Finance

Bamboo Insurance Services Inc., a home insurance firm controlled by private equity firm CVC Capital Partners, has postponed its initial public offering, according to people familiar with the matter.

KKR & Co. is set to reap a $3.3 billion windfall from its deal to sell USI Insurance Services to Aon Plc for $17 billion, a significant exit for a unit that's invested its balance sheet in long-term private equity bets.

Executives from Liberty Mutual, UnitedHealth Group, Travelers and The Hartford share where AI investments are paying off.

Three areas inside agency finance are seeing the clearest, most measurable returns from AI and automation: commission reconciliation, premium financing and the monthly close.

Tens of thousands of acres have burned in central Oregon and in the Spokane region of eastern Washington.

RockRose plans to perform work such as tree trimming and roof upgrades and use those improvements to negotiate with insurers.

The six underwriters did 17% more business versus the second quarter of 2025, with earnings per share estimates increased for four of them as a result.

Not every AI story is a success; what are companies like Liberty Mutual and Manulife doing right that others get wrong?

The insurer highlighted AI as underlying the many factors that fueled its financial performance for the first half of 2026.

Sen. Elizabeth Warren and other senators sent a letter to six insurers challenging their use credit-based insurance scores to determine risk-based pricing.

Insurance companies are sharing their AI success stories with a focus on specific niches: controlling churn, fielding customer calls, slashing underwriting time and more. But even the biggest proponents of AI know it has limits.

The insurance company's AI investments show early success, but underwriters own the final decision, CEO Christopher Swift said on an earnings call.

The insurer highlighted AI-driven gains in claims processing and underwriting during the second quarter.

The health giant, in the midst of a $3 billion investment in AI through 2027, says the technology is now involved in nearly every provider and consumer interaction.

There were about 70 funding events in the insurtech sector in June 2026.

Five years after the Champlain Towers South collapse, while overall condo sales have held steady, the Miami market has had an 8 percentage point drop in share.

Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.

Poetic, an artificial intelligence startup, is emerging from stealth with $50 million in funding to help businesses streamline complex tasks, ranging from insurance underwriting to financial compliance.

There were about 50 funding events in the insurtech sector in May 2026, according to a review by Digital Insurance.

The loss of land to the sea in southern Louisiana over the next few decades places more than 1 million people in harm's way, the academics say.