News
Roots Automation Closes $22.2M Series B Funding Round
Roots Automation, creator of the AI-powered Digital Coworker and InsurGPT, a generative AI model for insurance, announced the closing of a $22.2 million Series B funding round. Harbert Growth ...
Marsh McLennan to Buy TIH’s McGriff Insurance for $7.75B
Marsh McLennan says it has a deal in place to acquire McGriff Insurance Services for $7.75 billion, funded by cash and debt financing. U.S. retail broker McGriff, an affiliate of private ...
Hurricane Helene Kills at Least 90, Leaves Destruction in Its Wake
The Southeastern U.S. began a huge cleanup and recovery effort on Sunday and the death toll climbed towards 100 after Hurricane Helene knocked out power for millions, destroyed roads and bridges and ...
Primary Insurers Will Absorb $5B+ Hurricane Helene Losses: Rating Agencies
In initial commentaries released a day after Hurricane Helene made U.S. landfall, AM Best and Fitch Ratings both pegged insurance industry loss totals at at least $5 billion, indicating that primary ...
Survey: Only One-Fifth of Employees Report Receiving Effective Training for Soft Skills
Just one-fifth of employees say their companies are effective at training and developing soft skills, according to "The New Skills Gap: Building Tomorrow's Workforce Today" report from Achievers ...
Injury, Fatality Factors Related to OSHA Top 10 Safety Citations
The primary injury and fatality events associated with Occupational Health and Safety Administration's top 10 workplace compliance issues were announced recently by the National Safety Council. ...
Decades of Erosion, Storms Leads to More Carolina Homes Collapsing into the Surf
A slow-motion catastrophe has been playing out in the coastal North Carolina village of Rodanthe, where 10 houses have fallen into the Atlantic since 2020. Three have been lost since Friday. The most ...
Personal Auto Insurance Could Be Obsolete in 20 Years: Morningstar
Self-driving cars could make personal auto insurance largely obsolete within 20 years, according to a worst-case scenario modeled by Morningstar. A more likely, moderate scenario forecasts the line ...