrency by claiming to have potentially embarrassing evidence of people using adult websites on work computers is adding to the tide of cyber-related incidents hitting businesses, according …

POSTED FEBRUARY 21, 2019 1:10 PM
NASA Warns SpaceX, Boeing on Space Program Safety Concerns
NASA has warned SpaceX and Boeing Co. of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program later this year. …

POSTED FEBRUARY 21, 2019 1:08 PM
Insurers Shy Away from ETFs Even After Rule Change
Many insurance companies are steering clear of exchange-traded funds even after a high profile rule change designed to make them easier to own. Almost 40 percent of insurers aren’t using ETFs more than a year after the National Association of …

POSTED FEBRUARY 21, 2019 12:58 PM
One of Lawsuits by Kids Against Trump Climate Policies Dismissed
A federal judge has dismissed a lawsuit by two Pennsylvania boys and an environmental group seeking to stop U.S. President Donald Trump from rolling back regulations addressing climate change, saying the court does not have power to tell the White …

POSTED FEBRUARY 21, 2019 12:50 PM

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