U.S.
Hippo Pulls in $100M Financing Round; Broader U.S. Expansion Planned
Hippo Insurance said it has secured a $100 million financing round that will help propel a broader U.S. expansion of its super-quick online homeowners insurance. Global technology investment firm ...
Equifax Customers Will Struggle to Get Claims Properly Addressed
Consumers affected by the massive Equifax Inc data breach in 2017 will not reap any windfalls from the credit reporting company's $700 million U.S. settlement announced on Monday, but may face a ...
Travelers CEO Schnitzer: ‘Lots of Levers’ Can Be Pulled to Keep Improving Margins
The Travelers Companies CEO Alan Schnitzer reassured analysts that the insurer "has lots of levers" it can pull to keep improving margins and profitability, even though its combined ratio ticked ...
Price Increases Boost Chubb’s Premiums but Net Income Dips Slightly
Chubb's saw its net income dip slightly and its P/C combined ratio nudge higher during the 2019 second quarter, but price increases led to solid premium gains. "This quarter was about growth and ...
Lyft Releases Self-Driving Tech Data in Bid to Speed Its Development
Lyft Inc. is making research data on self-driving technology available to the public in a bid to accelerate the development of robotic cars, which is seen as critical to the ride-hailing giant's ...
New UK PM Johnson Has 100 Days to Deliver Brexit
Incoming Prime Minister Boris Johnson has 100 days to deliver on his promise of leading the U.K. out of the European Union. The Brexit deal his predecessor struck with the bloc is "dead," "defunct" ...
Travelers Boosted Q2 Net Income, Thanks to Lower Cat Losses and Investment Income Spike
The Travelers Companies managed to boost its net income to $557 million for the second quarter, six percent more than the $524 million in the prior year quarter. Lower catastrophe losses and higher ...
Startups Focused on Smart Home, Contract-Management AI Tech Secure Financing
Two startups have raised early stage financing designed to advance technology from which insurers can benefit. One company is developing smart home technology to help reduce claims risks. Another is ...