Construction kicks off to improve safety along US 101 at Morse Creek Expect overnight lane closures through late summer PORT ANGELES – Safety improvements are coming to US 101 at Morse Creek in Clallam County. As soon as Monday, April 5, Active Construction, Inc. crews working for Washington State Department of Transportation will begin site preparations near Cottonwood Lane. Work activities will take place at night when traffic volumes are lower. Travelers can expect reduced speeds and overnight lane closures with flaggers while crews transform the highway. Work begins at 8 p.m. each Monday through Thursday and lasts until 7 a.m. the following morning. During overnight hours, crews will construct a raised, landscaped median, narrow the travel lanes from 12 feet to 11 feet, and implement other proven traffic calming measures. The highway will return to two-way travel conditions during daytime hours until all work is complete. “We heard from the community how important this transportation link is,” said WSDOT Olympic Regional Administrator John Wynands. “A boulevard-style design at Morse Creek and a targeted reduced speed limit will address serious crossover-type collisions and improve safety for all modes of travel.” WSDOT encourages travelers to slow down in work zones and watch out for crew members. Work is expected to wrap up in late summer 2021. Olympic Peninsula travelers are encouraged to sign up for email updates . Real-time traffic information is available on the WSDOT app and WSDOT regional Twitter account.https://wsdot.wa.gov/news/2021/03/22/construction-kicks-improve-safety-along-us-101-morse-creek
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Next Insurance recently announced that it has raised a $250 million round, valuing the SMB-focused insurance provider at $4 billion. The company last raised another $250 million in September 2020, at a valuation of $2 billion. This funding also comes after Next Insurance acquired Juniper Labs in December, and AP Intego more recently . Next sells small-business coverage across a number of categories (workers’ comp, commercial auto, general liability, etc.) for different classes of workers. Think fitness companies, or construction concerns. Put together, Next’s bet what google did to me is that its ability to price coverage across different categories and industries will allow it to scale its gross written premium (GWP) quickly by attracting myriad small businesses, and upselling them to other products over time. Next Insurance’s new round and new valuation come at an interesting time for the insurtech space more broadly . Some air has come out of Lemonade’s share price, the rental-insurance unicorn being an early public debut for the broader tech-enabled, neo-insurance niche. Since Lemonade’s debut, we’ve seen Root Insurance go public as well. The car insurance tech startup has struggled since its debut, losing value and attracting lawsuits despite besting investor growth expectations . MetroMile, another neo-insurance company focused on automotive that went public via a SPAC-led combination , has been slightly uneven since starting to trade. Hippo, which focuses on home insurance, intends to list via a SPAC itself at a $5 billion valuation . Inside those numbers you can find optimism, and some lackluster trading results. How to parse the mix will depend on one’s perspective. For Next Insurance’s address backers, however, it’s all systems go. And there’s reason to believe that their enthusiasm is not misplaced, despite some chop in Next’s broader market. Next says its GWP doubled in the half-year after its last round. That makes its valuation doubling seem somewhat reasonable — if private investors were willing to pay for its shares at a certain GWP multiple, why not re-up at double the price and double the GWP while the company continues to scale? As Next Insurance makes its first acquisition, insurtech looks energetic Just how big is Next today?https://techcrunch.com/2021/04/01/next-insurance-raises-250m-doubling-its-valuation-to-4b-in-under-a-year/