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Insurtech Qumis Secures $4.3M Seed Round
Qumis, a lawyer-built AI-driven platform for commercial insurance coverage intelligence, announced a $4.3 million oversubscribed seed round led by MTech Capital, with new strategic investor American Family Ventures and participation from all prior investors. Total funding reaches $6.75 million. The …
POSTED FEBRUARY 20, 2026 5:12 PM |
High Court Ruling on Trump Tariffs to ‘Ease Uncertainty,’ Says AM Best
AM Best said the U.S. Supreme Court’s ruling against President Donald Trump’s authority to impose sweeping tariffs will help to “ease uncertainty across the insurance industry.” “Managing through unknowns is a challenge to any industry and most observations and segment …
POSTED FEBRUARY 20, 2026 5:05 PM |
Aon Promotes Fraccalvieri as CEO of Global Facultative Re, Succeeding Laing; Arch Insurance Int’l Promotes Hope, Mani to Key Underwriting Roles in D&O and FI
This edition of International People Moves details appointments at Aon plc and Arch Insurance International. A summary of these new hires follows here. Aon Promotes Fraccalvieri as CEO of Global Facultative Re, Succeeding Laing Insurance broker Aon plc announced that …
POSTED FEBRUARY 20, 2026 4:55 PM |
Palantir Decamps to Miami Co-Working Space in Surprise Move
Palantir Technologies Inc.’s surprise announcement that it’s moving from Denver to Miami is even more surprising because, at least initially, it’s going to be anchored at a co-working space. A regulatory filing lists the company’s “principal executive offices” at an …
POSTED FEBRUARY 20, 2026 4:55 PM |
Michigan AG Secures Judgment Against Construction Company
Michigan Attorney General Dana Nessel announced her office has secured a consent judgment against a Michigan construction company for accepting deposits for construction projects that were never finished and then failing to return the funds. Nessel filed a lawsuit last …
POSTED FEBRUARY 20, 2026 4:45 PM |
Erie Insurance CEO NeCastro to Retire at Year End
Erie Insurance said Tim NeCastro, president and chief executive officer, will retire on Dec. 31 after 10 years leading the company. NeCastro, who was named CEO in 2016, led the company’s growth to nearly $13 billion in premium and more …
POSTED FEBRUARY 20, 2026 4:36 PM |
OSHA Fines Alabama Utility Contractor $257,700 After Deaths of 3 Workers
The U.S. Occupational Safety and Health Administration this week fined an Alabama utility contractor $257,700, six months after three workers died from sewage gas while installing sewer lines. Construction Labor Services, based in Eight Mile, near Mobile, Alabama, failed to …
POSTED FEBRUARY 20, 2026 4:17 PM |
TotalEnergies Asked to End Oil and Gas Exploration in Paris Lawsuit
TotalEnergies SE is fighting a lawsuit in Paris that seeks to block one of Europe’s top oil and gas producers from starting new fossil fuel exploration and extraction projects. A group of non-governmental organizations and the Paris town hall asked …
POSTED FEBRUARY 20, 2026 3:57 PM |
US Supreme Court Rejects Trump’s Global Tariffs
The U.S. Supreme Court struck down on Friday President Donald Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major …
POSTED FEBRUARY 20, 2026 3:48 PM |
Former Broker, Co-Defendant Sentenced to 20 Years in Fraudulent ACA Sign-Ups
The leaders of a $180 million scheme to sell Affordable Care Act insurance plans to homeless people and others who did not qualify were sentenced to 20 years in federal prison and full restitution. Cory Loyd, 47, who was a …
POSTED FEBRUARY 20, 2026 3:31 PM |
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