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.
Author: Maria Valdez Haubrich
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.
Nearly 28,000 Work Injuries Every Year Are Linked to Hot Weather
New study highlights the impact of extreme heat on workplace injuries and supports calls for national safety standards
Annual Report on the Insurance Industry: Key Findings from the Federal Insurance Office
The report provides a detailed analysis of the insurance sector’s financial performance during 2024, including the life and health (L&H) and property and casualty (P&C) sectors, and more.
Cyber Insurance Market Expands Even as Global Rates Decline
Two recent studies released on October 23, 2025, highlight contrasting trends in the global cyber insurance sector — a rapidly expanding market alongside falling premium rates.
Coterie Expands “Manage My Risk” Program with Addition of Bluevine
Coterie Insurance, a tech-enabled managing general agent (MGA) specializing in property and casualty coverage for small businesses, announced the addition of Bluevine to its Coterie Applications’ Manage My Risk program. Bluevine is the largest small business banking platform in the U.S., and its inclusion aims to make digital banking and financial tools more accessible to… Continue reading Coterie Expands “Manage My Risk” Program with Addition of Bluevine
Hurricane Melissa Live Update: Storm Weakens After Striking Cuba and Jamaica
The storm, which has been blamed for more than 30 deaths across Jamaica, Haiti, and the Dominican Republic, made landfall in Cuba early Wednesday morning as an “extremely dangerous” Category 3 hurricane.