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Barrett says George Floyd video was ‘very personal’ for her family

October 14, 2020

Supreme Court nominee Amy Coney Barrett said that George Floyd’s death was difficult for her family, which includes two children adopted from Haiti.

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“As you might imagine, given that I have two black children, that was very, very personal for my family,” the judge said Tuesday during her confirmation hearing in response to a question by Democratic Sen. Dick Durbin of Illinois.

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Barrett said she and her 17-year-old daughter Vivian cried after hearing about Floyd’s death.

“All of this was erupting, it was very difficult for her, we wept together in my room,” Barrett told the lawmakers, “and then it was also difficult for my daughter, Juliet, who is 10. I had to try to explain some of this to them.”

“My children, to this point in their lives, have had the benefit of growing up in a cocoon where they have

M1 Finance closes $45M Series C mere months after it raised its $33M Series B

October 14, 2020

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Just months after it announced a $33 million Series B, Chicago-based M1 Finance today disclosed a $45 Series C.

The new financing event was led by Left Lane Capital, the same investor that led M1’s Series B. Bear in mind that so-called inside rounds are now a bullish sign in 2020, as opposed to in prior VC eras when they were viewed more cooly. Other M1 investors include Jump Capital, Clocktower Technology Ventures and Chicago Ventures, though only the first two appear to have taken part in this round.

Per M1, the Series C comes just 120 days after it raised a Series B. A good question is why M1 has raised more capital, and why Left Lane Capital wanted to lead two rounds for the consumer-focused fintech provider. Going back to our prior coverage, we can figure it out.

Chicago’s M1 Finance, a consumer-focused fintech platform, reaches $1B under

The Wake Up for Wednesday, Oct. 14, 2020

October 14, 2020

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a group of people walking on a sidewalk: Some fans stand outside the ballpark, while others with connections to the Indians sit inside on Tuesday, September 29, 2020, at the American League Wild Card Series, Game 1, between the Cleveland Indians and the New York Yankees at Progressive Field in Cleveland.

© David Petkiewicz, cleveland.com/David Petkiewicz, cleveland.com/cleveland.com/TNS
Some fans stand outside the ballpark, while others with connections to the Indians sit inside on Tuesday, September 29, 2020, at the American League Wild Card Series, Game 1, between the Cleveland Indians and the New York Yankees at Progressive Field in Cleveland.

Subscribe to the Wake Up, cleveland.com’s free morning newsletter, delivered to your inbox weekdays at 5:30 a.m.

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Weather

Today will start off sunny but grow increasingly cloudy. Highs will be in the upper 60s. It will be a bit breezy overnight and lows will be in the mid-50s. Read more.

The headlines

CARES Act: Gov. Mike DeWine said Tuesday he hopes to put Ohio’s remaining $900 million in federal coronavirus aid toward helping the arts, nonprofits, small businesses, and people behind on their rent or mortgage payments, Jeremy Pelzer reports. The question now is whether Congress will give the

Business Leaders from Finance, Technology, Retail and Hospitality Call For Civility and Patience Ahead of The 2020 Election | News

October 14, 2020

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WASHINGTON, Oct. 14, 2020 /PRNewswire/ — In partnership with the Leadership Now Project, more than 50 of our nation’s business leaders released a statement: “America Has Held Successful Elections Amid Crises Before. We Can and Must Do So Again,” which underscores the importance of maintaining confidence in an election held during an unprecedented health crisis. Signatories include Greylock Partner and LinkedIn Co-Founder Reid Hoffman, D. E. Shaw & Co. Managing Director Eddie Fishman, The Baupost Group CEO Seth Klarman, Lumi Labs Co-Founder and former Yahoo CEO Marissa Mayer, Harvard Business School Professor Michael Porter, General Assembly CEO Lisa Lewin, KIND Snacks Executive Chairman Daniel Lubetzky and K1 Capital Management CEO Neil Malik, among other leaders.

With an unprecedented number of Americans voting by mail because of the pandemic, officials have consistently stressed that we may not know the outcome

Personal Preparedness is a Year-Round Commitment and More Important Than Ever

October 14, 2020

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Posted: Oct 14, 2020 12:01 AM

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.

Personal preparedness is a year-round commitment, and that’s why encouraging Americans and their families to take appropriate steps to educate themselves and prepare for emergencies that could occur in their homes, businesses, schools and communities is critical. There is no question that it’s important for Americans who live in areas vulnerable to wildfires, hurricanes, flooding and a variety of other threats to take the right steps in advance and to have a plan in place to protect themselves.

