Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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Cyber Startup Wiz Raises $1B in Private Funds, Valued at $12B

U.S.-Israeli cloud cybersecurity startup Wiz said on Tuesday it raised $1 billion in a private funding round that values the four-year old company at $12 billion. Wiz, which has raised $1.9 billion since its founding in 2020, said the funds …

Wed May 8, 2024 08:58
TikTok Lawsuit Sets Stage for Prolonged Legal Fight Over US Ban

China-based ByteDance Ltd. made clear it won’t comply with a new US law requiring it to sell its popular TikTok video-sharing app, setting up what likely will be a prolonged court battle pitting free-speech rights against national-security interests that could …

Wed May 8, 2024 08:58
US Probe Finds Widespread Sexual Misconduct at FDIC

The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an independent report released on Tuesday that raises questions about the future of the banking regulator’s leadership. The report, prompted by …

Wed May 8, 2024 08:58
Viewpoint: The 10 Major Risks Shaping Insurance Today

I readily admit that lists of top risks, top threats, and opportunities for insurance are well-trodden ground, and ranking risks in order of importance inevitably triggers debate about which risk should be near the top or bottom, rather than the …

Wed May 8, 2024 08:58
Georgia AG Says Savannah Overstepped on Ordinance Banning Guns in Unlocked Cars

SAVANNAH, Ga. (AP) — Georgia’s attorney general says city officials in Savannah overstepped their authority by making it illegal to leave firearms in unlocked cars. Savannah’s mayor and city council in April enacted the new city ordinance aimed at making …

Wed May 8, 2024 08:58
Georgia Regulations Would Cut Agents’ Licensing Course Load from 20 Hours to 8

The Georgia insurance commissioner is accepting comments on proposed rule changes that would cut the pre-licensing course load by almost two-thirds for personal lines agents. “The primary purpose of the proposed changes to all Regulation Chapters … is to modernize …

Wed May 8, 2024 08:58

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