Industry News
Gallagher, Alliant Agree to Settle Latest Dispute Over Alleged Poaching
Brokers Arthur J. Gallagher and Alliant Insurance Services jointly filed to tell a judge they have agreed to work out a settlement to end a short but contentious dispute over employee-poaching ...
Congress Examines Insurer Diversity; Results ‘Disappointing,’ Lawmakers Say
The insurance industry still has a lot of work to do when it comes to diversity, equity and inclusion. In fact, despite a strong DEI push across the industry, there was little change in racial, ...
Executives on the Move at Allstate, USAA, AGCS, Gallagher Re
Allstate has hired the chief technology officer of CVS Health, Zulfi Jeevanjee, into the newly created role of executive vice president and chief information officer. He will be responsible for all ...
The Latest Launches From NEXT, Celent, Safeco, HOVER and Trellis
Recent product launches in the property/casualty insurance world include embedded insurance offerings from NEXT and Trellis matching customers of non-insurance companies with insurers, a tool to ...
Report: While Hackers Eye Small Businesses, Ransomware Attacks Decline
A new cyber trends mid-year report released by cyber insurer Coalition suggests that while small businesses continue to be targeted, overall incidents are down and ransomware attacks are declining as ...
Rising Auto Rates Affecting ‘Bundle’ Strategy: J.D. Power
Bundling home and auto insurance may have hit a roadblock as consumers have started to break up policies largely due to increases in auto insurance premiums, according to J.D. Power. Overall ...
Pie Insurance Raises $315M in Largest U.S. InsurTech Financing Round of 2022
Pie Insurance, an InsurTech specializing in workers compensation insurance for small businesses, said it raised a $315 million Series D round of funding — the largest round of financing for any ...
InsurTechs Planck, Federato, CoverTree, Bamboo Connect With Investors
In the days leading up to the Insuretech Connect conference in Las Vegas in mid-September, InsurTechs Planck, Federato, CoverTree and Bamboo were among those announcing fund raises in double-digit ...
U.S. Traffic Deaths in First Half 2022 Hit 16-Year High
U.S. traffic deaths rose 0.5 percent in the first half of 2022 to 20,175, the highest number killed in the period since 2006, according to an early estimate released by U.S. ...