Starting this month, small businesses in North Carolina have access to a new way to offer health insurance to employees through the launch of Carolina HealthWorks. The program was made possible by a legislative change last year that updated the state’s insurance regulations.
Author: Maria Valdez Haubrich
Spektrum Launches Free Tool to Support NYDFS Cybersecurity Compliance
The limited-time offer provides a guided, step-by-step process to validate and prove compliance while strengthening cybersecurity posture and reducing regulatory exposure.
Insured Losses from Hurricane Melissa Estimated at Up to $4.2 Billion, Says Verisk
The hurricane caused widespread destruction, including extensive structural damage in Montego Bay, one of Jamaica’s main tourist destinations.
Insurance Buyers See Double-Digit Rate Cuts, But Market Fragmentation and Systemic Risks Persist
Insurance buyers across global markets are experiencing some of the most competitive conditions in recent years, with double-digit rate reductions and abundant capacity in key lines such as property, cyber, and directors and officers (D&O).
DOXA Expands Prize Indemnity Services with Acquisition of American Hole ‘n One
The acquisition supports DOXA’s continued expansion in prize indemnity, event promotions insurance, sports promotions insurance, and hole-in-one insurance.
Otonomi Secures $5 Million Series A to Advance Insurtech Innovation in Cargo Insurance
Otonomi.ai, a blockchain-enabled insurtech platform specializing in cargo delay protection, announced the completion of a USD $5 million Series A funding round on October 30, 2025.
Marsh & McLennan Downgraded by BofA Amid Growth Concerns, Announces New Acquisition
According to BofA, Marsh & McLennan’s high PEG ratio of 7.39 indicates premium valuation relative to expected growth, and the firm does not anticipate any near-term catalysts to support stronger performance.
Arthur J. Gallagher & Co. Acquires Tompkins Insurance Agencies, Inc.
Tompkins Insurance Agencies offers a full suite of property/casualty insurance products and employee benefits services to clients throughout New York and Pennsylvania.
Philadelphia Insurance Companies Acquires Collector Vehicle Business from Ignyte Insurance
The transaction is valued at $615 million and adds four collector vehicle brands — American Collectors Insurance, J.C. Taylor Insurance, Condon Skelly, and Heacock Classic — to PHLY’s portfolio.
SPG and Vertafore Partner to Streamline Insurance Processes
The collaboration is aimed at enhancing digital experiences for SPG’s retail agencies and improving operational efficiency across its partner network.
