U.S. P/C Industry Posts Record Q1 Underwriting Loss: S&P May 24, 2023 An analysis from S&P Global Market Intelligence found that the finger can be pointed at personal lines carriers for most...
Facebook Owner Meta Starts Final Round of Layoffs May 24, 2023 By Katie Paul Meta Platforms Inc started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a...
Special Report: How U.S. Doctors Buy Their Way Out of Trouble May 24, 2023 By Michael Berens When federal enforcers alleged in 2015 that New York surgeon Feng Qin had performed scores of medically unnecessary cardiac procedures...
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...