News
Hippo Intends Reverse Stock Split After NYSE Non-Compliance Notice
Hippo Holdings Inc. announced that it intends to file a proxy statement with the Securities and Exchange Commission that includes a proposal for a reverse stock split. This move comes in connection ...
Calif. Court Breaks String of COVID Biz Interruption Case Wins For Insurers
A California appellate court broke from its sister jurisdictions—as well as state and federal courts across the nation—and ruled that a hotel owner's lawsuit seeking coverage for a COVID-19 ...
SEC Approves Demotech as Nationally Recognized Statistical Rating Organization
Insurance rating agency Demotech Inc. has become the 10th organization to named a Nationally Recognized Statistical Ratings Organization (NRSRO) by the U.S. Securities and Exchange Commission. With ...
Uber Waiving Fees for Disabled Riders in ADA Suit Settlement
Uber Technologies Inc. will pay more than $2 million and waive wait time fees for disabled passengers to settle U.S. allegations that the ride share company had violated the Americans with ...
Are MGAs Winning the Insurance Talent War?
With more than 1,000 managing general agents writing roughly $70 billion in direct premiums last year, researchers at Conning believe one growth driver is the fact that the MGA model attracts talent. ...
Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm
With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners in unprofitable territory last year, prompting carriers to respond with pricing ...
What AI Does Well, and Not So Well, With Language
The tech industry's latest artificial intelligence constructs can be pretty convincing if you ask them what it feels like to be a sentient computer, or maybe just a dinosaur or squirrel. But they're ...
NEXT, Thimble Latest InsurTechs to Announce Layoffs This Year
NEXT Insurance and Thimble are the latest InsurTechs to lay off part of their workforce this year, with NEXT citing challenging economic conditions and both InsurTechs pointing to an increased focus ...