Monthly Archives: <span>September 2023</span>

Private Equity Firm CVC Invests in Dale Underwriting to Boost Growth at Lloyd’s

Dale Underwriting Partners, the trading name for Dale Managing Agency’s Lloyd’s Syndicate 1729, has agreed a strategic partnership with CVC, a leading global private markets manager with €161 billion of assets under management. CVC funds will invest in Dale to …

PE Firm Advent Eyes Sale of Car Insurance Software Vendor CCC: Sources

Private equity firm Advent International is exploring a sale of CCC Intelligent Solutions Holdings Inc., a provider of software to the car insurance industry that has a market value of $7.1 billion, people familiar with the matter said on Friday. …

Hippo Investors Call for Strategic Review by Board, Other Actions

Members of the board of directors of insurtech Hippo were on the receiving end of an open letter from a “concerned shareholder group,” yesterday, urging board actions to preserve the value of a company that has faced financial difficulties recently. …

The Hartford Launches Digital Submission Capabilities for Midsize And Large Accounts

The Hartford said it expanded its digital capabilities with new submission and quote Application Programming Interfaces (APIs), and portal options for agents and brokers who write midsize and large businesses. The new capabilities save time, provide faster turnaround, and increase …

Louisiana Department of Insurance Opens Second Round of Incentive Program

The Louisiana Department of Insurance (LDI) has opened the second round of the Insure Louisiana Incentive Program, which is designed to offer grants to insurers that write new policies in the state. The application period began Sept. 1 and goes …

South Carolina Bars, Eateries Closing Down for Lack of Affordable Liability Coverage

Wanted in South Carolina: $1 million in liquor liability coverage at an affordable premium to prevent closure of establishment. That’s the type of advertisement one can imagine bars and bistros across the Palmetto State running this fall, as the full …

People Moves: Nordholm joins Mercury as Head of Technical Product

Mercury Insurance, headquartered in Brea, Calif., named Cameron Nordholm as its head of technical product. Before joining Mercury Insurance, Nordholm was head of product and head of strategy at AgentSync and served as a product consultant at Diegetic Media, LLC.

With the Rise of AI in Insurance, the Human Element is More Important Than Ever

This post is part of a series sponsored by AgentSync. ChatGPT may be able to whip out a love poem on demand, but consumers know the value of an expert human on their team for things that really matter. There’s …

New York Could Require Flood Disclosures in Home Sales

Alan Oligario`s home is prone to flooding — and he wishes someone had told him before he bought it. His initial flood came in the first year after he bought the house in Highland Falls, New York. The second came …

Delaware: Professional Services Exclusion Didn’t Bar False Claims Act Settlement

A mortgage lender accused of violating the False Claims Act by approving government-backed loans that did not meet federal guidelines can seek to recover the $15 million it paid to resolve the allegations from its management liability insurer, the Delaware …