Insly, a leading low/no-code insurance software platform, announced its acquisition of the insurance arm of TubaPay, a popular application that enables insurance agents to process premium payments via credit card and online. The strategic move expands Insly’s service offering and aligns with the company’s long-term plan to provide managing general agents (MGAs), insurers, brokers, and agents with all the technology
Frontier Airlines, a major U.S. carrier, has agreed to a settlement with the U.S. Equal Employment Opportunity Commission (EEOC) and five pilots over allegations of pregnancy discrimination. The airline was accused of forcing pregnant and lactating pilots to take unpaid leave, denying reasonable accommodations, and restricting their ability to pump at work. This landmark settlement marks a significant victory for
The global insurtech (insurance technology) industry has been experiencing significant growth in recent years. As emerging technologies continue to disrupt traditional insurance models, the demand for innovative insurtech products and services has been on the rise. This report aims to provide a comprehensive overview of the market, focusing on key segments, their growth rates, and market sizes. Additionally, it will
In a major development for the digital asset industry, Wert, the payment solution provider enabling fiat payments in Web3, has announced a partnership with Avata, an InsurTech service provider and expert in digital asset insurance solutions. This partnership aims to offer customers a first-of-its-kind protection for consumers purchasing non-fungible tokens (NFTs) on platforms leveraging Wert’s checkout solution. With the opt-in
Novidea, a leading insurance technology provider, has recently announced the launch of its cutting-edge insurance platform in Southeast Asia. With a focus on Hong Kong and Singapore, this expansion aims to fill the technology gap that exists for global brokers and carriers in the region. As the demand for cloud-based insurance management platforms continues to rise, Novidea’s entry into Southeast
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
