U.S.
InsurTech Startup Lemonade Expands to New Jersey, Its Fourth State
Lemonade is now doing business in New Jersey. The New York-based peer-to-peer insurance startup disclosed its latest state rollout on Aug. 2. It is doing business in three other states – New York, ...
Anbang Insurance Could Encounter Problems Selling Down Assets
As Anbang Insurance Group Co. comes under pressure to reverse a $10 billion-plus global deal spree, a quick selldown of assets may not be so easy. China is said to have asked the acquisitive insurer ...
M&A, Despite Market Risks, Will Continue at Slower Pace: S&P Prediction
Property/casualty insurers and reinsurers continue in 2017 to seek scale in a tough market through mergers and acquisitions. The pace has slowed considerably, however, and Standard & Poor's sees ...
Executives On The Move at BHSI and JLT Specialty USA
An insurance industry veteran of Chubb and Mitsui Sumitomo, among other companies, is joining Berkshire Hathaway Specialty Insurance Company to help launch its new Dublin office. JLT Specialty USA ...
Securing the ‘Internet of Things’ Basis of Bipartisan Senate Bill
A bipartisan group of U.S. senators on Tuesday plans to introduce legislation seeking to address vulnerabilities in computing devices embedded in everyday objects - known in the tech industry as the ...
Wells Fargo Customers Sue Bank, Alleging Insurance Scheme Was a Scam
Wells Fargo & Co. customers accused the bank in a lawsuit of forcing them to pay for unnecessary auto insurance that drove some of them so far into a financial spiral that their vehicles were ...
CNA Scores With Successful Second Quarter
CNA Financial Corp. saw its second quarter net income climb at a robust clip, and catastrophe losses along with its combined ratio shrink down to a healthier level. Chairman and CEO Dino Robusto said ...
Commercial Drone Startup Atlas Dynamics Raises $8M; Market Focus Includes Insurance Industry
A commercial drone startup based in Latvia with an eye, in part, on the insurance industry has raised $8 million in funding. Atlas Dynamics declined to disclose its specific investors, other than ...