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AI insurtech Ominimo bags its first investment at a $220M valuation

How do you get talented engineers to work for a startup in a mundane field at a time when more exciting companies are paying well and hiring aggressively? Here’s an answer from one insurance startup out of Poland called Ominimo: make pay competitive,...

Liberty Mutual names Sweeney chairman, Long retires

Liberty Mutual Insurance Co. on Wednesday named President and CEO Timothy M. Sweeney to the additional role of chairman. He succeeds David H. Long, who is also retiring as a director of the company. Mr. Long, who spent 40 years at Liberty Mutual, was named...

Homeowners affected by Eaton Fire now face trouble with insurance companies are repeatedly changing their adjusters

ALTADENA (KABC) -- Frustrated homeowners who were affected by the devastating Eaton Fire said their insurance companies are repeatedly swapping out their adjusters, leading to delays in the resolution of their claims."I am very concerned about the toxicity that we're living in," said...

Japanese insurers turn to reinsurance and acquisitions for growth opportunities: AM Best

Facing a mature domestic market with limited growth potential due to a shrinking and aging population, Japanese insurers are expanding into international markets, like the US and Australia, and making acquisitions to diversify revenue and sustain long-term growth, a recent AM Best report...