Monthly Archives: <span>May 2023</span>

Iowa Woman Sentenced to 3 Counts of Insurance Fraud

The Iowa Insurance Division (IID) announced Kathryn Hosmer, age 36, of Davenport was sentenced on May 18, 2023, after pleading guilty to three counts of Insurance Fraud – Presenting False Information (Class D Felony) following an investigation by the IID’s …

Families of Uvalde Victims Dig In for New Test of Gun Industry Protections

AUSTIN, Texas (AP) – After Mayah Zamora was shot and wounded at Robb Elementary School, her family did what many mass shooting survivors do: They sued. They sued the store off Main Street in Uvalde, Texas, that sold the teenage …

Travel Insurtech Faye Raises $10M in Series A Funding

Travel insurance startup Faye said it raised $10 million in series A funding just a year after launching its product in the U.S., bringing the company’s total funding to $18M. The round was led by Munich Re Ventures along with …

Special Trustee Appointed to Assist Clients of McClenny Moseley

The Louisiana Supreme Court appointed an attorney to take control of the “multitude of hurricane and storm-related” lawsuits filed in state courts by McClenny Moseley and Associates. In an order posted online Thursday, the high court named Edward J. Walters …

Wyoming Based Taco John’s In ‘Taco Tuesday’ Trademark Battle with Taco Bell

Declaring a mission to liberate “Taco Tuesday” for all, Taco Bell is asking U.S. regulators to force Wyoming-based Taco John’s to abandon its longstanding claim to the trademark. Too many businesses and others refer to “Taco Tuesday” for Taco John’s …

Judge Throws Out Shareholder Lawsuit Against Elon Musk Over Twitter Buyout

A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter shareholders several times last year in the course of buying the social media company for $44 billion. In a decision on Monday, U.S. District Judge …

Italian Insurer Unipol and SpaceX Join Forces to Help People Hit by Flooding

Elon Musk’s SpaceX and Unipol Gruppo agreed to join forces to help people hit by flooding in northern Italy connect to the Internet, facilitating rescue operations, the Italian insurer said on Saturday. Torrential rains devastated the eastern side of the …

Markets/Coverages: Sapiens to Integrate OpenAI for Insurers; WTW’s New Product for Intangible Assets; 2 New Construction Programs at Procore

Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced an agreement to integrate Microsoft Azure OpenAI Service to harness the most advanced generative AI models and tools for the insurance industry. Sapiens will integrate Microsoft …

Obie Raises $25M Series B to Expand Embedded Insurance Technology

Insurtech Obie announced it has raised $25.5 million in a series B funding round led by Battery Ventures, with participation from Brick and Mortar VC, DivcoWest, and several real estate funds and investor groups. “We’re excited to have the ongoing …

Widower of Bride Killed on Wedding Night Sues Driver, Carolina Bars

The alleged drunken driver who police say slammed into newlyweds riding along a South Carolina beach road now faces a wrongful death lawsuit alongside several establishments accused of overserving her on the night of the crash, which killed the bride. …