Thoma Bravo’s Nearmap to Buy Insurance Tech Firm Itel for Over $1.3B May 21, 2025 Thoma Bravo-backed Nearmap has agreed to buy insurance technology provider itel from private equity firm GTCR, the companies said on...
No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best May 20, 2025 By Chad Hemenway Insurance industry financial strength rating agency AM Best said today that a decision to stop updating a National Oceanic and...
Stablecoin Bill Advances in US Senate in Big Win for Crypto May 20, 2025 By Steven T. Dennis Stablecoin legislation overcame a procedural blockade in the US Senate, marking a major victory for the crypto industry after a...
People Moves: Boroughs Named Chubb Group Vice Chairman, Hogan Succeeds Boroughs as Investment Officer; Cushing Named Head of Construction at Zurich NA May 20, 2025 Boroughs Named Vice Chairman, Chubb Group; Hogan Succeeds Boroughs as Chubb Group Chief Investment Officer Chubb Limited, with U.S. headquarters...
APCIA: Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims May 20, 2025 By Chad Hemenway The American Property Casualty Insurance Association (APCIA) chimed in to a recent Senate subcommittee hearing to defend the industry’s response...
Motion Specialty Launches Lloyd’s MGU, Founded by Former Hiscox Executives May 20, 2025 Motion Specialty has been approved as a Lloyd’s of London coverholder, founded by former Hiscox executives Dan Alpay and Alex...
FCC Approves Verizon Deal to Acquire Frontier After DEI Changes May 20, 2025 By David Shepardson The Federal Communications Commission said it was approving Verizon Communication’s $20 billion deal to acquire fiber-optic internet providers Frontier Communications...
Despite Backlash From Trump, DEI Hasn’t Disappeared at US Companies May 19, 2025 By Simone Foxman Walmart Inc. stunned civil-rights activists in November by saying it was pulling back on diversity, equity and inclusion efforts. The...
Q1 Shows ‘Clear’ Signs of Commercial P/C Softening, Says CIAB May 19, 2025 By Chad Hemenway According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in...
Crypto High-Rollers Go Big on Bodyguards to Deter Kidnappers May 19, 2025 By Emily Nicolle Even before Coinbase Global Inc. disclosed that hackers had stolen the home addresses and account balances of its customers, Jethro...