Browsing: Business Insurance

AI-driven commercial trucking insurer Nirvana Insurance announced an $80 million Series C funding round, solidifying its position as a leader in AI-powered insurance solutions. The funding will fuel further expansion and innovation in the sector.

California homeowners, renters, and businesses are facing increasing challenges with insurance renewals and affordability due to rising climate risks like wildfires and extreme weather events.

Experts discuss key trends impacting the E&O market, including AI, cyber threats, and the strategic importance of E&O policies.

The Texas Department of Insurance has approved the formation of Homebound Insurance Exchange, a reciprocal exchange that will take on a significant personal lines book from National Summit Insurance Company. ReAlign is among the investors.

American Coastal Insurance Corporation (ACIC) has released its 2024 Form 10-K report, detailing financial performance, strategic shifts, and challenges in the market.

Nirvana Tech Inc. receives significant funding to expand its AI-powered insurance platform for the trucking industry, promising faster and more accurate risk assessments.

Analysis of scrambled data.

Outmarket AI, a nascent company leveraging artificial intelligence to modernize commercial insurance processes, has completed a $4.7 million seed funding round.

Nationwide is launching a new unit focused on excess and surplus (E&S) property insurance, reflecting the growing importance of this market as traditional insurers withdraw from high-risk areas.

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