News
Lemonade Expects to Be in the Black Within Three Years
While Lemonade is still burning cash and reported a net loss on the bottom line of its third-quarter income statement, the InsurTech expects both situations to reverse by year-end 2026. The cash ...
Allstate Shows ‘Progress,’ Narrows Q3 Net Income Loss to $41M
Allstate Corp. said its net loss for the third quarter was $41 million compared to a loss of $685 million during the same time a year ago.
AIG General Insurance Income Up 82.7% in Q3 on North America Gains
American International Group (AIG) during the third quarter recorded a 264 percent increase in underwriting income within its General Insurance segment to $611 million as ...
Extreme Weather Reduces Pumpkin Crop This Year, Impacting Holidays
Alan Mazzotti can see the Rocky Mountains about 30 miles west of his pumpkin patch in northeast Colorado on a clear day. He could tell the snow was abundant last winter, and verified it up close when ...
Comprehensive Wildfire Approach, Uniform Enforcement Lacking in Most Western States
Few Western states and counties with the highest wildfire risk are using sound regulatory approaches backed by consistent enforcement, according to a new report released jointly by the Insurance ...
Uber, Lyft to Pay $328M to Settle New York Wage Theft Claims
Uber and Lyft will pay a combined $328 million to settle claims by New York's attorney general that the ridesharing companies systematically cheated drivers out of pay and benefits. Attorney General ...
State Farm: Catalytic Converter Thefts Drop
Auto claims data revealed a substantial drop in catalytic converter theft claims for the first half of this year compared to last year, according to analysis by State Farm. The most recent data for ...
Global Insurance Prices Continue to Stabilize in Q3 as U.S. Cyber Premiums Drop: Marsh
Global commercial insurance prices increased 3 percent in the third quarter of 2023, the same as the prior quarter, according to the Global Insurance Market Index ...
RenRe Completes $3.3 Billion Acquisition of Validus Re From AIG
RenaissanceRe Holdings Ltd. announced it has concluded its acquisition of Validus Re, the treaty reinsurance business of American International Group.