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Travelers Launches AI-Powered Claims Intelligence Tool in e-CARMA® 0

Travelers Launches AI-Powered Claims Intelligence Tool in e-CARMA®

New feature helps risk managers quickly identify, understand and act on their most critical claims Hartford, CT (May 1, 2026) – The Travelers Companies, Inc. is pleased to announce the launch of Claim Insights, a new AI-powered capability for customers within Travelers’ proprietary risk management information platform, e-CARMA®. Claim Insights helps risk managers act faster and more effectively by optimizing claim analysis, prioritizing the right claim for action at the right time and putting key insights at risk managers’ fingertips. By streamlining how claims are monitored and managed, the tool enables risk managers to stay ahead of developments, respond more quickly and maintain tighter control over outcomes. “For risk managers overseeing a high volume of claims, knowing where to focus at any given moment is critical, and Claim Insights brings that clarity,” said Todd Mattiello, Vice President, National Accounts at Travelers. “It accelerates how work gets done and surfaces the insights needed to make better decisions, helping them manage claims with greater speed and more effectively.” Claim Insights reflects Travelers’ ongoing investment in combining deep insurance expertise with advanced technology to deliver high-impact solutions for customers. Travelers supports e-CARMA with a dedicated team that helps customers implement and tailor the...

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FSB Watchdog Flags Risks in Banks’ Growing Private Credit Ties

Article 0 Comments The fast-growing private credit industry’s deepening links with traditional banks and asset managers create risks to the global financial system, the global Financial Stability Board watchdog said on Wednesday, warning some broader measures showed upwards trends of defaults. Signs of some underlying stress are emerging across private credit – typically lending to mid-sized companies by non-banks – including rising defaults, while a lack of transparency is posing challenges for regulators and investors alike, the watchdog said in its “Vulnerabilities in Private Credit” report. It singled out the “retailisation” of private credit – particularly in the United States where funds are marketed to wealthy retail investors – as a potential amplifier of risk. “Interconnectedness between private credit and insurers has also increased, with the FSB estimating that around 10% of life insurer portfolios may be in private credit, against around 3% for non-life insurers.” The FSB, which coordinates financial regulation for the world’s major economies, valued the overall private credit market at between $1.5 trillion and $2 trillion using 2024 data. The Alternative Investment Management Association puts it higher at $3.5 trillion. The private lending sector has grown rapidly since the 2007-2009 financial crisis partly due to tighter...

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No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law

Article 0 Comments Did you hear that Florida’s 55-year-old “no-fault” auto insurance statute has been repealed? Most people in the Florida insurance industry probably know that is not true. But a number of recent websites and postings by Florida plaintiffs’ law firms and even those of a few insurance agencies have suggested otherwise, leading to some confusion and questions about the state’s personal injury protection law. “Florida No Fault Insurance Repeal 2026,” reads a search-engine headline from the Aronberg & Aronberg law firm website. “Florida Senate Votes to End No-Fault Insurance,” reads another, posted on the Brooks Law Group site. “If you have owned a vehicle in the Sunshine State, you are familiar with Personal Injury Protection (PIP). But as we move through 2026, that foundation is undergoing a seismic shift,” notes the website for Jessica Lyng Insurance, an agency in the Florida Panhandle. Florida lawmakers in recent years have, in fact, considered repealing the personal injury protection, or PIP law. But it passed the Legislature only once, in 2021, when Gov. Ron DeSantis famously vetoed the bill. And more bills were introduced in the 2025 and 2026 legislative sessions. But those bills died in committee, according to information from...

Track claims “like food delivery” with new Insly claims portal 0

Track claims “like food delivery” with new Insly claims portal

New claims portal allows MGAs and insurers to offer self-service filing and real-time claims visibility, while cutting the operational cost of claims. Tallinn, Estonia (Feb. 24, 2026) – Insly, the the low-risk, enterprise-grade insurance software provider, has launched a new claims portal enabling MGAs and insurers to give policyholders a modern, self-service claims experience. By putting the customer in control of the claims process from first notification of loss (FNOL) through to resolution, the portal removes or significantly reduces the need for phone calls and emails to claims handlers, while ensuring customers are always fully up to date on the status of their claim. Customer-facing portal  The portal sits as an intelligent front end over any core claims system to capture the FNOL, extract and validate claims data, and feed structured information directly into the back-office system –  without requiring the policyholder to pick up the phone. Once the claim is underway, the portal gives customers real-time visibility of its status – much like the interface of a food delivery app – alongside expected payout and full claims history. Advisor portal  The portal also offers an advisor portal, enabling claims handlers and loss adjusters to carry out FNOL and claim...

QuickFacts Announces Collaboration with Coalition 0

QuickFacts Announces Collaboration with Coalition

Toronto, ON (Apr. 28, 2026) – QuickFacts is pleased to announce a new collaboration with Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, to help Canadian brokers access clear, up-to-date underwriting information related to Coalition’s cyber insurance products. This collaboration helps make it easier for Canadian brokers to support their clients in navigating an increasingly complex cyber risk environment. Coalition’s holistic approach to cyber risk management, known as Active Insurance, combines cybersecurity technology and services with comprehensive insurance coverage. Coalition works to help organizations prevent, respond, cover, and secure their organization against cyber threats. Through this collaboration, brokers working with Coalition can find key underwriting details within QuickFacts, reducing the need to search through multiple sources or rely on outdated documents. Having this information readily available supports more accurate quoting, clearer client conversations, and better-informed recommendations around cyber coverage. “Cyber risk continues to evolve quickly, especially with AI on the rise, and brokers need access to reliable information they can trust,” said Ken Sedgewick, Strategic Partnerships Manager at QuickFacts. “Coalition brings a forward-thinking approach to cyber insurance, and this collaboration helps brokers stay informed and confident when advising clients on digital risk.” “Brokers...

