EL DORADO HILLS, Calif., Oct. 13, 2020 /PRNewswire/ — Patra, a leading provider of technology-enabled solutions for the insurance industry, along with AmWINS Group, CRC Group, Heffernan Insurance Brokers, are among the leading companies that have formed InsurConneXtions Alliance, a strategic alliance that will prioritize, develop, and integrate specific technology solutions into critical insurance processes – for the purposes of driving processing efficiencies and industry standards.

The Insurance industry will need to rapidly adopt technology to drive efficiencies and economic value for our customers

The formation of InsurConneXtions represents leaders across insurance technology, brokerage, wholesale, and specialty insurance, and represent over $50 Billion in Insurance premiums. 

With a multitude of decisions and rapid changes facing the insurance industry, collaboration and cooperation is required to accelerate the integration of technology into critical and high-volume processes. The charter members of the Alliance are well positioned to leverage their expertise, experience, and market position to accelerate the deployment of technology into a variety of insurance processes. 

The alliance has unanimously selected to begin its collaboration by focusing on technology and efficiency improvements to policy checking. Policy checking is a high volume and comprehensive process that performs a critical validation for accuracy and integrity of policy issuance across carriers, wholesalers, and brokers. Beginning this month, alliance members will work together to drive the evolution of Patra’s industry leading policy checking solution.

“The need for insurance leaders to collaborate on technology has never been more important and this InsurConneXtions will be an important and strategic contributor,” said John Simpson, CEO and Founder of Patra. “With industry leading firms along with Patra’s technology and full-service delivery capabilities, a collaborative approach will help ensure a more rapid delivery of tech-enabled solutions to help solve our common challenges.”

“Speaking on behalf of the membership, we are excited

DENVER, Oct. 6, 2020 /PRNewswire/ — Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or the “Company”), today announced the closing of its previously announced public offering (the “Offering”) of 9,583,334 units (which includes the exercise in full of the underwriters’ option to purchase 1,250,000 additional units) at a price to the public of $9.00 per unit.  The Offering was upsized from the initial offering of 7,220,000 units (not including the underwriters’ initial over-allotment option of 1,083,000 units). Each unit issued in the Offering consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $10.50 per share. The warrants are immediately exercisable and expire five years from the date of issuance. The Company does not plan to apply to list the warrants on The Nasdaq Capital Market, any other national securities exchange or any other nationally recognized trading system. The shares of common stock and warrants are immediately separable and were issued separately in the Offering.

(PRNewsfoto/Hycroft Mining Holding Corporat)
(PRNewsfoto/Hycroft Mining Holding Corporat)

After deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, the net proceeds to the Company were approximately $83.1 million.

Diane Garrett, Hycroft’s President and CEO commented “we are very pleased with the success of this financing which allows us to continue advancing the Hycroft Mine and unlocking the value of this significant mineral endowment.  This financing also demonstrates the continued support of our existing shareholders and we welcome the many new shareholders who also participated.”

David Kirsch, Chairman of the Board, said “Hycroft has always been one of the largest gold and silver deposits in the world, and now coupled with Diane’s leadership and the proceeds of this financing, we believe Hycroft is well positioned for success as it continues

Amazon said in a blog the number of employees who have had the illness includes its workers at its grocery store chain Whole Foods Market. In total, 19,816 employees have had covid-19 between March 1 and Sept. 19, it said, or about 1.44 percent of its 1,372,000 front-line workers.

(Amazon CEO Jeff Bezos owns The Washington Post.)

Amazon emphasized that is at a lower rate than if measured across the U.S. population, citing Johns Hopkins University numbers.

The numbers only show Amazon’s infection rate in the U.S., and only includes front-line employees, such as warehouse workers and Whole Foods cashiers. In March, workers in Spain and Italy tested positive for the virus and joined those in the U.S. and across Europe in signing a petition that called on Amazon to adopt stricter safety guidelines, The Washington Post reported.

More than 1,500 workers signed the petition and one employee called the working conditions “totally insufficient” to keep people safe.

Since then, Amazon has rolled out stricter safety measures and started its own coronavirus-testing lab to screen workers. Amazon said Thursday it now conducts “thousands” of tests each day, and has a goal to get to 50,000 tests daily at 650 sites by November.

Amazon’s shipping and safety struggles during the pandemic have resulted in some boosts to its competitors including Target and Walmart, but the e-commerce giant’s revenue has continued to soar.

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Ford (F) has issued a recall for more than 700,000 vehicles because they may have a backup camera issue that could cause the screen to go black or distort.

The automaker said that several 2020 vehicles are affected by the recall, including Ford Explorers, F-150s, Mustangs, Transits, Super Duties, Expeditions, Escapes, Rangers, and Edges as well as Lincoln Corsair, Nautilus, and MKX models.

The affected Ford Explorers were built at the Chicago Assembly Plant from Nov. 16, 2019 to May 18, 2020, while the F-150s were built at the Dearborn Assembly Plant in Michigan from Oct. 26, 2019 to May 18, 2020, and the Kansas City Assembly Plant in Missouri from Nov. 2, 2019 to May 18, 2020.

Ford’s recalled Mustangs were built at the Flat Rock Assembly Plant in Michigan from Oct. 28, 2019 to May 20, 2020 while the Ford Transits were built at the Kansas City Assembly Plant from Oct. 28, 2019 to May 20, 2020.

The affected Ford Super Duty trucks were built at its Kentucky Truck Plant from Nov. 3, 2019 to May 18, 2020, and its Ohio Assembly Plant from Oct. 30, 2019 to May 18, 2020. The Ford Expeditions affected by the recall were built at the Kentucky Truck Plant from Oct. 30, 2019 to June 22, 2020, and the Ford Escape models recalled where built at the Louisville Assembly Plant in Kentucky from Nov. 5, 2019 to May 18 2020.

Ford’s recalled Ranger trucks were built at the Michigan Assembly plant from Dec. 9, 2019 to May 19, 2020, and the Ford Edge vehicles were built at the Oakville Assembly Plant in Ontario, Canada from Nov. 13, 2019 to May 26, 2020.

Ford also recalled the Lincoln Corsair built at its Louisville Assembly Plant from Nov. 14, 2019 to May 18, 2020,