Industry News
Fired Root CMO Accused of Stealing Millions Spends ‘Lavishly’; Judge Appoints Receiver
According to court records, Root Inc's former chief marketing officer — accused of stealing about $10 million from the company — has not made court appearances, spent money in violation of court ...
Cyber Insurance: A Growth Market for Insurers With Some Caveats
As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage. According to today's DBRS Morningstar's commentary ...
Verisk, CCC Partner to Thwart Auto Insurance Fraud
Earlier this month, CCC Intelligent Solutions Inc. and Verisk Analytics Inc. announced a strategic alliance leveraging their technologies to enhance claims analytics. Their first project is the ...
More Insurers Leave Climate Alliance
Three more insurance companies including Tokio Marine have left a United Nations-backed net-zero climate alliance, leaving the group with about half the number of members it counted two months ago as ...
Liberty Mutual Selling LatAm Businesses to Talanx for $1.5B
Liberty Mutual and Talanx Group announced that the retail international division of the Talanx agreed to acquire the Liberty Seguros personal and small commercial business in Brazil, Chile, Colombia, ...
We’re Done: State Farm Decides to Stop Taking New Calif. Homeowners Biz
The nation's biggest insurer, State Farm, announced late last week that its homeowners provider to the nation's most populous state will no longer accept new applications there. State Farm General ...
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 ...