Industry News
Wefox Raises $11M with $55M Credit Facility from J.P. Morgan, Barclays
Berlin-based InsurTech wefox has secured a $55 million credit facility from J.P. Morgan and Barclays alongside a $55 million second close in its series D at a $4.5 billion valuation from existing ...
Cognizant Launches Platform to Help Companies Deploy Generative AI
Cognizant announced a new, enterprise-wide platform - Cognizant Neuro AI - designed to provide enterprises with a comprehensive approach to accelerate the adoption of generative AI technology and ...
Bankruptcy Judge Lets Directors of Failed SVB Tap $210M D&O Tower
A bankruptcy judge is allowing current and former officials with the parent company of Silicon Valley Bank to tap into the $210 million in insurance coverage available through directors and officers ...
How Much Should Insurers Trust AI Chatbots?
Whether it's underwriting, claims or customer service, it seems that artificial intelligence is top of mind for the insurance industry right now. William Bennett, partner at law firm Saxe, ...
Anti-ESG Rhetoric in U.S. Prompts Urgent Talks as Insurers Quit Climate Coalition
The world's biggest climate coalition for insurers is set to hold emergency talks after a wave of defections revealed the extent to which anti-ESG rhetoric in the U.S. is ...
U.S. P/C Industry Posts Record Q1 Underwriting Loss: S&P
An analysis from S&P Global Market Intelligence found that the finger can be pointed at personal lines carriers for most of the property/casualty industry ...
P/C Insurers Impress Shoppers With Digital Channels, But Servicing Existing Customers Lags
Though insurers do a good job attracting new customers shopping for policies via their digital channels, they fall short when it comes to servicing existing customers, a new industry report shows. ...
IIHS: Rear Passengers in Small Cars at Higher Risk of Internal Injuries
A new crash test, conducted by the Insurance Institute for Highway Safety (IIHS), revealed poor ratings for all small cars tested. In all five vehicles tested, the rear dummy submarined beneath the ...
Florida Courts Flooded With Suits Before Tort-Reform Bill Signed
Just as the plaintiffs' law firm of Morgan & Morgan warned, the number of Florida lawsuits filed across the state has shattered previous records, topping 280,122 in ...