News
Digital Insurance Agency EverQuote Launches IPO
Cambridge, Mass.-based online insurance agency EverQuote Inc. has commenced an initial public offering it hopes will produce $43.2 million in net proceeds for the company. EverQuote is offering ...
Insurer AIG Must Defend Bill Cosby Defamation Suits, Court Says
A federal appeals court says that insurer American International Group must pick up Bill Cosby's tab to fight defamation lawsuits brought by women who accused him of sexual misconduct. But the ruling ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
WCIRB: Calif. Workers Comp Written Premium to Be Down Again This Year
Lower workers compensation rates in California will bring down written premium once again this year, according to a forecast from the Workers Compensation Insurance Rating Bureau. That revelation is ...
Could Bitcoin Break the Internet?
The Bank for International Settlements (BIS) just told the cryptocurrency world it's not ready for prime time—and as far as mainstream financial services go, may never be. In a withering 24-page ...
Custody Protection, Regulation, Insurance Seen Paving Way for Shift to Cryptocurrencies
Hedge fund manager Kyle Samani embraces his job making multimillion-dollar bets on the wild market for cryptocurrencies, but he's long contended with a headache: ensuring his holdings aren't stolen. ...
Lessons From the 2017 Atlantic Hurricane Season: Open Models, Real-Time Tracking Are Valuable Tools
Open models and tools to track hurricanes in real time can help boost modeling accuracy and aid the claims process after storms, according to a new Karen Clark & Co. analysis of the 2017 Atlantic ...
Carriers’ Slow Adoption of Digital Tech Hampers Agents’ Push to Do the Same
Insurance carriers' slow pace in adopting digital technology is hampering agents' push to do the same, according to a new industry survey from the Insurance Digital Revolution Initiative. The IDR ...
MAPFRE To Exit NY, NJ Markets; Strikes Deals With Plymouth Rock
MAPFRE Insurance has entered into definitive agreements with affiliates of The Plymouth Rock Company to exit the states of New York and New Jersey as part of MAPFRE's previously announced strategy to ...