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Plane Crashes in Texas Hill Country, Killing 5 Pickleball Players

Article 0 Comments Five members of a pickleball club who died after the small plane carrying them crashed in Texas are being mourned by a tight-knit community of fellow players. The Texas Department of Public Safety confirmed Saturday that Justin Appling, Hayden Dillard, Brooke Skypala, Stacy Hedrick and Seren Wilson were on board the Cessna 421C that crashed Thursday night in Texas Hill Country. Appling was the pilot. The aircraft had departed from Amarillo and was heading to New Braunfels National Airport. It crash-landed in Wimberley, a city about 40 miles (64 kilometers) southwest of Austin, the Texas Department of Public Safety said. The Amarillo Pickleball Club posted on its social media that the victims were members on their way to a pickleball tournament in New Braunfels. Teammates who became more like family Dillard and Appling, who went by the nickname Glen, were the owners of a manufactured home dealer in Amarillo. The business announced early Friday that it would be closed until Monday. Sarah Lister got to know Dillard and Appling during pickleball tournaments and described them as both genuine people. She said Appling was always making them laugh and Dillard was an amazing businesswoman and mother. She said...

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Inszone Acquires Arkansas’ Mena Insurance Agency

Article 0 Comments Inszone Insurance Services announced the acquisition of Mena Insurance Agency, Inc. This strategic acquisition brings a century-old institution and an experienced team into the Inszone organization, further expanding its footprint in Arkansas. Founded in 1911 by H.G. McLafferty, Mena Insurance has been a cornerstone of the local community for over a century. The agency is now led by P.T. Plunkett. Topics Mergers & Acquisitions Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable. Please tell us what you liked about it. Submit No Thanks Here are more articles you may enjoy. Interested in Mergers? Get automatic alerts for this topic.

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Protective Life to Acquire P/C Specialty Insurance Carrier Obsidian

Article 0 Comments In a rare crossing of insurance lines, Alabama-based Protective Life Insurance Co. is moving to expand into property/casualty lines by acquiring Obsidian Insurance Holdings, Inc., a New York-based property, casualty and specialty insurance platform. The companies say the acquisition will establish a new business line for Protective while giving Obsidian long-term capital support and additional flexibility. Terms were not disclosed. The purchase agreement was signed with Obsidian’s private equity founder, Genstar Capital, and involves acquiring Obsidian Insurance Holdings, Inc. and its affiliates Obsidian Specialty Insurance Co. (Delaware), Obsidian Insurance Co. (Ohio), and Obsidian Pacific Insurance Co. (Delaware). Obsidian’s admitted and non-admitted insurance carrier subsidiaries issue policies underwritten by managing general agents, managing general underwriters and program managers. Through its platform, Obsidian sources, underwrites and manages programs and reinsures the majority of the business to select reinsurers. Obsidian was established in 2020 by Genstar, which partnered with William Jewett and Craig Rappaport to lead the company. Since its founding, Obsidian has provided nationwide insurance capacity through its carrier subsidiaries, while growing annual gross written premium above $1 billion. Protective Life Corp. is a U.S. subsidiary of Daiichi Life Group, Inc. Protective Life Corp. has approximately $142 billion in...

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Texas Hill Country on Alert for Flooding as Heavy Rains Approach

Article 0 Comments A band of severe storms bearing down on central Texas has raised concerns about flooding, with heavy rains expected near the site of last year’s deadly Fourth of July floods. An ariel view of flash flood damage along the banks of the Guadalupe River on July 11, 2025 in Kerrville, Texas. President Donald Trump and first lady Melania Trump traveled to Texas one week after flash flooding along the Guadalupe River swept through cities, mobile home parks and summer camps, killing 120 people. Ninety-six of those killed were in Kerr County, where the toll includes at least 36 children. Photographer: Chip Somodevilla/Getty Images North America Communities in the Texas Hill Country could see up to six inches (15 centimeters) of rain in some areas late Thursday through Friday evening, according to the US National Weather Service. Flood watches have been issued across a broad stretch from the Permian Basin in West Texas into Louisiana, covering the cities of Austin and San Antonio. The storms will fall on a state coping with extensive drought. While most of the rain will be “beneficial,” local forecasters said, high rainfall rates could trigger life-threatening flash flooding, particularly in areas with poor...

Beyond the Hype: Separating Opportunity from Noise in Insurance AI & Tech Trends 0

Beyond the Hype: Separating Opportunity from Noise in Insurance AI & Tech Trends

By Juan Mazzini, Global Head of Celent — Artificial intelligence is no longer a “future of insurance” headline. It is already reshaping how carriers, reinsurers, brokers, and MGAs build products, run operations, and make decisions. The real question now is not whether AI will matter, but how quickly organizations can translate it into measurable outcomes—without breaking trust, compliance, or culture. During Reinsurance Week Miami 2026, I had the chance to moderate and contribute to a panel organized by MIA Hub and hosted within a dedicated space built for the week by BlueCap. The panel brought together our perspectives across technology, operations, and people, with the key participation of Alejandro Ceron, Founder of SP&E Consulting; Antonio Lizano, Regional Director LATAM at Sunlight Solutions; and Ivan Hernandez, CEO of Rocket Code. Below are the most practical themes that emerged—especially relevant for insurers, reinsurers, and brokers/MGAs looking to move from experimentation to enterprise value. 1. The biggest obstacle isn’t the model—it’s problem definition A recurring point: many AI initiatives still start with a vague mandate (“we need AI”) rather than a crisp business problem. That leads to pilots that look impressive but don’t change outcomes. The organizations getting traction are the ones that...