News
Esurance Sweepstakes Offers $10,000 for Those Looking to Leave the Country Following Election
Esurance is offering an Election Insurance Sweepstakes that will award one winner $10,000 toward a chance to explore a new homeland following this fall's election. The insurer created the sweepstakes ...
Lloyd’s, UK Bankers Warn of 2017 Brexit/British Exodus Risks
Top bankers warned on Tuesday they could start moving staff abroad as early as next year if there is no clarity on whether Britain will retain access to the European single market when it leaves the ...
Theranos Suit Alleges Dx Company Duped Investors About Tests, Performance
Theranos Inc. and founder Elizabeth Holmes were accused in a lawsuit of duping investors about the embattled medical-testing firm's performance and technology to raise about $100 million in funding. ...
Aon Expands Cyber Risk Advisory Abilities With Planned Stroz Friedberg Acquisition
Aon plc plans to snatch up a global cyber risk management advisory firm, a move that will allow the broker to beef up its services in a fast-growing sector of the business. An Aon subsidiary is ...
Hurricane Matthew Aftermath Leaves Hundreds Stranded in North Carolina Floods
Hundreds of people were rescued by boat and helicopter as floodwaters inundated North Carolina towns on Monday in the wake of Hurricane Matthew, and officials warned that life-threatening flooding ...
Fitch Ratings Sees More Reinsurance M&A Ahead; S&P Questions the Benefits
Two acquisition deals in recent days may point to a resurgence in reinsurance M&A in the coming months, Fitch Ratings said. But Standard & Poor's said the benefits of more deals may be a ...
GEICO 10 States Closer to Marketing Ridesharing Insurance Nationally
GEICO said it is now selling its ridesharing coverage in 10 more states, beyond the 24 states and the District of Columbia where it has already been on sale. The new states added to the sales map: ...
Unusual Move: Lemonade Reveals Data From Initial 2 Days of Operation
Lemonade, the peer-to-peer InsurTech startup that launched only a few weeks ago on Sept. 21 selling renters and homeowners insurance in New York, sold 142 policies and generated $14,300 in gross ...