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...
How Will Economic Pressures Affect P/C Industry? May 22, 2023 By Allen Laman How could the current economic environment affect workers compensation – and the property and casualty insurance industry overall – in...
Lawsuit Over Trident ‘Original Flavor’ Gum Is Dismissed May 22, 2023 By Jonathan Stempel A federal judge in Illinois has dismissed a lawsuit accusing Mondelez International Inc of deceiving consumers into believing its Trident...
People Moves: Kuhn Leaves AIG for Ascot to Lead Large Public D&O; Ryan Joins Sompo as CUO May 22, 2023 John Kuhn is now senior vice president, management liability and head of large public at Ascot. Ascot said Kuhn will...
Pie Insurance CEO Tells Employees During All-Hands That 14% Are Being Let Go May 22, 2023 By Chad Hemenway Late last week insurtech Pie Insurance held an all-hands meeting during which CEO John Swigart told employees that 14% of...