News
Push for Litigation Funding Disclosure Grows
The privacy once enjoyed by investors who finance other people's lawsuits was rarely questioned before Hulk Hogan brought a media spotlight onto the niche industry after winning a $140 million jury ...
Coalition Acquires Attune, an MGA/Broker Platform Founded by AIG, Two Sigma
Coalition, a San Francisco-based cyber insurer and security company, has snatched up Attune, a carrier-founded managing general agent with a broker platform focused on commercial insurance. With the ...
Carrier Competition Heats Up Over Better Agent Digital Experiences
Agent digital experiences are moving to the forefront of property/casualty insurance carrier tech strategies, according to a survey report published by Celent late last week. Just having a web portal ...
Neptune Flood Acquires Parametric Quake Insurance Broker Jumpstart
Digital flood insurance provider Neptune Flood has acquired Jumpstart Insurance Solutions, a parametric InsurTech broker that offers parametric earthquake policies. Terms were not disclosed. ...
Year-End 2020 Loss Reserve Redundancy for Workers Comp Hits $14B: NCCI
Workers compensation insurers continue to stow away more money than necessary in reserves, even as reported loss ratios continue to climb, according to a report released last Wednesday by the ...
Florida Policies in Limbo Over Proposed Insolvency Surcharge
The Florida Insurance Guaranty Association is urging insurers to hold off on sending homeowners policy renewals until state regulators decide if they will approve a surcharge on premiums to help ...
1 in 4 Large Firms Has Vaccine Mandate for Employees, With More Coming: Gartner
One in four companies has instituted a vaccine mandate for U.S. workers, a sharp increase from last month, following President Joe Biden's directive ordering large employers to require shots or ...
Verisk Using AI To Analyze Yelp Small Biz Ratings
Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for small business insurers from more than 200 million reviews on ...