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Insurtech Lemonade said it booked a second quarter net loss of $67.9 million compared with a net loss of $55.6 million during the same quarter last year, → Read More
In the latest in the back-and-forth court filings between Arthur J. Gallagher and Alliant Insurance Services, Gallagher said its competitor is putting on → Read More
Alliant Insurance Services fired back at rival Arthur J. Gallagher in response to a request from Gallagher for a temporary restraining order against → Read More
Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the second quarter. Allstate → Read More
Earlier this week after over a year in development, insurance agency America First Insurance Group was launched, claiming it is the country's first → Read More
Broker Arthur J. Gallagher filed another poaching lawsuit against Alliant Insurance Services, alleging Alliant is "presently engaged in a corporate raid → Read More
Immediately after Lemonade closed its deal of Metromile July 28, job boards lit up with news of layoffs at the acquired company. Former Metromile → Read More
Chubb CEO Evan Greenberg said the insurer is seeing favorable returns, but additional rate is needed to "keep pace with loss costs, which are hardly → Read More
In what may be one of the first court filings of its kind, insurer Travelers is asking a district court for a ruling to rescind a policy because the → Read More
Grand Rapids, Michigan-based fintech Acrisure has purchased the naming rights of the Pittsburgh Steelers' home field, which will be known as Acrisure → Read More
A little over a month after a jury found that actress Amber Heard had defamed ex-husband Johnny Depp, one insurer of Heard is asking a court to rule it → Read More
MarketScout said commercial property/casualty rates in the U.S. during the second quarter 2022 were about the same as the first quarter, with composite → Read More
Wholesale broker Risk Placement Services (RPS) said more than 20 new insurance companies and managing general agents have entered the excess & surplus → Read More
Alexandra Bretschneider said it feels like she has been a part-time grim reaper the last two years. The cyber practice leader at broker Johnson, → Read More
Insurtechs and insurance companies are "breaking down the wall" that stood between them as competitors in favor of working together to tackle dynamic → Read More
The hard market for cyber insurance, which is expected to continue for "some time," and a lack of capacity has made captive insurers an "attractive risk → Read More
Howden Group Holdings said it has created the "much-needed fourth global player in the reinsurance market" with an announcement it has acquired TigerRisk → Read More
Liberty Mutual Insurance said David H. Long, CEO since 2011 and a nearly 40-year veteran of the company, will retire at the end of the year. The company's → Read More
A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of → Read More
A day after hurricane season began on June 1, the hurricane research team at Colorado State University upped its forecast of the Atlantic hurricane season → Read More