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Cloud-Based Insurtech Startup Insly Raises €2.2M ($2.7M) in Funding
Insly, a cloud-based insurance platform, announced an investment of €2.2 million (US$2.7 million), led by Concentric and Black Pearls VC. Founded in 2015, Insly offers insurance policy management for insurance brokers and agents, as well as MGAs and wholesale. The …

POSTED MARCH 23, 2018 8:58 AM
China’s Fosun Still Interested in Acquiring Greek Insurer if Winning Bid Collapses
Fosun International Ltd came up short in its bid to buy National Bank of Greece SA’s insurance unit, but the Chinese conglomerate is still willing to swoop in if the winning bid collapses, albeit at a different price this time. …

POSTED MARCH 23, 2018 8:36 AM
Ohio Manufacturer Agrees to $1M Penalty for Health, Safety Violations
An Ohio auto parts manufacturer has agreed to a settlement that includes a $1 million penalty resulting from workplace health and safety violations, federal safety officials said. The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) said in …

POSTED MARCH 23, 2018 6:30 AM
Houston Considering New Floodplain Rules after Harvey
More than 80 percent of homes damaged by Hurricane Harvey in Houston’s floodplains could’ve been spared if they were at the higher elevation now being proposed by the mayor, according to a new report. The figures come from a new …

POSTED MARCH 23, 2018 6:24 AM
Arkansas Judge Tosses Licensing Process for Medical Pot Growers
An Arkansas judge on March 21 struck down the state’s decision to issue its first licenses to grow medical marijuana, ruling that the process for awarding the permits and the rankings of applicants were unconstitutional. Pulaski County Circuit Judge Wendell …

POSTED MARCH 23, 2018 6:21 AM
Indiana Governor Signs Bill Allowing Sale of CBD Oil
Indiana Gov. Eric Holcomb has signed a bill that allows for the widespread sale of a cannabis-derived oil. Cannabidiol, commonly referred to as CBD, is derived from marijuana and hemp and is believed to have therapeutic benefits, but it lacks …

POSTED MARCH 23, 2018 6:18 AM
Opioid Crisis Leads Arkansas Cities, Counties to Sue Drug Makers
A coalition of cities and counties around Arkansas announced it had sued dozens of makers and distributors of opioids, arguing that the companies should bear the cost of drug abuse in the state. The Association of Arkansas Counties and the …

POSTED MARCH 23, 2018 6:15 AM
Settlement Reached in Suit Against Minnesota Hospital over Discarded Baby Remains
A settlement has been reached in the lawsuit filed against a St. Paul hospital after staff accidentally discarded a woman’s stillborn baby in dirty laundry instead of cremating the remains. Regions Hospital’s attorney informed the judge presiding over the case …

POSTED MARCH 23, 2018 6:12 AM
Facebook User Sues Over Personal Data Release to Cambridge Analytica
A Facebook Inc. user sued the social network and a data research firm that played a role in the election of President Donald Trump alleging that her privacy was violated when information on some 50 million users was improperly disclosed. …

POSTED MARCH 23, 2018 5:00 AM
Weather Service: At Least 9 Tornado Tracks Found in Alabama
The National Weather Service says there’s evidence that multiple tornadoes struck Alabama earlier this week, and it’s still counting. The weather service says survey teams have found tracks showing nine twisters touched down in the northern part of the state …

POSTED MARCH 23, 2018 4:57 AM

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