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UniCredit Holds Stake of Between 6-7% in Generali, Source Says
UniCredit has increased its stake in insurer Generali to between 6% and 7%, a person with knowledge of the matter said on Thursday, ahead of a key shareholder vote to pick a new board of directors. Unicredit’s stake was 5.3% …
POSTED APRIL 24, 2025 9:31 AM |
The Race to Fix Aging Computer Systems Heats Up With AI’s Help
Kresimir Mudrovcic and his team of programmers spend months on end trawling through computer code that can be three times as old as the crew’s youngest members. Mudrovcic specializes in mainframe technology, involving computers tracing their roots to the dawn …
POSTED APRIL 24, 2025 9:19 AM |
Tech Update: Lloyd’s Backs BreachBits; ZoJacks Prevents Water Claims; Eagleview Expands Drone Options
Washington, D.C.-based BreachBits has received an investment of an undisclosed amount from Lloyd’s in what is the London-based global insurance marketplace’s third strategic innovation investment from among over 150 alumni of the Lloyd’s Lab. This investment follows BreachBits’ successful co-development …
POSTED APRIL 24, 2025 7:15 AM |
More Floridians Moving Out Due to Housing, Insurance Costs, Cotality Report Says
Florida’s elected leaders have long touted the “1,000 people a day” moving into the state. But that trend shows signs of slowing, with people moving out of the Sunshine State due to surging housing and property insurance costs, according to …
POSTED APRIL 24, 2025 5:02 AM |
Distracted Drivers Are Overconfident; 20% Still Texting While Driving
Driver overconfidence is leading to risky behavior. Nationwide’s latest driver survey found 20% of drivers text while driving, 15% use social media, 13% watch videos, and 11% read or write emails. Half of all drivers admit to eating or drinking …
POSTED APRIL 24, 2025 5:01 AM |
People Moves: SCM Names Valenzuela VP and Bond Manager; Breiter Joins Alliant in California
Valenzuela Joins SCM as Vice President and Bond Manager SullivanCurtisMonroe Insurance Services named Adriana Valenzuela vice president and bond manager. Before joining SCM, Valenzuela managed the surety department for Alliant Insurance Services’ Western offices. She also previously served as an …
POSTED APRIL 24, 2025 5:00 AM |
Viewpoint: What Tariffs and Steel Prices Mean for E&S Construction Insurance in California
Steel prices have been anything but steady in recent years. With renewed discussions around tariffs and trade restrictions, another wave of volatility may be on the horizon. While much attention is paid to how rising material costs impact builders and …
POSTED APRIL 24, 2025 5:00 AM |
A California New Car Group Sues Volkswagen and Affiliate for Violating Franchise Laws
The California New Car Dealers Association filed a lawsuit against Volkswagen and its affiliate, Scout Motors, for allegedly violating California’s franchise laws. The CNCDA lawsuit, filed in in San Diego County Superior Court, asserts that Volkswagen is illegally competing with …
POSTED APRIL 24, 2025 5:00 AM |
Maryland Slashes Damages Amount Allowed in Child Sex Abuse Cases
Maryland, which in 2023 passed the Child Victims Act (CVA) that allows survivors who were victims of sexual abuse as minors to sue their abusers anytime, has now cut by half the amounts that may be awarded in such claims. …
POSTED APRIL 24, 2025 5:00 AM |
Texas-Based Insurtech Steadily Secures $30M Series C Round
Steadily, a provider of landlord insurance in the U.S., announced $30 million in Series C funding led by Two Sigma Ventures at a $355 million valuation. Steadily serves 18 million individual rental property owners who collectively own the majority of …
POSTED APRIL 23, 2025 10:25 PM |
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