News
‘Pivotal’ Q3 Sees InsurTech Root Achieves Net Income Profit for the First Time
For the first time in the company's history, Root Inc. recorded a quarterly net income profit. The Columbus, Ohio-based parent company of Root Insurance founded in 2015 recorded third quarter net ...
Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels
Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it. Due to rising trends in the frequency and ...
Study: Patient Safety Measures Declined as a Result of COVID-19 Pandemic
A new study has found that the COVID-19 pandemic significantly impacted patient safety indicators in U.S. hospitals, according to the University of Pennsylvania School of Nursing. The study, from ...
Jury Asked to Award More Than $6B in Preterm Baby Formula Case
A lawyer for a Missouri mother on Wednesday asked a jury to make Abbott and Reckitt's Mead Johnson pay a total of more than $6 billion in the latest trial over claims that the companies' formulas for ...
No More Tickets Now That Jaywalking is Legal in NYC
Jaywalking — that time-honored practice of crossing the street outside of the crosswalk or against the traffic light — is now legal in New York City. Legislation passed by the City Council last ...
Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best
AM Best's population of global reinsurance companies posted a return on equity (ROE) of 22 percent in 2023 – a five-year high that was driven mainly by favorable investment income and strong ...
Delos Insurance Solutions Raises $9M in Series A Funding Round
Property insurance MGA Delos Insurance Solutions, which uses wildfire science and satellite imagery to assist homeowners with wildfire insurance availability, has raised $9 million through a Series A ...
Tech Bytes: New Partnerships at bolt, Ascend
InsurTech bolt announced a collaboration with Salesforce to launch bolt for Salesforce on Salesforce AppExchange, an enterprise marketplace for partner apps and experts. The collaboration aims to ...