Commercial banking

Insurers had already doled out more than $12 billion to pay for wildfire damages as of early March, according to California state officials.

The life insurtech's platform was built first for independent agency teams to help find clients, collaborate with team members and manage deals across carriers.

Insurers can use GenAI to elevate different use cases, from streamlining critical business functions to optimizing financial performance.

Peter Marton is the senior director of digital identity, compliance advisory and U.S. policy at Fireblocks, a digital asset security platform. He is a former deputy superintendent of virtual currency at the New York State Department of Financial Services.

Eva Stukenberg leads the Bloom Financial Associates team at Thrivent, a Fortune 500 financial services organization.

She brings extensive expertise to the financial services industry, having spent 15 years in corporate roles spanning insurance, investments, banking and consulting, followed by a decade serving clients directly as a financial advisor. She holds an MBA in finance and entrepreneurship management and a BSB in marketing from the University of Minnesota's Carlson School of Management.

There were about 57 funding events in the insurtech sector in March, according to a review by Digital Insurance.

The Standard completes the acquisition of Allstate's employer voluntary benefits business for $2 billion, plus more insurtech news.

DORA applies to roughly 22,000 entities in the EU and violators can face fines of up to 2% of gross revenue.

The Fitzgerald-based Colony Bankcorp agreed to pay $3.5 million to purchase an agency in Monroe, Georgia. The deal signals the potential return of more banks buying insurers than selling them.

The National Oceanic and Atmospheric Agency is poised to eliminate most websites tied to its research division under plans for the cancellation of a cloud web services contract.

Randy Nail has been with HoganTaylor for 15 years and currently serves as the firm's CEO. Most recently, he led the firm's financial institutions practice utilizing his nearly 20 years of experience providing financial institution clients with a wide variety of assurance and business consulting services. 

Louis C. Grassi, CPA, CFE, is the managing partner and CEO of Grassi. He began his career in 1977 and has extensive experience in tax, accounting and consulting.

Steve Heathcote has been CEO of PrimeGlobal since 2019. His extensive background in the accounting profession includes undertaking the COO role at the U.K. Financial Reporting Council, a senior management position at KPMG and over 10 years as a key member of the Association of Chartered Certified Accountants executive team.

Lumber retains protections for now, but construction stocks still fell, and while the initial market reaction lowered rates, there could later be a reversal.

Several factors are contributing to rising insurance premiums for homeowners.

Rigorous underwriting procedures are improving financial performance in this sector.

Lowell M. Smith Jr. is chief compliance officer and co-founder of IRALOGIX.

His previous experience includes working for the ERISA enforcement agency in the U.S. Department of Labor. He created a TPA compliance practice and consulted on products, procedures and technology for clients of Universal Pensions, now Ascensus. He is a published author and a frequent speaker at industry conferences.