But what we’ve also been seeing across the country this year is that even in communities not traditionally at risk for natural disasters, crime or other threatening elements, record numbers of Americans are preparing and taking important steps to protect themselves and their loved ones. It’s a topic

Metromile Launches Ride Along to Demystify Pay-Per-Mile Car Insurance

October 14, 2020

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Drivers can understand if their driving can result in a lower car insurance rate before they sign up with Ride Along from Metromile. (Business Wire: Graphic)

SAN FRANCISCO–(BUSINESS WIRE)–Oct 14, 2020–

Metromile, the leading pay-per-mile car insurance company in the U.S., today announced the launch of Ride Along, a free new way for drivers to understand if their driving can result in a lower car insurance rate before they sign up. More than 124 million Americans could be overpaying for car insurance, missing out on as much as $947 a year in savings because they do not pay per mile, according to a recent survey of new customers who saved with Metromile.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201014005336/en/

Drivers

Tangram Insurance Services and Markel Announce Partnership to Provide Excess Liability Capacity For Tangram’s Propane & Fuel Program

October 14, 2020

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PETALUMA, Calif., Oct. 14, 2020 /PRNewswire/ — Tangram Insurance Services, Inc. (“Tangram”), a Managing General Agency, and Markel Corporation on behalf of its affiliated insurance companies (“Markel”) today announces the launch of a program to provide excess liability above Tangram’s current program in propane and fuel distribution niche.

Tangram’s program provides comprehensive insurance solutions for dealers and distributors of fuel oil, propane, diesel and gasoline. The additional excess liability capacity that Markel provides will make Tangram a one stop shop for this niche. With the additional capacity, Tangram’s program now has the ability to provide General Liability, Property, Commercial Auto, Workers’ Compensation, Environmental Liability and Excess Liability cover up to $15 million.

“Our downstream energy program is our fastest growing niche. Tangram’s focus for the past 5 years has been to provide our specialty brokers with meaningful coverage and services from a single source. With the addition of

Strong Brands the Likely Winners of UK Insurance Pricing Review

October 14, 2020

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UK personal lines insurers will need to adjust their pricing models in response to the Financial Conduct Authority’s proposed remedies surrounding the pricing of policies for renewing customers, according to a new AM Best commentary.

The Best’s Commentary, “Strong Brands the Likely Winners of UK Insurance Pricing Review,” states that as insurers will need to increase the prices applied to new business to offset the impact of lower renewal premium on earnings, other aspects of their business profile will likely play an increasing role in the decision-making process of potential and established customers.

This suggests that brands currently enjoying high levels of recognition and customer satisfaction will be best positioned to take advantage as policyholders begin to take more notice of a company’s customer service levels, the experiences of other policyholders (expressed via online channels), and metrics such as claims approval ratios.

To access a complimentary copy of this

Finding Virtue in the Finance Industry

October 14, 2020

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Executive Summary

Over the past few decades, the financial services industry seems to have moved away from its mission of serving clients and supporting the economy in favor of enriching itself. How can this be fixed? Regulation is a critical piece of the puzzle. But, even within the constraints of existing structures, research indicates that well-intentioned finance professionals can buck the stereotypes and succeed without extracting value from the rest of society. Virtuous role models serve their customers’ interests faithfully, but not in ways that cause harm to other stakeholders. They treat their colleagues with dignity and promote diversity within their organizations and across the industry. And they use their skill sets and networks to contribute to the world beyond their job.

Finance can be a force for good in society but, over the past few decades, structural and behavioral changes have pushed the industry away

Equitas Small Finance Bank may launch IPO on October 20

October 14, 2020

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The initial public offer (IPO) of Equitas Small Finance Bank (ESFB) is expected to be launched on October 20, 2020. The issue was earlier scheduled for subscription by the end of March 2020. However, the offer was put on hold due to the spread of COVID-19 disease.

Equitas Small Finance Bank (ESFB) had earlier filed the draft red herring prospectus (DRHP) on December 16, 2019.

The fresh issue of equity shares for its proposed IPO was revised recently downward to Rs 280 crore from Rs 550 crore planned earlier. The IPO consists of a fresh issue of 8 crore equity shares and an offer for sale of 7.2 crore equity shares.

“The size of the fresh issue has been reduced from up to Rs 5,500 million (Rs 550 crore) to up to Rs 2,800 million (Rs