Los Angeles County is conducting an investigation into State Farm’s handling of insurance claims from the devastating L.A. wildfires in January. The investigation was ordered by the L.A. County Board of Supervisors, and it focuses on potential violations of California’s …
LA County Launches Investigation into State Farm Over Wildfire Claims Read More »
It did not taking long for one of the industry’s trade associations to spring to action following Congress’s return to work after a lengthy government shutdown. The National Association of Mutual Insurance Companies (NAMIC) on Thursday called on U.S House …
NAMIC Voices Support for FEMA Reform Bill Read More »
California is set to be drenched in coming days as heavy rain and snowstorms uncoil off the Pacific Ocean, potentially bringing Los Angeles a month’s worth of rain and prompting evacuation warnings in areas burned by last January’s fires. The …
Los Angeles Braces for Drenching Storms, Potential Flooding Read More »
Trucordia on Thursday said it acquired five insurance businesses across the United States, marking a significant milestone in the agency’s strategy to build a values-driven, client-first national network. The newly acquired businesses include: Assured Insurance Consultants (Tennessee) Charles River Insurance …
Business Moves: Trucordia Acquires 5 Local Agencies in 4 States Read More »
San Francisco, California-based Anzen announced a $16 million Series A funding round led by Madrona, with participation from Sandbox Industries, SNR, Andreessen Horowitz and other investors. The round brings Anzen’s total reported capital raised to $26 million. With this funding, …
Anzen in California Raises $16M to Scale AI Platform for Insurance Distribution Read More »
Large companies have been stuffing artificial intelligence software into every possible product for years. Now, Founders Fund is backing a startup that wants to help small businesses use the technology, too. Netic, which just raised $23 million in a Series …
Founders Fund Backs Startup Bringing AI to Plumbers and Roofers Read More »
The body of a coal miner was found inside a mine in southern West Virginia, four days after the stretch of mine was flooded when crews hit an unexpected pocket of water, officials said. It’s the third death this year …
West Virginia Coal Miner Found Dead in Flooded Mine Read More »
Selective Insurance, headquartered in Branchville, New Jersey, named Nathan Rugge as executive vice president, chief actuary. Rugge, who currently serves as senior vice president, chief corporate actuary, reserving, will assume the role following the retirement of Executive Vice President Vincent …
People Moves: Rugge Named Chief Actuary at Selective as Senia Plans Retirement Read More »
Chubb on Wednesday announced the debut of a new artificial intelligence-powered optimization engine within Chubb Studio, its global technology platform for embedded insurance distribution partnerships. The new capability uses proprietary AI to analyze data and deliver personalized insurance offerings at …
Chubb Launches AI-Powered Embedded Insurance Engine in ‘Chubb Studio’ Read More »
This edition of International People Moves details appointments at insurer Markel International and broker Lockton Re. A summary of these new hires follows here. Markel International Promotes Davies as MD of Newly Created London Mkt Business Markel Insurance, the insurance …
