In a significant development for the home insurance industry, Kin, a direct-to-consumer insurance company, has announced the closing of a $33 million Series D extension. This latest funding round signals a surge in investor confidence in Kin’s unique business strategy and market focus, which has propelled the company’s systematic and capital-efficient growth. Unique Business Strategy and Market Focus Kin’s distinctive
Addressing the needs of small and medium-sized businesses (SMBs) in the insurance space, Bold Penguin, a leading small commercial insurance solution platform, has announced a strategic partnership with myCOI. This collaboration aims to provide myCOI users with seamless access to additional small commercial insurance options, further simplifying the insurance process. Bold Penguin’s Integrated Digital Solution Platform Trusted by agents and
Two years ago, the National Labor Relations Board (NLRB) signaled its intention to scrutinize workplace policies that may infringe on employees’ rights to engage in protected activity. This memo from the NLRB’s general counsel highlighted the importance of protecting employees’ rights under Section 7 of the National Labor Relations Act (NLRA). Recently, the decision in Stericycle, Inc. and Teamsters Local
In a move to boost the adoption of cyber insurance among small and medium-sized enterprises (SMEs), leading cyber insurance provider Cowbell has formed a strategic partnership with insurtech solutions provider Zywave. This collaboration aims to revolutionize the industry by offering individualized coverage options through an API-driven interface, providing quicker access to modernized cyber insurance products for managing general agents (MGAs),
Cincom Systems®, a leading global provider of Customer Communications Management (CCM) solutions, has recently announced its partnership agreement with Socotra Inc. This strategic collaboration aims to transform and simplify the development, production, and delivery of complex customer communications for insurers. By combining the power of the Socotra product line and Cincom Eloquence®, insurers can enhance customer experience with more timely,
In an effort to promote pay equity and improve transparency in job postings, New York has implemented a new salary disclosure law that requires all job listings in the state to include a salary or salary range. Effective from September 17th, this legislation aims to empower job seekers with important information up front and address systemic pay inequity and discriminatory
The insurtech industry experienced a period of exuberant investment resulting in inflated valuations. However, the aftermath revealed that a significant number of insurtech ventures were unable to sustain their operations. Nevertheless, the influx of insurtech firms played a crucial role in fostering digital innovation across the insurance industry. This article delves into the impact of the insurtech boom, the digital
Insurance has been an instinctual need of humans since time immemorial. From ancient civilizations to modern societies, people have sought ways to protect themselves against unforeseen risks and uncertainties. Over the years, insurance has evolved, reshaping the way people make insurance claims and the processes involved. The emergence of InsurTech In recent years, the insurance industry has undergone a significant
A Kansas Walmart store is facing legal repercussions after allegedly violating the Americans with Disabilities Act (ADA) by refusing to provide two deaf employees with an American Sign Language (ASL) interpreter while on the job. According to a lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) on September 8, the store subjected these employees to discrimination based on
In a move to propel its platform and ecosystem strategy, INSTANDA, a leading provider of insurance software solutions, has announced the appointment of Kevin Gaut as its new Chief Technology Officer (CTO). Bringing with him over 25 years of experience in senior technology leadership roles in the insurance and financial services sectors, Gaut is poised to lead the charge in
California has taken a significant step towards ensuring fair wages for workers by introducing legislation that would guarantee a minimum pay of $20 per hour. This move aims to address the pressing issue of income inequality and improve the living standards of employees. In a promising development, labor groups and lawmakers have reached an agreement to protect local restaurant owners
In today’s competitive job market, businesses often turn to employment bonuses as a tool for incentivizing and retaining talent. While bonuses can be a valuable asset, they come with their own set of intricacies, particularly in California. To navigate these complexities and ensure legal compliance, it is crucial to consult with a knowledgeable, California-focused employment attorney. Such expertise not only
