News
P2P Startup Lemonade Seeks 46-State Expansion
Lemonade is eyeing a national expansion after filing for a license to operate in 46 states and the District of Columbia. The peer-to-peer insurance startup focused on renters and homeowners insurance ...
Healthy Growth in U.S. Personal Auto Premiums Faces Future Risk: A.M. Best
The U.S. personal auto insurance industry saw net premiums written grow 5.1 percent in 2015 — a rate of growth that may not be repeated as rising loss ratios weaken both underwriting and operating ...
Donegal Mutual and Mountain States Announce Strategic Affiliation
Donegal Mutual Insurance Co. and Mountain States Mutual Casualty Co. have announced plans for a strategic affiliation. Subject to regulator and policyholder approval, Mountain States will merge into ...
2017 Predictions Part III: Motor-Cyber, India Reinsurance and More
Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market ...
American Airlines Wins $15M in Antitrust Case Against Sabre
American Airlines Group Inc on Tuesday won about $15.3 million in an antitrust lawsuit that accused airline booking service Sabre Corp of harming competition and charging grossly inflated booking ...
VW Reaches $1B Agreement to Settle Emissions-Cheating Scandal Lawsuits
Volkswagen AG took an important step in digging out from its emissions-cheating scandal by reaching a $1 billion agreement to settle lawsuits over tainted 3.0-liter diesel engines. The preliminary ...
U.S. Investigation Blames Facebook’s Big Drone Crash on Autopilot
The wing on Facebook Inc.'s experimental high-altitude drone broke last summer in Arizona after the massive aircraft hit an updraft and its autopilot overcompensated seconds before touchdown on its ...
Credit Suisse Reportedly Resisting $5B-$7B Penalty Over Toxic Mortgage Debt
The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial ...