News
Vertafore Acquires Surefyre to Expand Offerings for MGA Growth
Insurance software-as-a-service provider Vertafore said it has acquired Surefyre, a submission and underwriting platform for managing general agencies and wholesalers. The deal's financial terms were ...
‘Pivotal’ Q3 Sees InsurTech Root Achieves Net Income Profit for the First Time
For the first time in the company's history, Root Inc. recorded a quarterly net income profit. The Columbus, Ohio-based parent company of Root Insurance founded in 2015 recorded third quarter net ...
Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels
Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it. Due to rising trends in the frequency and ...
Study: Patient Safety Measures Declined as a Result of COVID-19 Pandemic
A new study has found that the COVID-19 pandemic significantly impacted patient safety indicators in U.S. hospitals, according to the University of Pennsylvania School of Nursing. The study, from ...
Jury Asked to Award More Than $6B in Preterm Baby Formula Case
A lawyer for a Missouri mother on Wednesday asked a jury to make Abbott and Reckitt's Mead Johnson pay a total of more than $6 billion in the latest trial over claims that the companies' formulas for ...
No More Tickets Now That Jaywalking is Legal in NYC
Jaywalking — that time-honored practice of crossing the street outside of the crosswalk or against the traffic light — is now legal in New York City. Legislation passed by the City Council last ...
Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best
AM Best's population of global reinsurance companies posted a return on equity (ROE) of 22 percent in 2023 – a five-year high that was driven mainly by favorable investment income and strong ...
Delos Insurance Solutions Raises $9M in Series A Funding Round
Property insurance MGA Delos Insurance Solutions, which uses wildfire science and satellite imagery to assist homeowners with wildfire insurance availability, has raised $9 million through a Series A ...