Insurtech weekly information roundup: Oct. 14

Thimble is a web-based MGA centered on skilled legal responsibility, enterprise tools safety, business property, occasion insurance coverage and different protection choices. Their team-up permits Thimble to supply prospects Cerity’s staff’ compensation protection together with its personal choices. They’re digitizing the insurance coverage buying course of for small companies, enabling inexpensive quotes in minutes in […]

Palantir CEO Alex Karp says tidal wave of macroeconomic dangers will wipe out some corporations

Palantir co-founder and CEO Alex Karp believes this era of “lethal” macroeconomic uncertainties will crush many corporations with shaky fundamentals. “Unhealthy instances are extremely good for Palantir … unhealthy instances actually uncover the sturdy corporations, and tech goes by way of unhealthy instances … rates of interest are the explanation,” Karp stated Thursday on CNBC’s “Squawk Box.” […]

Solar Life US president delivers replace on DentaQuest acquisition

“Over the previous decade we’ve reworked the US enterprise from a largely retail particular person life and annuities enterprise to a high-performing market main advantages enterprise,” stated Dan Fishbein, president, Solar Life Monetary US. “The DentaQuest acquisition continues this evolution, altering the footprint of our enterprise within the US into a bigger, extra healthcare-focused group, […]

Fed Governor Bowman sees ‘equally sized’ charge hikes forward after three-quarter level strikes

Federal Reserve Financial institution Governor Michelle Bowman provides her first public remarks as a Federal policymaker at an American Bankers Affiliation convention In San Diego, California, February 11 2019. Ann Saphir | Reuters Federal Reserve Governor Michelle Bowman mentioned Saturday she helps the central financial institution’s current massive rate of interest will increase and thinks […]

Fraudster stole politician’s id, authorities say

A Michigan man has been accused of stealing a state consultant’s id to commit insurance coverage fraud, based on Michigan Lawyer Common Dana Nessel. Christopher Nonetheless, 24, has been charged with three counts of insurance coverage fraud, a felony punishable by as much as 4 years in jail and as much as $50,000 in fines; […]

S&P 500 sheds practically 1% Friday on Snap-led tech sell-off, however finishes greater on week

The S&P 500 fell practically 1% on Friday, however completed the week greater, as buyers digested disappointing outcomes from Snap that despatched social media shares reeling. The Dow Jones Industrial Common misplaced 137.61 factors, or 0.43%, to 31,899.29. The S&P 500 declined 0.93% to three,961.63, whereas the Nasdaq Composite traded 1.87% decrease to 11,834.11. These […]

States must undertake prudent borrowing technique: RBI governor Shaktikanta Das

RBI governor Shaktikanta Das on Thursday emphasised on the necessity for states to undertake prudent borrowing technique and environment friendly money administration practices, preserving in view the evolving macroeconomic eventualities. Inaugurating the thirty second Convention of the State Finance Secretaries (SFS) in Mumbai, he harassed that the states ought to concentrate on enhancing high quality of expenditures, higher dealing […]