U.S.
Toyota Teams With Two Companies on Autonomous Minivans for Ride Hailing Networks
Toyota Motor Corp and longtime supplier partner Denso Corp will team up with self-driving car startup Aurora to develop and build autonomous minivans for ride hailing networks, the companies said on ...
Metromile Becomes a Public Company Feb. 10 After Reverse Merger Deal Closes
Digital pay-per-mile auto insurer Metromile will officially become a public company tomorrow as the deal to be merged with a special purpose acquisition company (SPAC) is expected to close today. ...
P/C Insurer Net Income Plunged 27% Through September 2020, Pushed by Catastrophes
U.S. property/casualty insurance net income dropped by more than a fourth in the first nine months of 2020 as the industry was hammered by COVID-19 and an historic catastrophe season, according to a ...
CNA Sees Big Q4 Gains as Market Hardens
CNA Financial Corp. benefited significantly from rate hikes and premium growth in Q4, reporting more than $387 million in net income versus $273 million the year before. Net income per share during ...
Willis Towers Watson Will Pay Four Execs $2.1M to Stay Until Aon Merger
Willis Towers Watson has approved retention agreements worth $2.1 million for four executives as an incentive for their continued employment until the closing of the broker's merger with Aon, ...
U.S. Private Equity Buyers Boost Increased Insurer Sales of Annuities, Other Assets
U.S. insurers are stepping up sales of annuities and other capital-intensive assets amid a surge in interest from new and established private equity buyers hungry to boost the amount of money they ...
InsurTech Coterie Raises $11.5 million
Coterie pulled in $11.5 million in new venture funding it will use to fuel further expansion of its business, which is designed to integrate insurance purchasing into existing small businesses ...
CVS, Walgreens Prepare for Fresh Round of ‘Bot’ Attacks on COVID Vaccine Program
U.S. retailers and pharmacies like Walgreens and CVS Health are preparing for a fresh round of "bot" attacks by scalpers hoping to snap up COVID-19 vaccine appointments as they did hoarding Sony ...