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Weather forecast for the 2022 Singapore Grand Prix

Weather forecast for the 2022 Singapore Grand Prix

formula1.com 2022 Singapore Grand Prix weekend weather forecast the weather radar shows that there is a big chance of rain throughout the weekend with the likelihood of thunderstorms, especially for Sunday’s race. Scroll down below for a more detailed forecast. FRIDAY, SEPTEMBER 30 – FP1 AND FP2 WEATHER Conditions: Thundery showers expected, with a slight chance of rain expected in the evening…

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NFP's new SVP is analytics MVP

NFP’s new SVP is analytics MVP

Property-casualty broker NFP has announced the appointment of Tevin Smith (pictured above) as senior vice president in its management and professional liability practice within its specialty business. In his new role, Smith will serve as the operations technology leader, working with a team to develop analytical insights to support data-driven growth strategies for NFP’s clients. He will report…

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AXA unit makes apology on back of Tesla crash test controversy

AXA unit makes apology on back of Tesla crash test controversy

Every year, as part of AXA Switzerland’s accident research and prevention work, the company carries out crash tests to simulate accidents in a safe environment. In 2020, the focus was on sport utility vehicles; 2021, recreational vehicles or camper vans; and 2022, electromobility. Featuring pyrotechnics, the latest event was designed to show that damage to an EV’s underside could also result in…

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AXA unit makes apology on back of Tesla crash test controversy

AXA unit makes apology on back of Tesla crash test controversy

Every year, as part of AXA Switzerland’s accident research and prevention work, the company carries out crash tests to simulate accidents in a safe environment. In 2020, the focus was on sport utility vehicles; 2021, recreational vehicles or camper vans; and 2022, electromobility. Featuring pyrotechnics, the latest event was designed to show that damage to an EV’s underside could also result in…

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Epiq announces leadership promotions in key division

Epiq announces leadership promotions in key division

Epiq, a provider to the legal services industry, today revealed the promotions of Brennen Kelly and Adam Palmer to the role of managing director. In a Press release, the company said the promotions are in recognition of their success in serving clients and their contributions to the rapid growth that Epiq’s class action, mass tort, and remediation groups have seen in recent years. It was…

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Why hybrid workplaces are heading for extinction

Why hybrid workplaces are heading for extinction

In the aftermath of the COVID-19 pandemic, many companies have offered a hybrid work setup to attract talent. The promise of hybrid, which combines in-office and remote work, is that employees can have better work-life balance. However, Scott Brighton (pictured above), CEO of business software firm Aurea, believes that the hybrid office is headed for extinction. Instead of a “happy middle,”…

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Hippo Insurance lays off 10% of workforce

Hippo Insurance lays off 10% of workforce

Additionally, the company made an executive team overhaul, with Ran Harpaz stepping down from his role as the chief operating officer (COO) and chief technology officer, effective November 15. Last month, Hippo announced that its total revenue for the second quarter of 2022 (Q2 2022) was $28.7 million, a $7.8 million year-on-year increase. Meanwhile, its gross loss ratio for the same quarter was…

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Zendrive spins out commercial insurance startup

Zendrive spins out commercial insurance startup

Insurance telematics provider Zendrive has announced the spin-out of a new commercial insurance company, Fairmatic, which will leverage Zendrive’s data for commercial fleet insurance. Zendrive co-founder and chief technology officer Pankaj Risbood has been appointed as Zendrive CEO, with co-founder and CEO Jonathan Matus transitioning to become chairman of the board and founding CEO of…

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Insurance - the week in review Aug 29- Sep 2

Insurance – the week in review Aug 29- Sep 2

Catch up on all the latest news including shock as AXA admits staging fake Tesla battery fire

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Opportunities in the renewable energy sector

Opportunities in the renewable energy sector

Watch now: Renewable energy and insurance – all you need to know “2021 was a record-setting year for renewable energy capacity growth worldwide, and that was on top of a previous record year in 2020 – where even though it was a little bit of a blip from COVID, it proved to be a very resilient marketplace, and growth really continued in an extensive way,” Walsh said. “And more than half of that…

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What's powering parametric flood insurance?

What’s powering parametric flood insurance?

The conventional way to track floods is using stream or tidal gauges to measure water levels. But Peter Lacovara (pictured), a parametric insurance expert, said this method leaves much to be desired. “The issue with tracking floods using a stream gauge is that it tells you the depth of the water in one specific location. But if you don’t have a gauge somewhere else, then you don’t know where the…

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PCF swoops for Ohio agency

PCF swoops for Ohio agency

PCF Insurance Services has announced the acquisition of Wilber-Price Insurance Group, a full-service independent insurance agency that offers commercial and personal lines coverage, as well as specialty products, for home, auto, life, crop, business and more in the southern Ohio region. “Wilber-Price gives PCF Insurance strong leadership in an underrepresented geography,” said Peter C. Foy,…

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Insurtech startup raises $5 million in funding round

Insurtech startup raises $5 million in funding round

iCover, a Missouri-based insurtech that provides algorithmic underwriting for insurance companies, has raised $5 million in Pre-Series A funding. The lead investor for the round was Kesan Parasuraman, a private investor who also led iCover’s seed round in August 2021. The company will use the funds raised in the latest round to increase technical staff, expand sales and marketing, and bolster…

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Hilb Group acquires Massachusetts firm

Hilb Group acquires Massachusetts firm

The Hilb Group has announced the acquisition of Massachusetts-based Cook & Company Insurance Services. The acquisition builds on the Hilb Group’s employee benefits offerings and presence in New England. Cook & Company provides health plan consulting and brokerage services to employers throughout the market, with a special focus on medical stop-loss and serving municipalities. Agency principal Sue…

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Florida regulators mull lifting $700,000 policy cap on Citizens

Florida regulators mull lifting $700,000 policy cap on Citizens

During a Citizens committee meeting this week, OIR deputy commissioner Susanne Murphy said that the department is assessing the possibility of lifting the cap in additional counties. It was noted that state law would allow the decision, but only if regulators can prove that “there is not a reasonable degree of competition” in those counties. News Service of Florida reported that the clause was…

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Holmes Murphy exec named to Iowa Insurance Hall of Fame

Holmes Murphy exec named to Iowa Insurance Hall of Fame

Holmes Murphy has announced that its chief innovation officer, Ellen Willadsen, has been named a 2022 inductee to the Iowa Insurance Hall of Fame. Willadsen has been instrumental in the growth and success of Holmes Murphy, the company said. Since joining Holmes Murphy in 1995, she has helped increase the company’s profit and provided valuable counsel on major financial decisions, as well as…

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McGriff taps new SVP for real estate practice

McGriff taps new SVP for real estate practice

Full-service broker McGriff has announced the appointment of Jason Dockery (pictured above) as senior vice president and operations leader for its real estate and hospitality practice. Dockery has more than 20 years of experience in the property and casualty insurance sector. Prior to joining McGriff, he served as real estate and hospitality leader for a global insurance carrier. Dockery has also…

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