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Cover Genius Raises $100M in Capital From Vista Credit Partners
Cover Genius, the insurtech for embedded insurance, said on July 15 it raised $100 million in capital, backed by Vista Credit Partners, a subsidiary of Vista Equity Partners. The raise ups the business to a $1.9 billion valuation, said Cover …
POSTED JULY 16, 2026 5:11 AM |
Progressive Q2 2026 Net Income Up 4%
Second quarter 2026 net income at Progressive Corp. increased 4% compared to the same period a year ago to about $3.3 billion. Progressive reports results monthly. Net income for June was down 31% to about $779 million. The Mayfield Village, …
POSTED JULY 16, 2026 5:07 AM |
Florida Regulators Mulling New Rules on Market Conduct Exams, Reporting
Florida regulators are considering three rule changes, one on how market-conduct examinations are triggered, one on an expanded claims-dispute mediation system, and one that would require certain quarterly reports even when the insurer has not engaged in the type of …
POSTED JULY 16, 2026 5:02 AM |
New Jersey Insurance Agents Are Not Exempt From Consumer Fraud Act: State’s High Court
The New Jersey Supreme Court has ruled unanimously that insurance brokers, producers, and agents are not exempt from liability under the state’s Consumer Fraud Act (CFA). The court found that “extending the learned professional exception to insurance brokers would unduly …
POSTED JULY 16, 2026 5:00 AM |
Risk Theory Launches Jupiter Platinum Home E&S Product in California
Risk Theory Insurance Services launched Jupiter Platinum Home, a primary excess and surplus product for high-net-worth homeowners in California. The program, with capacity from Amherst Specialty Insurance, is built for homes with a $750,000 dwelling limit up to $25 million …
POSTED JULY 16, 2026 5:00 AM |
Busy Wildfire Season in West Tests Fire Bosses as They Juggle Resources
It’s already been a deadly year for firefighters, and authorities have been putting resources where they can more quickly pounce on wildfires before they get out of hand and increase the possibility of additional loss of life and property. Fire …
POSTED JULY 16, 2026 5:00 AM |
PG&E Says Power Shutoffs Required in California on Wildfire Risk
PG&E Corp. warned that power shutoffs will be required on Wednesday and Thursday in three California counties as dry conditions and gusty winds increase fire risks. PG&E is taking steps to preemptively shut off electricity to homes and businesses in …
POSTED JULY 15, 2026 7:21 PM |
FDA Sued for Allowing Unauthorized Vaping Products
A coalition of public health organizations, pediatricians and parents sued the U.S. Food and Drug Administration on July 14, challenging a new policy that allow some manufacturers to sell vapes and nicotine without the legally required license. The lawsuit, filed …
POSTED JULY 15, 2026 3:43 PM |
UK Steps Closer to Creating ‘Internationally Competitive’ Captive Market
The UK has lagged behind many of its insurance market competitors in that it does not have a not have a tailored regime to allow the formation of captive insurers, which has led many corporations to establish their captives overseas, …
POSTED JULY 15, 2026 3:37 PM |
NFP Acquires Ohio’s Total Benefit Advisors
NFP, an Aon company and leading property and casualty (P&C) broker and benefits consultant, today announced the acquisition of Total Benefits Advisors, a Cleveland, Ohio-based advisory firm specializing in retirement services and employee benefits solutions for business owners and wealth …
POSTED JULY 15, 2026 3:29 PM |
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