U.S.
Duck Creek’s Nasdaq Debut Sees Shares Soar From IPO Start
Shares of Duck Creek Technologies Inc soared on their Nasdaq debut on Friday, after the software company serving the property and casualty insurance market raised $405 million in its upsized initial ...
For Personal Auto, an H1 Pandemic Slowdown Boosted Short-Term Profits
As bad as the coronavirus pandemic has been for many insurance lines, personal automobile profits have soared thanks to reduced driving, as quarantines and shelter-at-home restrictions took hold ...
Calif. Court Rules Amazon Can Be Liable for Injuries From Defective Products
Amazon.com can be held liable like other traditional retailers for injuries from defective products sold via its sprawling e-commerce marketplace, a California state appeals court ruled on Thursday. ...
Kin Raises $35M; Florida Home Insurance Carrier Pilot to Expand
Kin Insurance raised $35 million in new venture funding, attracting multiple investors including the investment arm of AAA Insurer CSAA Insurance Group. The Chicago-based home insurer focused on ...
AIG Promotes McElroy to Lead P/C Insurance Operations
American International Group promoted David McElroy to be the head of its property/casualty insurance operations. McElroy, Named CEO of AIG's General Insurance unit, also gains the title of Executive ...
Push to Consolidate COVID-19 Business Loss Suits Denied; Insurer-Based Grouping Eyed Instead
The legal panel on multidistrict litigation (MDL) has denied a proposal to consolidate cases brought by multiple businesses against various insurers for coronavirus-related business losses. At the ...
InsurTechs Focused on Commercial Auto and Climate Risk Secure New Funding
An InsurTech MGA focused on commercial auto insurance has raised $16 million in new Series A financing. A climate-risk related InsurTech raised $4.2 million in new seed financing. *** High Definition ...
Progressive Adds Pet Insurance Coverage as Voluntary Employer Benefit
Progressive now offers pet insurance, with an eye on selling it by way of an employer-offered voluntary benefit. The Ohio-based property/casualty insurer said the new product comes through a ...