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 ...
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 ...
Tech Leaders Endorse AI Regulation at Rare Washington D.C. Summit
The nation's biggest technology executives on Wednesday loosely endorsed the idea of government regulations for artificial intelligence at an unusual closed-door meeting in the U.S. Senate. But there ...
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, ...
Hyundai, Kia Urge U.S. Court to Reject Social Media-Prompted Theft Lawsuits
Korean automakers Hyundai Motor and Kia Corp on Tuesday asked a U.S. judge to reject lawsuits filed by 17 cities for failing to install anti-theft technology in millions of their vehicles. The ...