Personal Lines
American National Group Reportedly Up for Possible Sale
U.S. insurer American National Group Inc is exploring options that could include a sale of the company, people familiar with the matter told Reuters on Tuesday. The news sent shares of American ...
Judge Orders Right-Wing Institute to Pay $2.4M to Man Hurt at Charlottesville Rally
A federal judge in Ohio has ordered a right-wing think tank led by white nationalist Richard Spencer to pay $2.4 million to an Ohio man severely injured during a white supremacist and neo-Nazi rally ...
Monitaur Raises Funding to Fuel Development of Machine Learning Assurance Tech
InsurTech startup Monitaur raised some crucial early-stage financing that will help expand hiring and its development of machine learning assurance technology. The oversubscribed $2.6 million funding ...
Investment Gains Fuel Liberty Mutual’s Q1 Income Results
Strong investment income gains helped Liberty Mutual more than doubled its first-quarter net income, largely countering more than $1 billion in catastrophe losses. Still, its consolidated combined ...
AIG CEO Zaffino Expects Life & Retirement Partial IPO by Year-End
AIG is full speed ahead with IPO plans for part of its Life & Retirement division and hopes to pull the trigger by the end of 2021, President and CEO Peter Zaffino said. Those plans have a few ...
Chinese InsurTech Waterdrop Reportedly Raises $360M in NY IPO
Chinese online insurance technology firm Waterdrop Inc has raised $360 million by pricing its shares at $12 a piece in its New York initial public offering (IPO), according to two sources with direct ...
Shift Technology Raises $220M to Advance AI-Driven Insurance Technology
Shift Technology raised a whopping $220 million in new venture investment designed to advance its products and services that rely on artificial intelligence and big data technology to optimize ...
AIG’s P/C Business Squeaks Into the Black; Net Income Soars
AIG's property/casualty insurance business squeaked into the black during the first quarter after losing money a year ago, and the company's overall net income grew substantially, thanks in part to ...