Markets/Coverages: Sapiens to Integrate OpenAI for Insurers; WTW’s New Product for Intangible Assets; 2 New Construction Programs at Procore May 23, 2023 Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced an agreement to integrate Microsoft Azure...
Obie Raises $25M Series B to Expand Embedded Insurance Technology May 23, 2023 Insurtech Obie announced it has raised $25.5 million in a series B funding round led by Battery Ventures, with participation...
Widower of Bride Killed on Wedding Night Sues Driver, Carolina Bars May 23, 2023 The alleged drunken driver who police say slammed into newlyweds riding along a South Carolina beach road now faces a...
People Moves: Lockton Adds Allianz’s Caruso; Verdi Joins Alliant From Gallagher; Marsh McLennan Agency Names Moher; Bischoff Joins Harford’s IT May 23, 2023 Lockton Appoints Caruso Financial Institutions Practice Leader in the Northeast Lockton, based in Kansas City, Missouri, has appointed Joe Caruso...
Alabama Lawsuit Shines a Light on Fee-Sharing Agreements for Storm Claims May 23, 2023 By Jim Sams Insurance defense attorneys say a pair of lawsuits filed by a law firm and a claims consulting business – against...
New York Dairy Farm Workers Gain $150K in Unpaid Wages May 23, 2023 A settlement in New York in a wage theft case has resulted in two dairy farm workers receiving nearly $150,000...
Questions Raised Over Virginia State Police Being Allowed to Investigate Itself May 23, 2023 By Sarah Rankin and Denise Lavoie Late last year, with the Virginia State Police under scrutiny after authorities said a former trooper kidnapped a 15-year-old California...
Fitch Downgrades Allstate’s IFS Ratings to ‘A’ May 23, 2023 Citing declines in statutory capital and poor underwriting results in personal auto, Fitch Ratings has downgraded the insurer financial strength...
World’s ‘Carbon Majors’ Face Biggest Share Price Hit From Climate Litigation: Study May 23, 2023 The world’s ‘carbon majors’ in the energy, utilities and mining sectors face the biggest share price hit when climate-related lawsuits...
U.S. Seeks Labor Rights Probe at Goodyear Tire in Mexico May 23, 2023 By Daina Beth Solomon and David Lawder U.S. labor officials on Monday said they have asked Mexico to investigate alleged worker rights abuses at a Goodyear Tire...