Lemonade, the home and renters insurance company run by artificial intelligence and behavioral economics, announced a $34 million B round of funding. The latest round was led by General Catalyst with participation from GV (formerly Google Ventures), Thrive Capital and …
Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited. Liberty Mutual will acquire a 100 percent ownership interest in Ironshore. According to the announcement, the purchase price will equate to 1.45x Ironshore’s …
New research has found that while the Patient Protection and Affordable Care Act (ACA) has dramatically increased the number of people who are medically insured, it has not hurt access to medical care for workers’ compensation claimants, which was a …
The House of Representatives took a step toward changing the Dodd-Frank financial regulation law by passing a measure that requires that a systemic risk designation be based on more than a financial institution’s size. The House vote was heralded by …
In a recent online poll, almost half of respondents with auto injury claims hired attorneys to help settle those claims. But most who hired attorneys were not upset with how their claim was being handled, according to the insurance industry’s …
A group of 38 former National Football League players have sued to force the NFL to pay them workers’ compensation benefits for the chronic traumatic encephalopathy (CTE) they say they developed as a result of head injuries they suffered while …
The Allstate Corp. agreed to acquire SquareTrade, a consumer electronics and appliance protection plan provider that distributes through many of America’s major retailers. Allstate said it will acquire the privately-held company for approximately $1.4 billion from a group of shareholders, …
New industry research has found that while the Patient Protection and Affordable Care Act (ACA) has dramatically increased the number of people who are medically insured, it has not hurt access to medical care for workers’ compensation claimants, which had …
A man who claims that the online lodging site Airbnb violated his civil rights must take his complaint to arbitration with Airbnb and cannot sue the online service, a federal judge has ruled. In a Nov. 1 ruling, Judge Christopher …
The Property Casualty Insurers Association of America (PCI) elected new officers to its board of governors this week during the association’s annual meeting. John Barbagallo, commercial lines group president, Progressive Insurance Group, was elected PCI’s chair; Kurt Bock, CEO, Country …
