Markets
Hagerty, an Insurer of Classic Cars, Will Go Public in $3B SPAC Deal
Hagerty, an insurer of classic cars, has agreed to go public through a merger with SPAC Aldel Financial Inc in a deal that values it at $3.13 billion, the companies said on Wednesday. Hagerty ...
TrustLayer Pulls in $15M to Fuel Expansion of Digital Insurance Verification Platform
TrustLayer nailed down more than $15 million in new venture financing. The Florida-based InsurTech, focused on digitizing the insurance verification process, plans to use the money for hiring, ...
HDVI, a Digital MGA Focused on Commercial Auto Cover, Raises $32.5M
High Definition Vehicle Insurance Group is planning new products and a national expansion, following $32.5 million in new venture funding. HDVI is an InsurTech MGA focused on commercial auto ...
Risk Alerts: Gender Reveal May Have Caused Wildfire, Death of Firefighter
Despite numerous reports of destruction and even death, many couples still insist on throwing elaborate and risky gender reveal parties—often with unintended consequences. Carrier Management first ...
InsurTech Quotall Links With Broker Acrisure in New Strategic Partnership
InsurTech software and services company Quotall said it is partnering with global insurance broker and fintech services provider, Acrisure. Under the arrangement, Acrisure will provide insurance ...
Former Chubb Exec Kocsondy Joins Beazley in Cyber Leadership Role
A veteran Chubb executive is joining specialist insurer Beazley as its new Head of U.S. Cyber & Tech. Patricia Kocsondy was previously senior vice president, errors & omissions (E&O) and ...
OSHA Urges Employers to Make Fully Vaccinated Workers Wear Masks
The U.S. agency that regulates workplace safety issued guidance on Friday urging employers to require many fully vaccinated workers to wear masks to protect unvaccinated colleagues and customers, ...
Buffett’s Berkshire Hathaway Eliminates Stakes in Axalta, Biogen, Pares Other Drug Holdings
Warren Buffett's Berkshire Hathaway Inc said on Monday it trimmed or eliminated its stakes in several pharmaceutical companies, and reported a small new stake in a Merck & Co spinoff, Organon ...