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Week in Review — June 15–18, 2026

By Shefi Ben-Hutta

More than a century after GMAC was created to finance car buyers, the AmTrust lineage is acquiring a modern business built around the same idea.

Investments

ABRY Partners invests in Oracle RMS

By Gabriella Ben-Hutta ·

Oracle RMS’s leadership team retains significant equity ownership and will continue to lead the business during its next phase of growth.

Technology

New York Life expands AI compliance partnership with Norm Ai

By Coverager ·

NYL Ventures invested in Norm Ai and is one of its largest investors.

Financials

Hippo executives and Lennar sell stock

By Shefi Ben-Hutta ·

Assaf Wand offloaded 49k shares for $1.23 million, with a potential liquidation of 500k more shares still to come.

Investments

Auto insurance startup Soteris raises $8 million

By Coverager ·

The round follows a $150,000 pre-seed investment from Y Combinator in 2019.

Investments

Oka raises $2.6 million

By Coverager ·

The startup is a team of 10 competing with CarbonPool and Kita

Business

Progressive to shut down Stretch Financial

By Avi Ben-Hutta ·

Stretch has seen several changes over its ~5-year journey.

Innovation

Kia taps LexisNexis to enable driver scoring and insurance savings

By Coverager ·

The integration is live across the UK and EU.

Strategy

Brown & Brown taps WireX Systems to advance cyber insurance strategy

By Coverager ·

WireX is a network detection and response company.

Strategy

Zurich acquires BOXX Insurance

By Shefi Ben-Hutta ·

BOXX offers bundled cyber protection products.

Strategy

Carvana expands same-day delivery to Denver

By Shefi Ben-Hutta ·

Launches new national campaign with Jon Hamm.

Member News

Navigating the new AI regulatory landscape

By Robin Roberson ·

A single federal framework would have enabled insurance carriers to deploy AI systems under a uniform set of compliance standards. Instead, they now face a complex patchwork of laws from more than fifty jurisdictions.

Investments

Leaf Insurance raises €1.74 million

By Coverager ·

Leaf is a Danish insurance broker.

Business

Arch establishes US marine business

By Coverager ·

Kaufmann will be responsible for establishing Arch’s US Marine product offerings.

Business

Howden acquires majority stake in Japanese retailer Holos

By Coverager ·

Holos is a privately-owned retail insurance broker employing over 400 people across 20 locations in Japan.

Member News

Compliance Q&A with Patrick Masi

By Vertafore ·

Why compliance is at the core of integrated distribution management technology

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Featured Jobs

Head of Commercial Auto Insurance Programs

Tint

Vice President Independent Agent Operations and Strategy

Allstate

Go-To Market Manager, Ecosystem

USAA

General Manager - Product Strategy & Performance

Acuity Insurance

Member News

The Adjuster Shortage Is Turning Claims AI Into an Operating Necessity

By Yo Sub Kwon, Voltaire ·

ITC Infotech and InsureMO Partner to Bring AI-Driven Insurance Modernisation to Middle East, Africa, and India

By InsureMO, InsureMO ·

Buying Claims AI Is the Easy Part. This is How Two Claims Organizations are Making It Stick.

By Yo Sub Kwon, Voltaire ·

Zywave Announces 2026 Cyber Risk Award Winners

By Zywave ·

What Happens When Insurance Carrier Experts Retire?

By Vertafore ·

What 6,000 Insurance Leaders Were Actually Whispering About at Insurtech Insights USA

By Justin Jaksha, ePayPolicy ·

10 Cheapest Home Insurance Companies in Florida

By Melanie Musson, Clearsurance ·

Scaling Carrier Client Experience Starts Behind the Scenes

By Vertafore ·

Ivans Index May 2026 Results Released

By Michael Streit, Applied Systems ·

The Plaintiff Bar Brought AI to the Claim File. Carriers Should Arm the Adjuster.

By Yo Sub Kwon, Voltaire ·

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