Major firms cite costly devastating hurricanes and widespread litigation against the industry as reasons to sunset policies for an unspecified number of property owners.

Companies will put new artificial intelligence systems through internal and external testing before their release.

Both transactions are at an early stage and may not lead to a sale, said the people, who asked for anonymity to discuss the private information.

Brookfield Reinsurance Ltd. agreed to buy all the shares in the US insurer it does not already own for $55 apiece, according to a statement on Wednesday.

American Equity's board will review the proposal with advisers.

The first and fourth-largest home insurers in the Golden State won't issue new policies because of rising construction costs and exposure to catastrophes.

The deal values Amedisys at about $3.29 billion, based on the company's share count.

Groundspeed Analytics was seeking to raise venture capital funding when Insurance Quantified made the initial contact.

And more career moves.

Liberty Mutual sells everything from property and casualty to life insurance in Spain and Portugal through agents, banks and affiliates, according to its website.

The top five insurance companies had an average market share of 6.08% as of Q1 2023.

Austin-based Vista bought insurance technology provider Duck Creek Technologies Inc. earlier this year.

Robert Trunzo, who has led TruState since 2014, will retire in October. The company, previously called CUNA Mutual Group, hired Terrance Williams to replace him.

A new research report from SMA examines core systems deals completed in 2022 from 18 of the top solution providers in the market today.

The Tokyo-listed firm is working with an adviser to gauge investor interest in its life insurance units in Indonesia, Malaysia, Singapore and Thailand, the people said, who asked not to be identified as the information is private.

Thimble, founded in 2016, provides insurance "in minutes" to a plethora of industries including pet, beauty and cleaning services through its mobile app, website or over the phone.

MassMutual names John Rugel as head of operations and other news.

In an all-cash transaction valued at approximately $2.6 billion.

Elon Musk and Apple co-founder Steve Wozniak called for a review of the new technology.

A new scorecard show 13 of 68 companies got an "A" grade for being upfront about inequality in employee pay — and 25 got an "F."