Cover Whale Insurance Solutions, Inc., a leading commercial trucking insurance provider and fast-growing insurtech, is thrilled to announce the addition of Darryl Siry as its new Chief Operating and Technology Officer. With his wealth of experience in technology transformation and execution, Siry is expected to drive Cover Whale’s continued growth and enhance its technological capabilities. This appointment marks an important
Cadence Bank, a leading regional bank in the Southeast, has recently closed the sale of its insurance operations, Cadence Insurance, Inc., to Arthur J. Gallagher & Co. The transaction, valued at $904 million in cash, is a significant move for Cadence Bank as it seeks to reinvest the capital into further growing its core banking business. The sale represents a
As the generative AI market continues to skyrocket, with a projected worth of $1.3 trillion in the next decade, insurance companies find themselves at a critical juncture. Recent technological breakthroughs in generative AI herald a potential transformation in the insurance industry. This article explores the immense possibilities, market projections, and the risks associated with the adoption of generative AI. Additionally,
The National Labor Relations Board (NLRB) has recently issued its final rule on the joint-employer standard under the National Labor Relations Act (NLRA). This article provides an in-depth analysis of the changes brought about by the new rule and explores its implications for employers. Background Under the previous administration, the NLRB introduced a joint-employer rule in 2020. However, the current
The insurance industry has witnessed a rapid transformation over the past decade, driven by advancements in technology and changing consumer demands. Recognizing the need for collaboration and innovation, members from several leading insurtech companies have recently announced the launch of the InsurTech Coalition. This novel trade organization is dedicated to shaping the future of insurance both ethically and inclusively. With
Amazon and its consultants have been found to have violated federal law by retaliating against union-organizing activities in 2021 at two of its facilities located on Staten Island in New York City, according to the National Labor Relations Board (NLRB). The NLRB’s announcement on Friday revealed that the company had breached the National Labor Relations Act by engaging in various
The U.S. Department of Labor (DOL) recently made an important announcement on November 28th, signaling a significant change in its approach to addressing child labor violations. The department will now assess child labor civil monetary penalties on a per-violation basis, a decision that aims to strengthen enforcement efforts and enhance the protection of underage workers. This article delves into the
Singapore-based insurtech Igloo has successfully raised $36 million in a Pre-Series C funding round, led by Eurazeo, a global investment firm. With participation from Openspace’s OSV+ and returning investor La Maison, this latest funding round comes just 10 months after Igloo’s previous Series B+ fundraising and brings the total amount raised to an impressive $100 million. The significant investment will
Slide Insurance, the full-stack homeowners insurtech focused on writing business in Florida currently, is making significant strides in expanding its presence in the market. The company has announced the launch of an admitted H06 condominium insurance policy, adding to its existing offerings. This expansion aims to provide condo owners and agents with comprehensive coverage options tailored to their specific needs.
A former employee has taken legal action against Taco Bell, filing a wrongful termination lawsuit. The individual alleges that the situation at work became unbearable following a wild holiday party, ultimately leading to their resignation. The lawsuit claims a hostile work environment and violations of the Fair Employment and Housing Act (FEHA). Let’s delve into the details of this troubling
Measured Analytics and Insurance, a leading provider of comprehensive cyber insurance solutions, has recently achieved the coveted Amazon Web Services (AWS) Cyber Insurance Competency. This recognition highlights Measured’s dedication to fortifying cyber resilience for small and medium-sized enterprises (SMEs) by providing enhanced security and affordable insurance options. Through a simplified customer experience and the integration of AI-driven risk assessment, Measured
In a rapidly digitizing world, insurance agencies need to adapt and provide efficient services that meet customer demands. NowCerts, a leading agency management system, has partnered with Input 1 to offer an integrated payments solution, enabling NowCerts’ agents and users to expand their service offerings and accept digital payments via credit, debit, and ACH. This partnership comes at a time
