Lemonade Posts Q1 Loss on Wildfires, Spending; Auto Product Positioned to Grow May 6, 2025 By Chad Hemenway Insurtech Lemonade reported a first quarter 2025 net loss of about $62.4 million compared to a loss of $47.3 million...
People Moves: Mutual of Enumclaw Hires Otis as President and CEO May 6, 2025 Mutual of Enumclaw, hired insurance industry veteran Bob Otis as its new president and CEO. Otis has more than 30...
Air Traffic Control Lost Contact With Newark Aircraft; DOT Vows ‘Brand New System’ May 6, 2025 By David Shepardson Air traffic controllers overseeing planes at Newark International Airport in New Jersey lost contact with aircraft for 30 seconds last...
DoorDash Is Latest Tech Firm to Commit Millions to New York City Elections May 6, 2025 By Natalie Lung DoorDash Inc. is committing $5 million to back political candidates in New York City and state-level races in New Jersey...
Business Moves: Earnix Agrees to Acquire Insurtech and AI Specialist Zelros May 6, 2025 Earnix, the software-as-a-service (SaaS) specialist, announced it has signed a definitive agreement to acquire Zelros, the Paris-based insurtech and developer...
Smoke Shop Ordered to Pay $4.9 Million for ‘Persistent Illegal Cannabis Sales’ May 6, 2025 Connecticut Attorney General William Tong has secured a $4.93 million judgment against Planet Zaza of East Haven and its owner,...
M&S, Co-op Cyberattackers Duped IT Help Desks Into Resetting Passwords, Report Says May 6, 2025 Cyberattacks on Britain’s Marks & Spencer and Co-op Group started with hackers impersonating employees while contacting the retailers’ IT help...
Q1 Has Lowest Insurance Agency M&A in 5 Years; Mega Deals Coming? May 6, 2025 The first three months of 2025 were the slowest quarter for insurance agency mergers and acquisitions since the second quarter...
Money Laundering Risks Remain High in Switzerland, Financial Regulator Says May 6, 2025 Money laundering and cyber risks remained high in Switzerland, the head of the country’s financial market regulator said on Monday,...
Florida Bill Passes Making it Easier for Agents to Seek Surplus Lines Coverage May 6, 2025 By William Rabb Starting July 1, Florida insurance agents will no longer need to make a “diligent effort” to find coverage for hard-to-place...