Content from Chad Hemenway
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI
Acrisure's CEO told employees that about 2,250 of them won't be with the company by the end of 2027. The Grand Rapids, Michigan-based global broker is planning to reduce its headcount by about 11%, ...
U.S. P/C Industry Underlying Growth Expected to Slow in 2026
The U.S. property/casualty insurance industry is expected to see underlying growth decrease 3.7% for the first half of 2026 as it deals with economic uncertainty. The industry grew 1.6% in 2025, but ...
U.S. Personal Lines Insurers Ask for Less Rate After Period of Catch-Up
It appears as though auto and home insurers have caught up, appropriately matching premium to risk in their portfolios. According to a new report from insurance industry rating agency AM Best, rate ...It’s a Good Thing? Martha Stewart to Get Into Home Insurance With Hint
Hint, a self-described "home management platform," has launched with a $10 million seed round of funding and the original influencer of all things having to do with the home living. Well-known ...
Root Inc. Opens 2026 With Best Quarterly Net Income Ever at Nearly $36M
Root Inc. reported a first-quarter 2026 net income of $35.9 million—the best quarterly result in the company's history—compared with net income of $18.4 million for the same period in 2025. In a ...
AIG Underwriting Income More Than Triples in Q1
First-quarter 2026 underwriting income in American International Group's (AIG) General Insurance segment increased nearly 220% compared with the prior year, to $774 million. Financial results for the ...
Hippo ‘Off to a Fast Start’ With Reversal of Q1 Loss a Year Ago
InsurTech Hippo reversed a first-quarter net loss of $47.7 million last year and posted net income of about $7.1 million for the first three months of 2026. Results a year ago included total ...
Lemonade Logs Q1 Net Loss With Topline Growth
InsurTech Lemonade reported a first-quarter 2026 net loss of about $35.8 million compared with a loss of about $62.4 million during the same time in 2025. However, Lemonade said its topline growth ...