Autonomous trucking startup Gatik AI Inc. signed a deal with a major consumer-goods company that will double its contracted revenue to $600 million over five years, helping the self-driving technology developer build out its business shipping goods in the US and Canada. “This isn’t a demo, isn’t a pilot, it is a sustained commercial deployment at scale,” Gatik co-founder and Chief Executive Officer Gautam Narang said in an interview, without identifying the new partner company. “By the end of this year, we expect to have hundreds of trucks that would be revenue generating that would be driver-out as well.” The…
Author: Awais
On January 27, 2026, the Trump administration released details of the latest expansion of the Mexico City Policy, a policy he reinstated in January of last year. The policy, which has been in effect, depending on the party of the President, since 1984, has required foreign non-governmental organizations (NGOs) to certify that they would not “perform or actively promote abortion as a method of family planning” using funds from any source (including non-U.S. funds) as a condition of receiving U.S. government global family planning funding. In 2017, President Trump reinstated the policy but also significantly expanded it to encompass the vast majority of…
CRC Group Names DeJesus and Woita to Underwriting Leadership Joe DeJesus Austin Woita CRC Group hired Joe DeJesus and Austin Woita to its CRC Specialty Underwriting leadership team. DeJesus joined CRC Specialty as an underwriting team leader, based in Sacramento, California. DeJesus has a background in brokerage leadership and underwriting support, with experience guiding complex placements and mentoring teams. Woita has also joined CRC Specialty as an underwriting team leader, and he is a member of the Denver, Colorado team. He has experience in wholesale distribution, excess and surplus lines and national agency engagement, with a strong focus on aligning…
In March of 2025 a well-known dentist’s office exploded in the town of Evergreen, Alabama, near the Florida line. Today, the owner of that office, a dentist described as “very successful” and a “very nice guy,” is in jail, charged with arson and insurance fraud in connection with the explosion and fire. Dr. Douglas P. O’Connor, who turns 56 in February, “did knowingly and unlawfully commit the crime of insurance fraud by knowingly and with intent to defraud, conceal material information” presented to his property insurance company, reads the arrest warrant, filed in District Court in Conecuh County. O’Connor intentionally…
Artificial intelligence has become the loudest conversation in insurance innovation, but at CRC Group, the focus is less on hype and more on where technology genuinely improves outcomes. For David Hurst (pictured), chief technology and innovation officer, the question is not whether AI will transform insurance, but how to deploy it in ways that reduce friction, prove value and strengthen long-term competitiveness across a complex wholesale and underwriting platform.
Credit fund Enosis Capital has sealed an agreement with AXA XL for the insurance giant to provide crucial cover for a new $3 billion wave of “debt-for-nature” deals, the first of which is expected in the next six to nine months. Debt-for-nature swaps aim to help poorer countries spend more on under-threat ecosystems such as coral reefs or rainforests by replacing costly government bonds with cheaper alternatives. Examples in Belize, Barbados and Ecuador’s Galapagos Islands have grown their popularity, but there has been a relative drought over the last year as climate-change skeptic Donald Trump’s return as president in the…
Coalition introduced its Private Equity Practice, a tailored cyber insurance solution with advanced cyber risk management tools and customized coverage. Announced Jan. 27, the new practice, developed with PE-focused brokers, is bespoke for PE firms, sponsors, general partners, and their portfolio companies to help them manage cyber risks from deal screening through exit. “In private equity, a single cyber incident at one company can affect the entire fund,” said Shawn Ram, Coalition’s chief revenue officer. “That’s why investment and risk teams need visibility into the biggest cyber issues affecting both target companies and their entire portfolios.” Marcin Weryk was named…
Caresse Jackman, InvestigateTV After Susannah Reed-McCullough’s husband died in 2018, she and their young daughters continued to receive health insurance through his job as a firefighter in Maryland. Then, in 2024, she got an unexpected medical bill: $377 for a checkup for one of her children the previous fall. Reed-McCullough said she called the doctor’s billing department and learned the insurance company had dropped the children’s coverage. The drop turned out to be a mistake. But Reed-McCullough said she was forced to act as the go-between for her late husband’s human resources department and their insurer — all while worried…
BMS Re, the reinsurance arm of independent insurance and reinsurance broker BMS Group, headquartered in New York, appointed Tony Grippa as chief strategy officer for the U.S. business. Grippa will serve on the firm’s U.S. Executive Committee. Grippa will act as a strategic advisor, helping advance BMS Re US’s multi-year strategic plan and accelerate organic growth across its Programs, Mutuals and Specialty segments. Grippa previously served as a senior advisor to Dowling Hales, executive chairman and CEO of RYZE Claim Solutions, executive chairman of Risk Transfer Agency and also served as vice chairman on the board of directors for Atlas…
After a decade of foundational change, the insurer is sharpening decision-making, not chasing tools
Listen to the article 17 min This audio is auto-generated. Please let us know if you have feedback. The health insurance industry has had a tough few years. But 2026 is poised to be a reset period, where efforts from insurers to stabilize their finances, operations and public images could start to bear fruit, experts said. Margins should begin to improve this year, thanks to reimbursement hikes and payers rejiggering their plans to make them more profitable. Medicare Advantage profits in particular should tick up, offsetting some ongoing volatility in the Affordable Care Act and in Medicaid, experts predict. Moreover,…
Catastrophe risk modeling specialist Karen Clark & Company (KCC) has strengthened its leadership team with the appointment of Deanne Nixon as Senior Vice President, who joins the firm from global climate risk coverage platform Arbol.Based in Florida, Nixon, a respected industry figure, most recently served as a Senior Adviser for Reinsurance at Arbol, where she played a key role in strengthening the firm’s offerings. Nixon is well-known for her time at Weston Insurance. During her eight year tenure at the firm, she served in a number of high leadership roles, including more than six years as the Florida specialists Chief…
From family-run cafes to retail giants, businesses are increasingly coming into the crosshairs of President Donald Trump’s mass deportation campaign, whether it’s public pressure for them to speak out against aggressive immigration enforcement or becoming the sites for such arrests themselves. In Minneapolis, where the Department of Homeland Security says it’s carrying out its largest operation ever, hotels, restaurants and other businesses have temporarily closed their doors or stopped accepting reservations amid widespread protests. On Sunday, after the U.S. Border Patrol shot and killed Alex Pretti in Minneapolis, more than 60 CEOs of Minnesota-based companies including Target, Best Buy and…
Google will pay $135 million to settle a proposed class action by smartphone users who accused Google of programming its Android operating system to collect their cellular data without permission. A preliminary settlement with the Alphabet unit was filed late Tuesday night in the San Jose, California federal court, and requires a judge’s approval. Google denied wrongdoing in agreeing to the settlement, which covers users of Android-powered mobile devices since November 12, 2017. Users said Google needlessly collected cellular data, which they purchased from mobile carriers, even when they closed Google’s apps, disabled location-sharing or locked their screens. They said…