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Insurtech Cake Completes $1.3M in Pre-Seed Funding

1 day 6 hours ago
Cake, an insurtech based in Indianapolis, has announced the completion of a $1.3 million pre-seed funding round led by venture capital company Markd. Additional sponsors included 2ndF, Iridium Bloom LLC, 101 Weston Labs, IIANC, and other industry-specific strategic partners. The …

Marsh McLennan Acquires 2 Louisiana Agencies

1 day 7 hours ago
Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced that it signed agreements to acquire two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies, doubling the firm’s presence in the state. Based in Shreveport, Q&N was founded in …

Markets/Coverages: Connecticut Opens Door to Real Estate Insurer Honeycomb

1 day 8 hours ago
The Connecticut Insurance Department has given Honeycomb Insurance approval to write policies statewide. Honeycomb offers customizable insurance coverage for apartment complexes, condominium associations, and single-family rental dwellings. The insurer promises technology-enabled and streamlined service, underwriting and pricing for commercial insurance …

Amazon Joins Companies Arguing NLRB Is Unconstitutional

1 day 18 hours ago
Amazon.com has joined rocket maker SpaceX and grocery chain Trader Joe’s in claiming that a U.S. labor agency’s in-house enforcement proceedings violate the U.S. Constitution, as the retail giant faces scores of cases claiming it interfered with workers’ rights to …
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