News
Personal Lines Driving Premium Growth; Commercial Lags: Swiss Re Analysis
After 15 consecutive quarters of lagging premium growth in commercial lines, personal lines became the main driver again, according to a Swiss Re report released last week. According to the ...
‘Synthetic’ Agents? Lemonade Says Finance Deal Limits Cash Burn
Late last week, Lemonade announced a financial agreement to borrow 80 percent of the costs it incurs to acquire insurance customers from a venture firm. The InsurTech carrier revealed the deal in a ...
Talk With Fox’s Watters Leads to Big I CEO Rusbuldt’s Early Exit
Bob Rusbuldt—set to retire in about two months as chief executive of the Independent Insurance Agents and Brokers of America (The Big I)—was relinquished of his duties after an interview he ...
InsurTech Root Says It Has No ‘Actionable’ Acquisition Bid
Root Inc. said Thursday that it does not currently have an actionable bid for its acquisition. Thursday's statement was issued following reports Root had received a bid from Embedded Insurance. The ...
Nationwide E&S Exiting Commercial Auto Effective July 15
Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to ...
July 4 Holiday Sees Rise in Firework Injuries
Over the past 15 years, there has been a steady increase in the number of people injured during the Fourth of July holiday. Between 2006 and 2021, injuries involving fireworks climbed 25 percent in ...
Report: CEOs Weigh Risks of AI as They Look to Boost Productivity
Nearly half of CEOs surveyed in a new global study by the IBM Institute for Business Value ranked productivity as their top business priority—up from sixth place in 2022. Modernizing technology was ...
IIHS: Safety Concerns for Small Pickup Rear Seated Passengers
The latest crash tests by the Insurance Institute for Highway Safety reveals most small pickups fall short when it comes to rear seated passengers. "Our updated moderate overlap front crash test ...