Personal Lines
Determining Lemonade Investors’ Likely Exit Strategy
Now that Lemonade has raised nearly $500 million in financing to date and is pursuing an international expansion, speculation has begun as to what the exit strategy will ultimately be for investors ...
Design Flaws in ‘Smart Home’ Devices Threaten Sense of Security They Bring
Researchers at North Carolina State University have identified design flaws in "smart home" Internet-of-Things devices that allow third parties to prevent devices from sharing information. The flaws ...
Brexit Could Hamper EU AI Technology Development: Official
The loss of the U.K.'s financial power and expertise as a result of Brexit is likely to exacerbate the European Union's lag in the global technological arms race, according to Anders Borg, a former ...
AIG’s Duperreault Promises a Full Year of General Insurance Underwriting Profit, Catastrophes or Not
American International Group President and CEO Brian Duperreault insists that the insurer's General Insurance unit will generate an underwriting profit through all of 2019. During the insurer's May 7 ...
Acquisition Alert: Generali Seeking Small and Medium-Sized Targets
Italy's biggest insurer Generali is looking at small and medium-sized insurance companies in Europe to strengthen its presence in the region, it said on Tuesday. Generali said in November it had up ...
At Long Last, AIG Achieves a General Insurance Unit Underwriting Profit
Insurer American International Group Inc reported first-quarter earnings that trounced Wall Street estimates on Monday, as its general insurance business posted its first underwriting profit since ...
Two Exxon Shareholders Won’t Support Directors Due to ‘Inadequate’ Climate Change Response
Two Exxon Mobil Corp shareholders said on Friday they would withhold their support for the re-election of all ExxonMobil directors at the company's annual meeting due to the U.S. oil major's ...
State Farm, Allstate Sue Doctors and Pain-Management Clinics, Alleging Billing Fraud
Two insurance carriers filed separate lawsuits recently against medical doctors and their pain-management clinics, accusing them of submitting bills for unnecessary medical procedures performed on ...