Personal Lines
Insurers See Victory in Infrastructure Bill’s Embrace of Marijuana Impairment Research
The $1.2 trillion infrastructure bill that became law last week earmarks billions for projects to improve safety for cars and trucks and protect properties from floods and wildfires. But one of the ...
Generali in Early Discussions About Possibly Buying Credit Agricole Subsidiary
Assicurazioni Generali SpA is in early talks on a possible takeover of Credit Agricole subsidiary La Medicale, as part of plans to expand in European non-life and health insurance businesses, ...
Hosta.ai Raised $11.5M from USAA, Others to Further AI-Driven Property Assessment Tech
Hosta.ai, an artificial intelligence property assessment technology startup, has raised $11.5 million in new venture capital from a group of investors including USAA and The Cincinnati Insurance ...
Veteran USAA Exec Burgess Joining Lemonade as New Chief Claims Officer
Digital insurer Lemonade has hired a former USAA executive to be its new chief claims officer. Sean Burgess was previously chief claims officer at USAA, and worked more than 25 years at the company, ...
State Farm, Generali Join $53M VC Round for Nexar, an AI Computer Vision Startup
State Farm and Generali joied the $53 million financing round for Nexar, an AI computer vision startup based in New York. The technology startup provides crowd-sourced visual data that is ...
As Insurance Demand Rises, Premiums Projected to Reach Record Levels: Swiss Re
Strong growth and record premiums are projected for the global insurance industry, as demand for risk protection increases, according to Swiss Re Institute's latest sigma study. The global insurance ...
U.S., Israel Will Partner to Fight Ransomware Attacks
The U.S. Treasury Department said on Sunday it will partner with Israel to combat ransomware, with the two countries launching a joint task force to address cybersecurity. The task force will develop ...
Hippo Lost Less Money in Q3, Boosted Premiums and Continued Diversifying Distribution Options
Digital home insurer Hippo reduced net losses during the 2021 third quarter and boosted premiums substantially. The California-based InsurTech said it also made progress with its "omni-channel ...