Personal Lines
Liberty Mutual Rebounds From COVID-19 Challenges
Liberty Mutual's 2021 second quarter swung to a profit as the insurer rebounded from challenges it faced last year due to the coronavirus pandemic. The company reported $769 million in net income for ...
State Auto, Soon to Be Acquired by Liberty Mutual, Reports Q2 Decline in Net Income
State Auto Financial Corp., soon to be acquired by Liberty Mutual for $1 billion, saw a large Q2 decline in net income due to a dip in net investment gains and as well as natural catastrophe losses. ...
Updated: Moody’s to Pay $2B for Daily Mail’s RMS Cat Modeling Unit
The publisher of Britain's Daily Mail said on Thursday it had agreed to sell its insurance risk business RMS to Moody's Corporation for about 1.425 billion pounds ($1.99 billion) in cash. Chief ...
Zurich Insurance, Metromile Disclose Their Post-COVID Return-to-Office Plans
Zurich Insurance and Metromile are among a number of industry companies that have plotted post- COVID returns to the office. Like the others who have recently disclosed their plans, they are doing so ...
Amid Hot Real Estate Market, InsurTech Hippo Eyes a Cool $638M Listing Today
Hippo Enterprises Inc. wants to change homeowners' insurance by using customer data to make it faster and easier to get coverage, Hippo's chief executive said in an interview. The company, which has ...
For Insurance Software Company Earnix, More Acquisition Targets Will Follow Its Driveway Deal
Earnix CEO Udi Ziv predicts his company will pursue more acquisitions in the coming months. News that the Israel-based software company focused on insurers and banks would seek more M&A targets ...
The Hartford’s Q2 Net Income Is 94% Higher Than Last Year
The Hartford reported $900 million in net income in the 2021 second quarter, a 94 percent jump from second quarter 2020. Core earnings of $836 million were up 91 percent from second quarter 2020. ...USAA Boosts Diversity Initiatives With New Executive Hire
USAA has hired its first-ever head of diversity initiatives at the organization. Bryan Gingrich will serve as Vice President of Diversity, Equality and Inclusion, a new role at the Texas-based ...