In a groundbreaking move that has sent ripples through the insurance technology landscape, Advent, a global private equity powerhouse, has acquired Sapiens, a leading provider of SaaS-based software solutions for the insurance industry, in an all-cash transaction valued at approximately $2.5
Introduction The escalating wildfire crisis in California, particularly in Los Angeles, has raised a critical question about the delayed implementation of protective regulations, especially the establishment of ember-resistant areas known as "Zone Zero." These delays have proven costly, with recent
What happens when a devastating house fire sparks not just a fight for compensation, but a legal war over who gets to speak for the victims? In Minnesota, a high-stakes drama unfolds as Chubb Indemnity Insurance Company takes on an unlicensed public adjuster in a federal lawsuit tied to a $1.77
In a dynamic move that underscores the evolving landscape of commercial insurance, two key players have joined forces to address a pressing gap in the market for brokers, highlighting their innovative approach. The collaboration between a prominent insurance brokerage and underwriting agency and a
Imagine a city where the serene beauty of towering glaciers masks a growing peril, as annual floods from melting ice threaten to wash away homes and livelihoods in Juneau, Alaska. This is not a distant fear but a stark reality, with the Mendenhall River recently cresting at unprecedented levels
In an era where consumer trust in the insurance industry is at an all-time low, a groundbreaking approach known as Brokerage as a Service (BraaS) emerges as a potential game-changer to address this critical challenge and restore confidence. Distrust, fueled by opaque pricing, convoluted policy
Imagine a homeowner who has diligently fortified their property against natural disasters, installing storm shutters and reinforcing the roof, only to discover that their insurance premiums are nearly double those of a neighbor with a less secure home, all because of a lower credit score. Recent
In a groundbreaking shift that has reverberated through the financial and insurance industries, a federal appeals court ruling has redefined the landscape for fractional life insurance policies, classifying them as securities under federal law. This decision, emerging from the Ninth Circuit Court
In a financial landscape often battered by economic cycles and unforeseen challenges, the property and casualty (P&C) insurance sector has demonstrated remarkable resilience in the second quarter, capturing the attention of investors and analysts alike with its ability to weather ongoing pressures.
In a landscape where financial stability often hinges on access to affordable healthcare, recent shifts in Ireland’s health insurance sector are raising concerns among thousands of families and individuals who rely on these services. With major providers adjusting their offerings—ranging from
