MGT AI-Native Insurer Raises $21.6M to Expand Commercial P&C Coverage
MGT secures $21.6M in Series B funding to enhance AI-driven commercial P&C insurance for small businesses across the U.S. Expansion targets E&S markets and AI innovation.
MGT secures $21.6M in Series B funding to enhance AI-driven commercial P&C insurance for small businesses across the U.S. Expansion targets E&S markets and AI innovation.
Florida's automatic increase in the Hurricane Catastrophe Fund retention contributes to higher homeowners insurance premiums by driving up reinsurance costs. Resetting the retention threshold could lower premiums and improve market stability.
Illinois Attorney General sues State Farm for withholding homeowners insurance data from state regulators, emphasizing issues of transparency and compliance in insurance market oversight.
Explore how The Hartford utilizes AI and data science to detect and prevent sophisticated insurance fraud schemes across property-casualty lines, enhancing risk management and reducing losses.
The 2025 SambaSafety Telematics Report reveals telematics' growing impact on commercial auto insurance, highlighting data integration challenges and opportunities for enhanced insurer-fleet collaboration in risk management.
Three Jacksonville teenagers face felony charges after crashing a stolen car into a mattress store, causing significant property damage and business interruption. The incident highlights insurance risks and claims implications for small businesses in urban areas.
Explore how personal lines insurance is evolving from repair-and-replace to a predict-and-prevent approach, driven by economic pressures, consumer behavior shifts, and technology integration.
New York DFS fines eight auto insurers over $19 million for cybersecurity violations after data breaches exposed driver information in online quoting systems. Enforcement highlights increasing regulatory scrutiny in insurance industry compliance.
Louisiana appeals court overturns dismissal in a major staged trucking accident insurance fraud case, emphasizing investigation timing and legal procedure in commercial auto claims.
U.S. auto loan credit availability rose slightly in September 2025, driven by higher subprime lending and longer loan terms. Market dynamics show lenders balancing risk amid increased negative equity and evolving economic factors.