Industry News
Obie Raises $25M Series B to Expand Embedded Insurance Technology
InsurTech Obie announced it has raised $25.5 million in a series B funding round led by Battery Ventures, with participation from Brick and Mortar VC, DivcoWest, and several real estate funds and ...
Aon Sues Alliant Over ‘Unlawful Raid’ of Reinsurance Group
Aon this week filed a lawsuit against rival Alliant Insurance Services for an alleged "unlawful raid" of senior leaders and other employees of Aon's facultative ...
The Supreme Court Handed Google and Twitter a New Line of Defense
The U.S. Supreme Court handed social media companies a new line of defense as they face an increasing number of lawsuits alleging their algorithms have harmed users — ...
Survey: Some Customers Let Auto Insurance Lapse in Quest for Savings
A new report out this week offers updated insights on customer buying habits when it comes to personal auto and homeowners insurance.
Insurers Latest Target of U.S. AGs ESG Antitrust Concerns
This week, insurers and reinsurers who are members of the Net-Zero Insurance Alliance (NZIA), received a letter from 23 attorneys general raising potential legal concerns that might arise from their ...
KCC: Ian Contributed to Sizable Insured Losses Despite Mostly Average ’22 Hurricane Season
Last year, the state of Florida sustained the largest hurricane loss with Ian, with estimates of more than $100 billion in economic damage, including uninsured properties, damage to infrastructure, ...
Tech Bytes: New Partnerships at Openly, One80 Intermediaries, The Insurance Superstore
Openly, a homeowners insurance provider, and Trellis, a technology company focused on distribution of personal lines of insurance, announced a new partnership. Operating as an independent agent, ...
Bolttech Raises $196M Series B with Up-Round Valuation of $1.6B
International InsurTech bolttech announced it raised $196 million in connection with its series B with an up-round valuation of $1.6 billion. The round was led by Tokio Marine. Other key investors ...
Supreme Court Spurns Dispute Over Roundup Class-Action Settlement
The U.S. Supreme Court on Monday declined to hear a dispute involving a lawsuit against Bayer AG's Monsanto Co that could rein in a common form of settlement in class ...