Markets
InsurTech Root Plans to Raise Up to $604M in IPO
Automobile insurance startup Root Inc said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq, the latest in a line of insurers looking to tap the ...
Travelers Achieves Robust Q3; Net Income More Than Doubled
The Travelers Companies had a strong third quarter, reporting net income grew to $827 million, up from $396 million in the prior year quarter. An increase in the quarter's core income to $798 million ...
Conservative Culture Stymies Efforts to Diversify Insurer Executive Leadership
Attempts to diversify insurers' executive leadership are often stymied by conservative leadership and cultures, even after years of trying, a recent panel discussion concluded. "I don't mean to speak ...
FinTech Innovation Lab New York Seeking Startups for 12-Week Program
The FinTech Innovation Lab New York is now accepting application for its 12-week program designed to help early-and growth-stage financial technology companies accelerate their development. The ...
Three Year’s Later, #MeToo Hasn’t Prevented Retaliation for Sexual Harassment Reports
Three years into the #MeToo movement, there may be more awareness around workplace sexual harassment. But a new report finds that almost three-quarters of people reporting such harassment suffer from ...
The Latest Launches From MAPFRE and BHSI
MAPFRE is collaborating with a technology company to develop a new AI-based claims process for homeowners claims. Berkshire Hathaway Specialty Insurance said it has finalized proprietary Directors ...
What the P/C Insurance Industry Will Get If Biden or Trump Win
If Republican President Donald Trump wins re-election, the property/casualty insurance industry is not likely to see much change from the status quo in Washington. If Democrat Joe Biden wins the ...
Post-Brexit UK Financial Rules Will Need Tweaking to Stay Competitive: Study
Britain should tweak financial rules after full Brexit to keep London's financial hub competitive and deepen ties with growth markets in Asia, a think tank said in a study on Monday. Britain ...