Markets
Root Books Another Loss; Stays Positive on Embedded Insurance
Calling embedded insurance the "next secular trend in distribution," Root Inc. CEO Alex Timm in a letter to shareholders said the company has an advantage to scale access in the channel and become ...
Moody’s RMS Estimates $5B Insured Losses From Turkey Quake
The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keep pouring in. The catastrophe risk modeling firm ...
With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23
Executives of InsurTech Lemonade say they're slowing down growth in 2023, as the company waits for regulators to approve rate hikes needed to keep up with inflation. "So long as these mismatched ...
Why Not Go Direct on Homeowners, Allstate CEO Asks
When Allstate's chief executive officer looks at potential growth opportunities for personal lines insurers, he sees an untapped part of the homeowners insurance market—customers that will buy home ...
Hyundai, Kia to Offer Software Upgrade to 8.3 Million U.S. Vehicles to Prevent Thefts
Hyundai Motor and Kia Corp. will offer a software upgrade to 8.3 million U.S. vehicles in response to increasing thefts targeting vehicles without push-button ignitions and ...
InsurTech Spotlight: How vQuip’s CEO Left the Football Field and Made His Next Play in Insurance
Cam Serigne, like many in the insurance industry, has had an unconventional career path, serving as a football player in the NFL before launching his own InsurTech. But he said joining an unfamiliar ...
AIG Moving Private Client Group High Net Worth Biz to Independent MGA
Following through on intentions to move its high net worth business to nonadmitted paper—and some to other capital providers—American International Group entered into a binding memorandum of ...
Facebook Hit With $1 Million Fine Tied to User-Privacy Lawsuit
]]Facebook and its outside law firm were ordered to pay almost $1 million in sanctions for deceitfully denying that it shared users' private information with third ...
