Personal Lines

P/C InsurTech Lemonade Quietly Debuts Term Life Insurance

Lemonade has quietly debuted term life insurance, according to its website. The New York-based InsurTech appears to be going the soft-launch route without major promotion of the launch, after first ...

AXA Explores Sale of Singapore Unit; Transaction Could Raise $700M

HSBC Holdings Plc and Malayan Banking Bhd.'s insurance venture are among shortlisted bidders for AXA SA's business in Singapore, which could raise about $700 million in a sale, according to people ...

Aon CEO Case Recognized for Advancing LGBTQ Equality

Aon CEO Greg Case has been recognized for advancing the equality of LGBTQ+ employees and individuals. Specifically, Case was named the No. 1 ally on the INvolve OUTstanding LGBT+ Ally Executives list ...

InsurTech Loop Announces Seed Funding, Targets Fair Auto Insurance

Loop, a B-Corp MGA focused on using AI, big data and telematics to build more inclusive auto insurance, announced the close of a $3.25 million seed round on Wednesday. Freestyle.VC led the funding ...

Electric Vehicle, Lithium Ion Battery Fires Put 1st Responders at Risk: NTSB

Electric vehicle fires pose safety risks to first responders and guidelines from manufacturers about how to deal with them have been inadequate, according to U.S. investigators. There are also gaps ...

Climate Change to Blame for One-Third of U.S. Flood Losses Over Past Three Decades

Climate change is to blame for more than one-third of U.S. flood losses over the past three decades, according to a new study from Stanford University researchers. The study, published in the journal ...

Lemonade Plans to Sell 3 Million Shares in Secondary Offering

Digital insurer Lemonade has announced plans to sell 3 million shares of common stock to raise money for "general corporate purposes." The New York-based InsurTech could raise as much as $808 ...

Chubb, Liberty Mutual, Travelers Put Political Donations On Hold

Major U.S. insurers on Wednesday decided to suspend contributions to political campaigns for the next few months, following last week's violence at the U.S. Capitol and challenge to President-elect ...