Industry News
Delos in California Raises $7.3M in Seed Extension Round Led by IA Capital Group
Delos Insurance Solutions in California announced a $7.3 million seed extension round, enabling the managing general agent's expansion in the California homeowners' insurance market. The seed ...
CorVel Launches Training Initiative for Claims Professionals
CorVel Corporation, a provider of risk management services, announced the launch of CorVel University, a national training initiative designed to equip employees with the necessary skills and ...
The Hidden Cost of Standing Still: Legacy Platforms Slow Growth and Halt the Shift to AI-Enabled Insurance Business
Presented by Majesco
There is a hidden disease that is killing insurers — the disease of legacy technology. The problem is a matter...
Mutual Insurers’ Bottom Lines Reflect Impact of Inflation, Secondary Perils: AM Best
Despite notable premium growth in 2022, elevated inflation led to higher claims costs resulting in a $31 billion underwriting loss for U.S. property/casualty mutual insurance companies, according to ...
Hippo Investors Call for Strategic Review by Board, Other Actions
Members of the board of directors of InsurTech Hippo were on the receiving end of an open letter from a "concerned shareholder group," yesterday, urging board actions to preserve the value of a ...
Insurance Tech Vendors Focus More on Retaining Than Attracting Talent: Survey
A new report highlights the evolving strategies insurance technology vendors must take to attract and retain talent in a changing employment landscape, and finds that many have shifted their focus ...
The SEC’s New Disclosure Rules and Cyber, D&O Coverage
The U.S. Securities and Exchange Commission in July adopted rules that require public companies to disclose certain information about their cyber risk. The rules, originally proposed in March 2022, ...
Perils, CyberAcuView Launch U.S. Cyber Industry Loss Index
A U.S.-focused Cyber Industry Loss Index has been launched by Zurich-based Perils and CyberAcuView, an independent U.S.-based organization formed by leading cyber insurers, to keep capital flowing in ...
The Latest Launches from NEXT, Howden, McKenzie Intelligence Services
NEXT Insurance, a digital small business insurer, announced it is expanding its insurance offerings for small businesses with the launch of commercial umbrella/excess liability in 41 states and the ...