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Shooting for the stars: Novella raises $21M to expand AI insurance brokerage for complex risks
New York startup, with half its staff in Tel Aviv, will use the funding to develop AI underwriting tools, hire brokers and open more US offices
ynet Global | 05.14.26
Bear suit insurance scam: California trio stages fake attacks on luxury cars, sentenced to jail
Three individuals were sentenced for staging fake bear attacks on luxury vehicles in California. Using a man in a bear costume, they filed fraudulent claims for nearly $142,000. The scam was uncovered after a biologist identified the human in the footage
ynet | 04.20.26
Along with Sudan, Iran and North Korea: why travel insurance for Israel is vanishing from US markets
As millions of Americans plan to travel abroad for the holidays, leading insurance providers are quietly excluding Israel from coverage, despite being a popular destination for Christian pilgrims and tourists
Amir Bogen | 12.20.25
AI firm GeoX partners with Japan’s largest insurer to map property risks amid rising climate threats
Israeli firm teams with Japan’s Mitsui Sumitomo Insurance to analyze tens of thousands of homes using AI-driven geospatial data, as global insurers turn to property-level intelligence to manage rising climate risks and aging infrastructure
ynet Global | 12.06.25
Israeli court rules garbage truck driver’s fall while cleaning rear camera was a car accident
A garbage truck driver who slipped and injured his back while cleaning a dirty rearview camera will be compensated after an Israeli judge ruled the incident qualifies as a traffic accident under the country’s motor vehicle law
Attorney Guy Agam | 09.17.25
Germany’s ERGO Group acquires Israel’s NEXT Insurance for $2.6 billion in cash deal
Small-business insurer, which employs 700 workers, 200 of whom in Israel, acquired at 35% discount from 2023 valuation; deal marks ERGO’s entry into US insurance market as part of Munich Re’s global expansion
Sophie Shulman, Calcalist | 03.21.25
Applied Systems acquires Israeli startup Planck in deal worth about $300 million
Plank is developing an AI-based platform for collecting data and public business information for commercial insurance companies; As part of the deal, the insurance software giant Applied Systems will establish a development center in Israel
Meir Orbach, Calcalist | 07.23.24
Two years after Mount Meron disaster, insurers unwilling to cover festivities
With just two weeks left until hundreds of thousands make Lag BaOmer pilgrimage, organizers struggle to get coverage following deadly crush that left 45 dead, with some threatening to resign
Kobi Nachshoni | 04.24.23
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