May 5, 2021

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Proposed financial disclosure bills wouldn’t make current lawmakers’ finances public

A new proposal in the Michigan House would compel lawmakers and state officers to disclose their personal financial interests for the first time — but that information wouldn’t be public until after they leave office, an arrangement that if signed into law, would diverge significantly from the 48 other states that currently require financial disclosure.

Michigan has long been an outlier when it comes to identifying and regulating potential financial conflicts of interest for elected officials. It’s one of two states – and the only one with a full-time legislature – with no requirement for state public officials to disclose

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JPMorgan draws public ire for financing a breakaway European soccer league.

JPMorgan was a trending topic on Twitter, and the chatter wasn’t complimentary — though much of it wasn’t serious either.

“JP Morgan will regret setting up a #SuperLeague with my entire life savings,” one soccer fan wrote on Twitter. “Account is now closed and this £32.25 is going elsewhere!”

A theme of the ire from fans in Britain, in particular, was that the move represented another step in the foreign takeover of the game, especially by American interests. The Wall Street bank will lend to clubs controlled by American owners, like Arsenal, Liverpool and Manchester United — three of

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NEXT Insurance Plays Down Going Public

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Next Insurance is completely digital, with quotes available in less than 5 minutes.


CLAIRE BANGSER/AFP/Getty Images

NEXT Insurance co-founder and CEO Guy Goldstein played down the likelihood that the insurtech would go public, saying the start-up is more focused on growing its business right now.

Founded in 2016, NEXT provides general and professional liability insurance to more than 200,000 small businesses, such as restaurants, beauty salons and even personal trainers. Its policies are backed by Munich Re.

Like all insurtechs, NEXT is completely digital, with quotes available in less than 5 minutes, according to its website. And

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Colorado Democrats unveil their public health insurance option proposal. Here’s how it would work.

Democrats in the Colorado legislature on Thursday introduced a bill designed to drive down health care costs and, if consumers’ expenses aren’t reduced, potentially create a state-offered health insurance option.

The measure is the result of years of efforts by progressive lawmakers and is a top priority for Gov. Jared Polis. But it faces stiff opposition from private insurers and hospitals who say the initiative would reduce care choices for Coloradans and put too high a financial burden on providers. 

The Colorado Sun combed through the bill and talked to its sponsors to learn what the legislation would do and

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Hippo to Go Public in Merger with Reinvent Technology Partners Z; Company is Transforming the Home Insurance Industry

PALO ALTO, Calif.–(BUSINESS WIRE)–Hippo Enterprises Inc. (“Hippo”), the home insurance group that created a new standard of care and protection for homeowners, has entered into a definitive business agreement with Reinvent Technology Partners Z (“Reinvent”) (NYSE:RTPZ), a special purpose acquisition company (“SPAC”) that takes a “venture capital at scale” approach. Upon the closing of the transaction, the combined company will be publicly traded.

Hippo: A Protective, Modern Approach to Home Insurance

Founded in 2015, Hippo’s goal is to make homes safer and better protected by taking a proactive approach designed to prevent losses. Harnessing real-time data, smart home

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Insurance Startup Hippo to Go Public in $5 Billion SPAC Merger

Home-insurance technology upstart Hippo Enterprises Inc. is teaming with a special-purpose acquisition company to go public, the latest insuretech business to tap equity markets and challenge traditional insurers head-on.

The six-year-old Hippo, based in Palo Alto, Calif., will go public through a merger with

Reinvent Technology Partners Z

RTPZ 2.39%

in a deal that values the firm at $5 billion, the companies said. Reinvent Technology Partners Z had an initial public offering of stock in November.

Reinvent’s co-directors are LinkedIn co-founder

Reid Hoffman

and

Mark Pincus,

founder of mobile-game maker

Zynga Inc.

Hippo’s move will provide funding as it continues

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