Personal Lines
UK Insurer Admiral Group Will Unload Price Comparison Unit in $685M Deal
UK home and car insurer Admiral Group Plc agreed to sell its price-comparison unit to the owner of property portal Zoopla in a transaction valued at 508 million pounds ($685 million). Admiral will ...
Executive Viewpoint: 2021 Will Bring Bolder Bets on InsurTech Innovation
Change came in many forms this year, as a global pandemic and numerous catastrophes sent shockwaves through the world and insurance community, leaving us all with a new perspective. Across the board, ...
2020 InsurTech VC Financings: Only A Handful Reached $100M or More
Carrier Management covered more than 30 property/casualty-specific InsurTech venture capital financings in 2020. The rough total of those combined investments surpasses approximately $1.7 billion. ...
Lemonade, 2020’s Best IPO, Could See Volatility When Insider Selling Restrictions Expire
The best-performing listing of 2020 is poised to enter the new year with extra volatility after insider selling restrictions expire this week. Insurance provider Lemonade Inc. is trading more than ...
Hospital Charges Rise Even as Auto Casualty Claimants Avoid Emergency Rooms
Auto casualty claimants are avoiding hospital emergency rooms during the COVID-19 pandemic but are generating increased hospital charges anyway, according to a new report by Mitchell, a San ...
Lemonade Wins Right to Use Signature Pink in France
Lemonade said it has won one battle in its ongoing fight to use its signature pink in the European Union. The digital insurer said it came out on top in a key ruling against Deutsche Telekom ...
Lloyd’s Takes Step to End Insurance and Investments in Coal
The Lloyd's market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022. As part of its plan to ...
High-End Home Insurance MGA Openly Secures $40M VC Round for National Expansion
Openly, an InsurTech MGA focused on high-end homeowners insurance, raised a $40 million round of venture capital from multiple investors. The new investment will fuel a national expansion, hiring and ...