In a strategic move poised to shake up the insurance landscape of West Texas, Marsh McLennan Agency (MMA), a subsidiary of the global professional services giant Marsh, has acquired Perkins Insurance Agencies, a legendary independent agency from Abilene, Texas. With roots that run deep in local soil, Perkins has cultivated a strong reputation for excelling in various sectors, notably oil
The insurance industry’s landscape is undergoing a remarkable transformation, steered by the digital sorcery of AI. A particularly notable disruptor in this space is 1Fort, an InsurTech firm that has recently caught the industry’s attention with its trailblazing AI-driven platform. What sets this platform apart is its ingenious approach to tackling the historically laborious task of insurance quoting. Brokers are
In a strategic move to broaden its global footprint, Everest, a prominent global insurance provider, has recently received the green light from the Comisión Nacional de Seguros y Fianzas, Mexico’s insurance regulator, to venture into the burgeoning Mexican insurance industry. Everest will be launching its operations under the name Compañía de Seguros Generales Everest México S.A. de C.V., led by
The UK market has witnessed a significant shift with the introduction of a revolutionary insurance product by Sompo, a prominent player in the insurance field. This latest offering is tailored to the unique risks and needs of middle-market technology companies—including those in technology services, telecommunications, and the manufacturing and assembly of electronic products. Sompo’s venture into comprehensive coverage across domains
Sentry Insurance has chartered a bold new course in the maritime insurance industry by forging a strategic alliance with Falvey Insurance, a move that promises to inject fresh perspectives into marine cargo insurance. This partnership is a significant leap for Sentry Insurance, a mutual insurer known for its robust property and casualty offerings. The collaboration promises to capitalize on Sentry’s
In a landscape where the urgency for digital transformation is omnipresent, Inari emerges at the forefront with an answer to the insurance industry’s call for innovation. As the provider reveals its underwriting workbench product, it stands on the cusp of revolutionizing insurance underwriting efficiency. This product isn’t just another tool; it’s a beacon for streamlined management, touching every facet of
The insurance industry is standing on the precipice of a transformative era, propelled by the synergy of innovative technology and strategic partnerships. The latest herald of this evolution is the alliance between Zurich Insurance Company and Quantee, an InsurTech firm acclaimed for its cutting-edge approach to pricing insurance products. This collaboration signifies a pivotal moment wherein old-school methods coalesce with
Natural disasters wreak havoc on communities and pose significant challenges to the insurance industry. Historically, processing claims in the aftermath of such events has been a slow and laborious task, often creating bottlenecks and frustrations for insurers and policyholders alike. Yet, with the advent of cutting-edge technology, artificial intelligence (AI) is spearheading a pivotal transformation. McKenzie Intelligence Services (MIS), with
In an era where rapid technological progression is the cornerstone of economic success, the financial services industry is under immense pressure to keep pace. Among the latest groundbreaking developments is a strategic partnership poised to transform the commercial insurance landscape. Earnix, a leader in AI-driven software for the financial sector, and Verisk, a renowned data analytics provider, have joined forces.
Navigating labor laws can be a daunting task for any HR department, but with recent updates to the Fair Labor Standards Act (FLSA), comprehending and complying with new regulations on overtime pay is more crucial than ever. With these changes impending, organizations must look closely at their payroll structures and make strategic decisions that affect their workforce and compliance standards.
The digital revolution has witnessed a seismic shift in how enterprises manage risk, particularly in the realm of cybersecurity. At-Bay, a trailblazing insurtech firm, has taken bold strides in redefining cyber insurance, creating waves by announcing its substantial expansion in Cyber and Tech E&O Excess & Surplus coverage. This move targets the protection needs of larger enterprises with revenues up
The maritime industry, vital for global commerce, has often skated by on old technologies, lagging behind sectors like aviation in embracing innovation—until now. Orca AI, a trailblazer from Tel Aviv, is steering ships into modern times with cutting-edge artificial intelligence. Their vision has attracted a whirlwind of support, culminating in a $23 million capital infusion led by prestigious firms such
