| Happy hump day. The Wall Street Journal took a look at some of the early wins insurers have had in court over businesses looking for payouts on business-interruption claims from the shutdown due to the coronavirus. The argument is this: Businesses say lost revenue from the government-mandated shutdown should be covered under their policies. Insurers disagree, saying virus-related claims aren't covered. While this is a war that will likely play out for a while, the initial decisions made by courts are critical, as they could set a precedent. Click here for the full story. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
The volatility the US stock market has seen over the past six months has led many to reconsider their personal finances. It's no wonder, then, that startups in the wealth management space have attracted plenty of attention. Wealth-tech startups raised $1.2 billion in venture funding in the second quarter. Rebecca Ungarino highlighted 10 early-stage startups in the wealth management space recommended by top venture capitalists. The list is a good mix of direct-to-consumer and behind-the-scenes companies. Rebecca also got some great insight from investors on why these startups are read to pop. Click here to read the full list.
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