Industry News
P/C Broker Venbrook Raises $42M in Financing to Help Fund Acquisition
Venbrook Group nailed down $42 million in new financing from Madison Capital Funding, a subsidiary of New York Life, and some of the money has already helped back an acquisition that expands its ...
Allstate Launches New Hispanic Ad Campaign
Allstate Insurance Co. has launched a new Hispanic advertising campaign, "Estar en buenas manos nos da más," leveraging international reggaeton singer-songwriter Daddy Yankee. The campaign is the ...
Allstate Drones Continue Assessing Hurricane Matthew Claims in Ga., S.C.
Allstate will continue using drones in parts of Georgia and South Carolina to assess Hurricane Matthew-related roof and home damage claims. The drones will be used in Savannah, Ga., and several South ...
Reporter’s Notebook: 10 Takeaways From InsureTechConnect
You've probably heard there is tremendous investor interest right now in technology-first insurance startups, or InsurTech firms. The first InsureTech Connect Conference in Las Vegas in early October ...
Workers Comp Rates Priciest in Calif. and N.J., Lowest in N.D.
California and New Jersey had the nation's most expensive workers compensation rates, while North Dakota had the lowest rates in the nation, a new report shows. A report released this week by the ...
RLI Q3 Net Income Dips, CEO Remains Bullish Over Long-Term Trends
Specialty insurer RLI Corp. saw its 2016 third quarter net earnings drop versus a year ago due to higher loss expenses, though its combined ratio remains at a respectable level. Net earnings for RLI ...
Third Point Re CEO Equates M&A Practice With Failed Marriages
Third Point Reinsurance Ltd., co-founded by hedge-fund manager Dan Loeb, likened the risk of mergers and acquisitions to picking a spouse without being aware of how much can go wrong. "Just like ...
Allstate Debuts Revamped Commercial Insurance Quoting Platform; Pledges Policy in 5 Minutes
Allstate debuted a revamped commercial insurance quoting platform that it said will help small business owners buy a policy in about 5 minutes. Allstate's move comes with the emergence of InsureTech ...