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Oklahoma Insurance Department Takes Action Against Unauthorized Auto Warranty Sales The Oklahoma Insurance Department (OID) has recently issued a significant Cease-and-Desist Order against Select Auto Inc., which operates under the name Select Auto Protect. This action comes in response to allegations of the unauthorized sale of auto warranty contracts within the state. Effective immediately, Select … Read more

Tragic Collision Near Ronald Reagan Airport: A Comprehensive Overview In a devastating incident that has shocked the aviation community, an American Airlines regional jet collided with a military helicopter near Ronald Reagan Washington National Airport on January 29, 2025. This tragic event has resulted in no survivors from either aircraft, marking one of the deadliest … Read more

Fortress Investment Group’s Bold Move into Litigation Finance: Fortress Legal Assets Fund II Fortress Investment Group is making headlines as it seeks to raise approximately $1 billion for its new litigation finance fund, known as Fortress Legal Assets Fund II. This ambitious initiative marks a significant expansion in a sector where Fortress has already established … Read more

Eaton Fire Investigation: New Evidence Emerges Against Southern California Edison The Eaton Fire, which erupted on January 7, 2025, in Los Angeles, has become a focal point of legal scrutiny as new evidence surfaces. A law firm representing victims of the fire has recently submitted compelling photographs in a legal filing that reportedly show exposed … Read more

Selective Insurance Group Reports Significant Decline in Q4 2024 Earnings Selective Insurance Group, a prominent player in the insurance industry, has revealed a noteworthy 24% decrease in its net income for the fourth quarter of 2024. This downturn has raised concerns within the company, as CEO John J. Marchioni acknowledged that the year “did not … Read more

Waymo Expands Autonomous Vehicle Testing to Over Ten New Cities in 2025 Waymo, Alphabet’s pioneering self-driving unit, has announced an ambitious plan to expand its autonomous driving technology testing to more than ten new cities in 2025. This significant move comes after successful trials in various locations, showcasing the adaptability and reliability of the Waymo … Read more

Federal Reserve Holds Steady: Analyzing the January 2025 Decision The Federal Reserve made headlines in January 2025 by deciding to keep its key interest rate unchanged, marking a pivotal moment in U.S. monetary policy. This decision comes as the Fed opts against a fourth consecutive rate cut, a move that has implications for both the … Read more

How Parametric Insurance is Revolutionizing Risk Management for Retailers In today’s dynamic retail landscape, businesses face a multitude of financial risks stemming from unpredictable weather, supply chain disruptions, and the ongoing digital transformation. As traditional insurance methods often fall short in addressing these challenges, parametric insurance has emerged as a viable solution. This innovative approach … Read more

Qumis Secures $2.2 Million in Pre-Seed Funding to Revolutionize Insurance Processes with AI In a significant development for the insurtech industry, Qumis, an innovative AI-driven platform founded by legal experts, has successfully closed an oversubscribed pre-seed funding round, raising an impressive $2.2 million. This funding round was spearheaded by Armory Square Ventures, with additional contributions … Read more

Understanding the Impact of Recent Los Angeles Wildfires on Insurance Claims The recent wildfires in the Los Angeles area have wreaked havoc, leading to significant destruction and a staggering financial toll. Preliminary reports indicate that insurance companies have paid out over $4 billion in claims related to the devastating Palisades and Eaton fires, which occurred … Read more