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AI Startup Cytora Raises $32.5M to Expand Commercial Insurance Products, Geographies
Cytora, the London-based provider of artificial intelligence-powered solutions for the commercial insurance industry, announced it has raised £25 million ($32.5 million) in new financing, which will be used to accelerate expansion of the company’s product suite as well as its …

POSTED APRIL 22, 2019 10:05 AM
Sompo International Appoints Brazil as CEO of SI Insurance (Europe)
Sompo International Holdings Ltd., the Bermuda-based specialty provider of property and casualty re/insurance, announced that Thomas Brazil will become chief executive officer of SI Insurance (Europe), SA, the company’s platform for European Economic Area (EEA) insurance business. Brazil has held …

POSTED APRIL 22, 2019 8:51 AM
Why It’s Difficult to Insure Iconic Properties Such as Notre Dame
Rebuilding Notre Dame, the 800-year-old Paris cathedral devastated by fire last week, will cost billions of dollars as architects, historians and artisans work to preserve the medieval landmark. But contrary to what one might think, little of the money will …

POSTED APRIL 22, 2019 7:43 AM
SLTX: Surplus Lines Insurance Bills Advancing in Texas
The Surplus Lines Stamping Office of Texas (SLTX) reported that several bills that would affect the surplus lines insurance industry in the state have advanced in the state Legislature. HB 1940, relating to the eligibility of surplus lines insurers to …

POSTED APRIL 22, 2019 5:47 AM
Louisiana Company to Pay $25K to Settle Federal Disability Lawsuit
Federal regulators say a Louisiana company that operates a fleet of off-shore work boats in the Gulf of Mexico discriminated against and fired employee due to perceived disability. The U.S. Equal Employment Opportunity Commission (EEOC) filed a disability lawsuit against …

POSTED APRIL 22, 2019 5:45 AM
Wuthrich Named Executive Director of Houston Independent Agents Group
The Independent Insurance Agents of Houston (IIAH) has named David Wuthrich as the group’s new executive director. Wuthrich is a native Houstonian and has worked in the insurance industry for many years. Most recently, Wuthrich has been developing and implementing …

POSTED APRIL 22, 2019 5:36 AM
Suits Against Gun Seller Tied to Kansas Business Shootings Settled for $2M
The families of victims of a mass shooting at a central Kansas business in 2016 have won a $2 million legal settlement from a pawn shop that sold the firearms to the shooter’s girlfriend. The settlement of three lawsuits in …

POSTED APRIL 22, 2019 5:09 AM
Wisconsinites Push for Safeguards in Prescription Drug Step Therapy Process
People struggling with chronic diseases joined doctors and other advocates in making the case on April 17 for a bipartisan proposal in the Wisconsin Legislature designed to make it easier for patients to get needed prescription drugs even when insurance …

POSTED APRIL 22, 2019 5:04 AM
Fitch Keeps Stable Outlook for P/C Insurers After Underwriting Profit in 2018
After two consecutive years of combined ratios above 100, the U.S. property/casualty industry returned to a modest statutory underwriting profit in 2018 as catastrophe losses slowed, premium growth accelerated and several key product segments enjoyed favorable results, according to Fitch …

POSTED APRIL 22, 2019 5:00 AM
NFP Names Wentz Plan Advisor in Utah
NFP has named Brandi Wentz a plan advisor for retirement services. Wentz will work in the Utah market with retirement plan committees and administrators on delivering NFP’s suite of retirement plan advisory, and other investment services. Wentz has with her …

POSTED APRIL 22, 2019 5:00 AM

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