Industry News
Allstate Closes $525M InfoArmor Cash Purchase
The Allstate Corp. has closed its $525 million cash acquisition of InfoArmor, a little over a month after the deal was first announced. InfoArmor is based in Scottsdale, Ariz., and provides identity ...
Calif. Mulls Counterproposal to Trump’s Proposed Rollback of Car Emissions Standards
California is considering a formal, public counter-proposal to President's Donald Trump's proposed rollback of fuel and pollution requirements for cars and trucks, a state official said Thursday. The ...
Lending Tree Forks Over $370M for QuoteWizard, an Online Insurance Comparison Marketplace
Online financial services marketplace LendingTree Inc. said it has agreed to acquire QuoteWizard.com, one of the largest online insurance comparison marketplaces. Since its founding in 2006, ...
Startups Nail Down Financing for Customer Management Software, Casualty Claims Tech
Glassbox closed a $25 million round of financing intended to fuel the growth of its digital customer management software. The company's clients include insurance companies such as The Hartford, ...
Small Businesses ‘Frustrated’ With Commercial Insurance Purchase Process: Accenture
Small commercial insurers aren't giving their client base what they want – a simple and easy purchase experience. Whether online or through an agent, business owners are left confused, frustrated ...
Alliant, Everest Re Launch Bid to Help Protect Hedge Funds From Cyber Attack
Hedge funds can spend years crafting a trading algorithm or a strategy to keep ahead of competitors. A Stone Point Capital-backed insurance broker is offering to help protect those trade secrets, and ...
Don’t Worry? EU, UK Regulators Will Cooperate to Aid Smooth Brexit
European Union regulators have recognized the need to cooperate with their UK counterparts to avoid disorderly markets if no agreement is reached on the terms of the UK's departure from the EU, ...
Q3 2018 Cat Losses Likely to Hit Above the Norm: Morgan Stanley
The 2018 third quarter was relatively benign compared to the record catastrophe losses incurred by carriers last year. But hurricanes, wildfires, typhoons and more could still leave industry losses ...