A company that openly berates the current insurance industry as one that sucks believes that adding behavioral science to the mix will help fix it. The New York-based startup Lemonade, which is promising to be a revolutionary peer-to-peer insurer, announced …
Pennsylvania Insurance Commissioner Teresa Miller announced that the state’s Insurance Department reclaimed $185,055,050 for insurance consumers throughout the state during 2015. The commissioner said that throughout 2015, the state’s Insurance Department helped 12,307 consumers around Pennsylvania receive some form of …
The New Jersey Department of Banking and Insurance issued a bulletin stating that the opt-out sales process used for selling travel insurance by some web-based travel services companies would be considered unfair methods of competition. The department issued Bulletin No. …
Great American Insurance Group’s Executive Liability Division has opened regional offices in Atlanta and Denver. The Atlanta regional office is led by Tim Kalteux, who has been with Great American’s Executive Liability Division for 15 years including a role in …
The U.S. cyber security industry, once one of the hottest targets for venture capitalists, is now grappling with a funding slump that has forced some startups to sell themselves or cut spending. Amid widespread concerns about cyber attacks and data …
The London-based Managing General Agents’ Association (MGAA) announced the election of new board members Mark Birrell, chief executive of Castel Underwriting, and Charles Manchester, chief executive of Manchester Underwriting Management. They join directors Catherine Bell, chairman of inet3, Charles Earle, …
Oscar Health Insurance Corp. CEO Mario Schlosser has found the strategy he says will build his startup into a million-customer player in the health insurance industry: use tight, exclusive networks with hospitals to sell competitively priced insurance in perhaps 30 …
Delta Lloyd NV surged as much as 12 percent in Amsterdam trading after the Dutch insurer bowed to investor pressure and cut the size of a rights offer to 650 million euros ($715 million). “Following months of analysis, today’s announcement …
Berkley FinSecure, a W. R. Berkley Company, has partnered with Jackson Lewis P.C. to offer employment practices risk management assistance for their customers. Jackson Lewis, a nationwide employment practices law firm, will provide Berkley FinSecure’s customers with employment practices information …
Mars Inc. has recalled chocolate bars and other products in 55 countries, mainly in Europe, due to choking risk after a piece of plastic was found in a Snickers bar in Germany. All of the recalled products, which include Mars, …
