Markets
Root Raises $724.4M, an IPO Victory for the Auto Insurance Startup
Automobile insurance startup Root Inc sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its target range, to raise $724.4 million, the company said. Root, which has ...
Huckleberry CEO: Digital Insurance Can Help SMB Customers Survive a Pandemic
Every small business has been hurt to some extent by the coronavirus pandemic. As the world of work slowly returns to normalcy, small businesses need to prepare themselves with the right insurance ...
The Latest Launches From Munich Re and Starr
A unit of Munich Re is touting new cyber and technology errors and omissions insurance coverage designed to protect U.S.-domiciled organizations with domestic and /or global exposure. A division of ...
Chubb Turns in Q3 Profit Despite Massive Catastrophe Losses
Chubb's net income grew by 9 percent in the 2020 third quarter, something that Chair and CEO Evan Greenberg credited to rate hikes and improving underwriting conditions despite a tough environment ...
U.S. P/C Insurance Industry Net Income Plunges 26 Percent in H1
U.S. P/C insurance industry net income plunged 26 percent in the 2020 first half, as underwriting results and investment gains took a hit from COVID-19, catastrophes and other instabilities, ...
Insureds Seeking Premium Cuts Must Ask State Regulator First, Judge Rules
A federal judge has ruled that State Farm Fire and Casualty Co. does not have to return premiums to a small business customer because of the insured's reduced business during the pandemic. The judge ...
Take a Vacation Anyway, Plus Other Tips for Pandemic Work/Life Balance
Any remote worker can tell you how office demands have invaded the home in 2020 and started creeping into every corner of the day. But Jessica DeGroot is no ordinary worker. She is an expert in ...
China’s Ping An Insurance Sees Q3 Profit Rise
Ping An Insurance Group Co of China Ltd on Tuesday reported a 7.74% rise in net profit, its first quarterly profit increase in a year, as the country's largest insurer by market value attracted more ...