Industry News
Climate Change Puts Financial Heat on Insurers and Policyholders Alike
Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire. But after a wildfire swept through their Northern California town of ...
China’s Ping An Insurance Will Sell $2.1B Stake in Auto Services Portal
Financial conglomerate Ping An Insurance Group of China is seeking to offload its 44% stake in auto services portal Autohome , three people familiar with the situation told Reuters. Ping An, which is ...
Investor Ire Over Lemonade’s Metromile Deal Overshadowed Generally Encouraging Q3 Results
Lemonade's decision to acquire struggling pay-per-mile auto insurer Metromile, along with a loss ratio that spiked higher, initially drowned out news of otherwise encouraging results from the ...
Lemonade’s Metromile M&A Deal Could Presage More InsurTech Acquisitions to Come: S&P
Lemonade's plan to snatch up Metromile isn't necessarily a one-off InsurTech M&A deal. Many more in the sector are likely in the future, particularly with newly-public startups burdened by anemic ...
InsurTechs Attract a Stunning $5.3B in Funding During Q3: Forrester
InsurTech continue to attract significant investor cash, pulling in a near-record $5.3 billion for the 2021 third quarter, representing a total of 472 deals. Interestingly, U.S. companies nailed down ...
Allianz Predicts Record Profit for 2021, Will Set Aside Money for U.S. Fund Investigation
Allianz nudged its forecast for record profit in 2021 even higher on Wednesday after a bumper third quarter while it tries to work out how much money it may need to set aside for a U.S. investigation ...
Risk Alerts: Tainted Consumer Products, Smartphones
Many fast foods contain industrial chemicals that have been linked to serious health problems. Smartphones and watches can interfere with pacemakers and other implanted medical devices. A rare ...
Strong Gains as U.S. P/C Insurers Emerge From the Pandemic
U.S. property/casualty insurers saw their net income jump to $37.5 billion in the 2021 first half, up from $24.3 billion the year before, with gains coming as the country continued to recover from ...