Content from Chad Hemenway
Lemonade Records Another Q2 Loss, Changes Pace for Profitability
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, but in a letter to shareholders the company ...
Alliant Response to Gallagher Poaching Suit: Female Employees Left Due to Poor Treatment
Alliant Insurance Services fired back at rival Arthur J. Gallagher in response to a request from Gallagher for a temporary restraining order against Alliant, accusing Gallagher of "rampant sexism, ...
Allstate ‘Further Accelerating’ Rate Hikes Following Q2 Loss
Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the second quarter. Allstate booked a net loss of $1.04 billion in the second ...
America First Insurance Group Launches for Conservative Customers
Earlier this week after over a year in development, insurance agency America First Insurance Group was launched, claiming it is the country's first conservative insurance group. "We felt the ...
Gallagher Sues Alliant Again for Alleged ‘Corporate Raid’ of Employees
Broker Arthur J. Gallagher filed another poaching lawsuit against Alliant Insurance Services, alleging Alliant is "presently engaged in a corporate raid of Gallagher's Chicago office." According to ...
Lemonade Lays Off Metromile Employees Immediately
Immediately after Lemonade closed its deal of Metromile on July 28, job boards lit up with news of layoffs at the acquired company. Former Metromile employees have been posting the news on LinkedIn, ...
Chubb Increases Loss Cost Trends ‘Rather Than Be Lagging and Get Caught’: Greenberg
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 benign." Greenberg said during the July 27 call to ...
Insurers Wrangle Over Amber Heard Defamation Costs
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 has no obligation to indemnify her. New York ...