Ryan Specialty to Acquire Socius Insurance May 24, 2023 Ryan Specialty said it has signed a definite agreement to buy national wholesale broker Socius Insurance Services from Abry Partners,...
Bill Would Offer Crop Insurance Discount to Farmers Who Plant Cover Crops May 24, 2023 By Ezra Amacher A bipartisan bill proposed by federal lawmakers would provide farmers a discount on crop insurance premiums by planting cover crops....
Travel Insurtech Faye Raises $10M in Series A Funding May 23, 2023 Travel insurance startup Faye said it raised $10 million in series A funding just a year after launching its product...
Judge Throws Out Shareholder Lawsuit Against Elon Musk Over Twitter Buyout May 23, 2023 By Jonathan Stempel A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter shareholders several times last year...
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...
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...
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...
Marsh: Cyber Insurance Purchases Climb After Rocky Couple of Years May 23, 2023 Stricter policy language, pricing increases and more scrutiny at policy inception made for a tumultuous couple of years in the...
Over 30 Million Drivers at Risk of Dangerous Airbag Blast During Collision May 23, 2023 By Tom Krisher More than 33 million people in the United States are driving vehicles that contain a potentially deadly threat: Airbag inflators...