Porch Group has announced a significant milestone after getting the green light from the Texas Department of Insurance (TDI) to set up Porch Insurance Reciprocal Exchange (PIRE), a new homeowners insurance reciprocal exchange in Texas. This decision is a strategic step aiming to enhance Porch
The latest Hiscox Cyber Readiness Report paints a concerning picture of the escalating cyber threats faced by organizations worldwide, revealing that two-thirds of businesses have experienced a marked increase in cyber incidents over the past year. These rising cyber attacks are not just technical
The recent negative outlook revision for France by Fitch Ratings does not affect the ratings of French insurers, aside from CNP Assurances SA, which now shares a negative outlook due to its integral role within La Banque Postale S.A. (LBP). Fitch maintains its assessment of Insurer Peer Score
Monark Markets has recently secured $2.2 million in seed funding to bolster private market access through traditional brokerage and wealth platforms. Led by Garuda Ventures and supported by K50 Ventures, Grit Capital Partners, Niche Capital, and influential angel investors such as Sydecar CEO Nik
In the past year, from September 2023 to September 2024, the insurance sector has seen notable regulatory changes aimed at improving corporate governance, consumer protection, and international competitiveness. Stakeholders need to stay informed about these developments, which span updates from
The failure of several legislative bills in California, aimed at holding insurance companies accountable, has sparked a heated debate about the role of substantial campaign contributions from the insurance industry. This financial influence appears to shape legislative outcomes, often to the
