Thinktum Inc., with its headquarters in Waterloo, Ontario, has made a significant move in the insurance industry by acquiring Illustrate Inc., which has offices in Overland Park, Kansas and Toronto, Ontario. This strategic merger aims to position Thinktum as the leading provider of no-code solutions in the Insuretech and life insurance sectors. With a shared vision of revolutionizing the industry
The cyber insurance market has experienced a period of upheaval marked by a rapidly deteriorating loss environment, limited insurance capacity, surging global demand, and a much-needed pricing correction. However, encouraging signs indicate that market conditions are stabilizing due to significant improvements in underwriting results. This article explores the growth potential, correction, claims frequency, risks associated with biometric data, improved underwriting
A trucking company in North Jackson, Ohio, is currently facing a lawsuit as allegations of harassment and wrongful termination of two gay mechanics have come to light. The Equal Employment Opportunity Commission (EEOC) has accused the company of tolerating a hostile work environment that subjected the mechanics to discrimination based on their sexual orientation. Description of the alleged harassment According
NEXT Insurance, a leading digital insurance company, has announced the launch of its innovative offering called Coverage Builder. This new tool enables agents to customize coverage quotes for their small business clients, providing tailored policies that best meet their unique needs. With Coverage Builder, agents can now micro-tailor quotes, select policy limits, add or remove coverage, and even update limits
Kayna, an award-winning embedded insurance infrastructure platform, has recently secured €1 million in pre-seed funding. The round was co-led by Delta Partners and MiddleGame Ventures, with participation from Aperture and InsurTech Fund. This funding injection comes as Kayna intensifies its efforts to expand into the United Kingdom and United States markets. With a focus on driving growth for vertical SaaS
The New Jersey Department of Labor recently lifted its stop-work order against 27 Boston Market locations after the chain paid a staggering $630,000 in unpaid wages to 314 employees. This development comes as a relief for the struggling chain, which has faced numerous lawsuits and complaints from workers and vendors across the country who were left unpaid in recent months.
In a recent case that has brought attention to issues of workplace security and liability, a customer has filed a lawsuit against a restaurant after allegedly sustaining personal injuries caused by one of its security guards. This incident has raised questions about the restaurant’s responsibility for the actions of its employees and the enforcement of regulations surrounding the use of
In a significant announcement, Planck has introduced Planck PLUS, an innovative underwriting workbench that seamlessly integrates powerful generative AI (GenAI) functionalities. This breakthrough solution is set to redefine the landscape of commercial insurance underwriting by offering cutting-edge capabilities in risk research, insight generation, data attribution transparency, and automation. The Capabilities of Planck PLUS Leveraging the latest advancements in AI technologies
In an effort to cater to the growing needs of pet parents, Insurify has joined forces with Fletch to provide access to pet insurance products on its digital marketplace platforms. This strategic partnership aims to simplify the process of comparing and obtaining pet insurance through Insurify’s website and mobile app using Fletch’s open protocol. Pet Insurance Comparison Service Insurify’s digital
Next Insurance, a leading insurtech company, has recently introduced a game-changing tool for insurance agents called the NEXT Coverage Builder. This innovative platform represents a fundamental leap in allowing agents to micro-tailor small business quotes for their clients, providing them with the ability to select the appropriate coverage limits and fully control the insurance policies they are quoting. The Benefits
Under Title VII of the Civil Rights Act of 1964, employers are obligated to provide reasonable accommodations for their employees’ sincerely held religious beliefs unless it would result in undue hardship. In recent years, the burden of proving undue hardship has shifted, creating new challenges for employers. This article explores the implications of a significant Supreme Court ruling in Groff
The Texas Workers’ Compensation Act (TWCA) provides death benefits for the surviving spouse of a deceased employee. However, in a recent case involving Rush Truck Centers of Texas, L.P., the surviving spouse filed a lawsuit alleging gross negligence by the employer and sought workers’ compensation. The trial court denied the motion, prompting the widow to appeal. In a significant ruling,
