Commercial Lines
Fintechs Will Increasingly Squeeze Insurer Market Share: EU Official
Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech ...
Empathy: What Pie Insurance Co-Founder Craig Cares About
This year has posed an unthinkable number of challenges, and it has me considering whether or not empathy can exist in insurance. How can we create a world where buying and using insurance isn't a ...
Metromile to Become Public Company and Expand Nationally
Metromile Inc., an InsurTech focused on pay-per-mile auto insurance, has hit the public markets in a reverse merger deal with Insu Acquisition Corp. II (Insu II), a special purpose acquisition ...
Howden Buys Safeonline, a Cyber and Tech Specialist Broker
Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist broker and Lloyd's coverholder. Financial details of ...
Google Will Deal With Second Antitrust Lawsuit, Courtesy of 7 States
A bipartisan group of U.S. states plans to file an antitrust lawsuit against Google as early as next month, according to two people briefed on the matter, potentially beating a more widely ...
Cautious Optimism About a Final Brexit/EU Arrangement
British finance minister Rishi Sunak has said there is genuine progress in Brexit talks with the European Union, but that it would be better to walk away from a bad trade deal than tie Britain's ...
New Insurance Group Inigo Raises $800M of Capital; Ex-Hiscox Execs Behind Launch
Inigo Ltd., a new London-based insurance group, announced it has completed a capital raise of approximately $800 million from a consortium of global investors. Former Hiscox executives are beyind the ...
Mississippi Gulf Coast Casino Sues Carrier for Refusing Coronavirus Business Interruption Cover
A Mississippi Gulf Coast casino has become one of many businesses nationwide to sue its insurer for refusing to cover business losses because of the coronavirus pandemic. Island View Casino Resort in ...