Markets

Senators Propose Targeted Approach to Reform Internet Liability

Two U.S. senators on Wednesday introduced legislation to reform part of a federal law that largely exempts tech platforms such as Facebook and Twitter from legal liability for the material their ...

Legal Experts: Bayer Hopes Science Will Prevent Future Roundup Lawsuits

Seeking to forestall further claims, Bayer AG is taking a risky bet that an independent scientific review will ultimately show that its widely used weed killer Roundup does not cause cancer, legal ...

Lemonade IPO Envisions Raising Up to $286M

Insurance startup Lemonade Inc, which is backed by SoftBank Group Corp, said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains ...

Nationwide, Swiss Re Among Carriers Participating in Upcoming NYC InsurTech Accelerator Program

An accelerator for growth-stage InsurTech startups is launching in New York City this fall. Several carriers and brokers will be participating, including Nationwide, Swiss Re and more. InsurTech NY ...

COVID-19 Kicks Public Company D&O Rate Hikes Into Overdrive

Rate-hike pressures were already robust for directors & officers liability insurance, but COVID-19 has kicked that into overdrive, according to a new Marsh report. "Although the current market ...

Tropical Storm Dolly Becomes Fourth Named Atlantic Storm of 2020

Tropical Storm Dolly spun up southeast of Halifax, Nova Scotia, becoming the Atlantic's fourth named storm of 2020, marking the third-fastest start to a storm season in more than a century. The ...

EasyJet Data Breach Lawsuit Draws More Than 10,000 People

EasyJet Plc faces a lawsuit over a data breach disclosed last month that potentially exposed private details of 9 million passengers. More than 10,000 people have joined the suit since it was filed ...

High-End Home Insurance MGA Openly Raises $15M; Expansion Planned

Openly, an InsurTech managing general agency focused on high-end home insurance, has raised $15 million in new funding. Plans call for using the cash infusion to expand the fledgling startup into a ...