A cocktail of risks is threatening to stall the US IPO pipeline, leaving Anthropic PBC’s potential blockbuster debut as one of the few offerings that investors can count on. Several deals have already come unglued, with smart-ring maker Oura Inc. …
Right now, many enterprises are approaching AI adoption like a vendor selection exercise. Which model should we partner with? Which platform is smartest? Which large language model (LLM) has the features and are at a price point we’re looking for? …
Three members of a New Jersey family have been charged for their alleged roles in a homeowners’ insurance fraud scheme involving an Assurance Insurance Co. claims examiner that generated more than $100,000 in fraudulent payments. Attorney General Jennifer Davenport reported …
Lemonade is offering renters insurance in Hawaii. The company’s renters policies are available through its app, where customers can get quotes, purchase and update policies and file claims. Lemonade said about 40% of renters claims are handled instantly. The company …
The commercial cyber insurance market is strong and growing, but small to midsize businesses may be falling behind as cybercriminals ramp up AI efforts. “Cyber threats are evolving faster than many businesses can adapt, creating significant financial and operational challenges,” …
A former claims adjuster has been charged with defrauding the Pennsylvania insurer he worked for by taking payment of nearly $1 million for an accident claim under the guise that he was with a law firm representing the claimant. Pennsylvania …
CCC Intelligent Solutions said on Thursday it agreed to be acquired by a consortium of private investment firms led by GTCR and including Elliott Investment Management in a $6.1 billion take-private deal. Shareholders of the Chicago-based company will receive $7.75 …
Anthropic should delay its US IPO until it addresses concerns about safety, governance and the pace of development, urged New York City Comptroller Mark Levine in a letter to the AI lab’s CEO Dario Amodei. AI systems have advanced rapidly …
Thirteen new syndicates opened their doors this year and more are lining up for 2027. Will the new money keep its nerve as rates soften?
The giant insurance brokerage looks like it is going all-in on an expensive battle over talent
A broad-based AI exclusion in insurance policies could create “real confusion and uncertainty,” Marsh CEO John Doyle said, calling for a more nuanced approach to assessing risks as the technology becomes increasingly embedded in business operations. Analysts and experts say …
Insurance technology company OneShield, headquartered in Marlborough, Massachusetts, appointed Terry Brown as chief insurance officer. In this newly created role, Brown will shape the company’s AI-native capabilities and bring them to market. Brown brings decades of insurance experience across the …