Premium Insurance & Income Tax

Texas Mutual Insurance | April 09, 2020

Workers’ compensation provider Texas Mutual Insurance Company has announced that its board of directors has voted unanimously to distribute $330 million in policyholder dividends two months early. The company has historically paid dividends in June, but decided to distribute them to qualifying policyholders early in response to the COVID-19 outbreak. About 805 of Texas Mutual’s customers – more than 57,000 business owners – will receive dividends this year, the company sa...

INSURANCE TECHNOLOGY

Damco Solutions, omni:us | December 07, 2020

Damco Solutions Inc., leading innovation solutions and digital services company, has announced the partnership with omni:us, an Artificial Intelligence as a Service (AIaaS) provider to fast-track insurers adoption of data-driven cognitive claims management. Backed with more than two decades of IT experience, profound insurance domain information, and industry-demonstrated ability in arising advancements, Damco Solutions would leverage omni:us remarkable capabilities to help insura...

CORE INSURANCE, RISK MANAGEMENT

Simplicity Group and Insurance Designers of America | March 06, 2023

Simplicity Group Holdings, Inc. (Simplicity) recently informed that it has acquired Insurance Designers of America (IDA), a leading insurance marketing organization (IMO), in order to provide a comprehensive range of services. As a result of this merger, Simplicity and IDA will now provide their respective members with a market-leading, tech-enabled distribution platform along with an unrivaled range of sales and marketing services. Bruce Donaldson, Simplicity's P...

INSURANCE TECHNOLOGY

USG Insurance Services, Inc. | September 29, 2021

Simply Business, Inc., a Boston-based digital insurance agency focused on small businesses, announced the launch of cyber liability insurance. The new product, developed in partnership with USG Insurance Services, provides small businesses with coverage for financial losses resulting from data breaches and other cyber events, as well as for crisis management, public relations, fraud response, and forensic and legal expenses. Cyber risk is a top concern for small busi...