Michigan’s Mackinac Bridge Cleared as Safe After Being Hit by Crane May 23, 2023 ST. IGNACE, Mich. (AP) – A crane being towed on a barge hit the main span of the Mackinac Bridge,...
Wisconsin’s United Mutual to Merge Into Ohio Mutual Holding Company Structure May 23, 2023 Ohio Mutual Insurance Group announced that it has reached agreement to merge Medford, Wisconsin-based United Mutual Insurance Company as a...
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...
Italian Insurer Unipol and SpaceX Join Forces to Help People Hit by Flooding May 23, 2023 Elon Musk’s SpaceX and Unipol Gruppo agreed to join forces to help people hit by flooding in northern Italy connect...
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...
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...
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...