A significant global broker describes the “Trilemma of Tension.” The “Trilemma of Tension” in the global power sector is highlighted in WTW’s 2023 Power Market […]
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Milestone Reached: Q3 Insurtech Investments Top $1.1 Billion Amid P&C Surge
The quarter-on-quarter growth experienced a significant increase, reaching a double-digit percentage. The insurtech industry received about $1.1 billion in new capital worldwide in the third […]
Insurance premium rates have remained stable despite experiencing 24 consecutive quarters of increases.
What drove the variations in growth rates across market sub-segments? According to Marsh’s most recent Global Insurance Market Index, commercial insurance premiums around the world […]
Software Giant Elevates Quoting with Next-Generation Embedded Application
The acquisition in 2022 prompted the change. Applied Systems has released its business insurance app, Tarmika Insured, which is embedded. With Tarmika Insured, agents may […]
SambaSafety and Insurance Alliance Collaborate to Publish Telematics Use Report
Almost three-quarters of business insurers currently provide or intend to provide a telematics-based product. SambaSafety, a provider of cloud-based risk management solutions, has collaborated with […]
USAA and Truist Bank Put an End to Patent Dispute with Agreement
This lawsuit concerns the company’s innovative remote deposit technology from the early 2000s. A lawsuit USAA launched against Truist Bank over the latter’s unauthorised use […]
Staff Cuts Loom as Cowbell Plans 12% Workforce Reduction
The Chief Executive Officer (CEO) states that this day presents a significant challenge for everyone involved. Cowbell, a cyber insurance provider, has announced a 12% […]
North Carolina Homeowners Affected as Nationwide Opts Against Policy Renewals
The effects of hurricanes continue to be felt in coastal areas. Due to worries about hurricane risks, Nationwide has decided not to renew 10,525 homeowner’s […]
Employee Lawsuit Challenges Insurer’s COVID Vaccine Mandate
According to the group, they had to lay off more than 40 employees. Employees of BlueCross BlueShield of Tennessee (BCBST) have filed a federal class […]
Study Finds Proposed Reforms Could Raise Insurance Expenses for Michigan Residents
An economic consequence of “bad faith” legislation is highlighted, according to the coalition. According to a new research from the American Property Casualty Insurance Association […]