Markets
‘He’s Gaining on Us?’ An ‘Inconceivable’ Quarter of InsurTech Carrier Financials
As we worked on pulling together this third installment of our review of U.S. InsurTech startup financials, we were reminded of the scene from "The Princess Bride" in which a masked man in black ...
Second-Quarter 2018 Financial Details for Lemonade, Root and Metromile
Does Lemonade have shlimazels for customers? Is slower second-quarter growth at Root an indicator that the carrier is deliberately focusing on profitability? Do Ajit Jain and Rob Berkley know ...
XL Catlin Launches New Satellite Cover Addressing Launch and Deployment Risks
XL Catlin is expanding its space insurance offerings. The global insurer and reinsurer—soon to be acquired by France's AXA—disclosed it is launching space insurance coverage for satellite owners, ...
Alliant Acquires Firm That Advises on Commercial Real Estate Loans
Broker Alliant Insurance Services acquired Harbor Group Consulting, a national firm that handles insurance advisory services for commercial real estate loans. Neither side is disclosing financial ...
Japan Pushes to Restore Power After Quake Causes Record Blackout, Injuries, Business Interruption
Japan's northern island of Hokkaido began to restore power after a strong earthquake overnight knocked out electricity throughout the entire prefecture of more than 5 million people. The magnitude ...
State Farm Resolves Racketeering Trial With $250M Settlement
State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried to rig the Illinois justice system to wipe out a $1 billion jury verdict from 19 years ago. ...
Age Discrimination Hiring Practices Targeted by Upcoming Court Cases
Dale Kleber is an experienced attorney, but when he spotted an ad back in 2014 for a corporate law position at a medical device and services company that specified "no more than seven years of ...
Bermuda Insurers, Reinsurers Increasingly Doing Business in the European Union
For Bermuda's global insurance and reinsurance market, European policyholders and businesses are becoming increasingly beneficial partners, according to a new study from the Association of Bermuda ...