Root officially debuted in the U.S. market on October 25. The fledgling auto insurer, just 18 months old, relies on telematics and a customer’s smartphone to deliver what it says will be significantly cheaper rates for the best drivers based …
Catastrophe losses climbed 78 percent for Allstate in its 2016 third quarter, a trend that led to a double-digit drop in net income and higher losses for Esurance, its online auto and home insurance provider. The property/casualty insurance giant reported …
Root officially debuted in the U.S. market on October 25. The fledgling auto insurer, just 18 months old, relies on telematics and a customer’s smartphone to deliver what it says will be significantly cheaper rates for the best drivers based …
Liberty Mutual and USAA are among the backers behind of Snapsheet, a startup that is developing virtual auto claims technology and services that recently closed on $20 million in new financing. Snapsheet disclosed the Series C funding round on Oct. …
Bunker, a Hiscox and American Family-backed startup billing itself as the first contract-related insurance marketplace, has officially left startup mode and unveiled its first product. The target audience: independent contractors and small businesses. The San Francisco-based startup said it has …
American International Group Inc., Hamilton Insurance Group Ltd. and affiliates of Two Sigma Investments plan to launch Attune, a technology-enabled platform to serve the $80 billion U.S. small to medium-sized enterprise (SME) commercial insurance market. The launch is scheduled for …
Jay Fishman, executive chairman and former CEO of The Travelers Companies, has died. The company he transformed into a major industry player and led for years disclosed the news on Aug. 19. “We are greatly saddened by the loss of …
CNA plans to eliminate its Central zone branch network as a standalone zone and realign it into the property/casualty insurer’s other remaining U.S. market territories, according to Carrier Management. The Chicago-based insurer explained in a statement issued to Carrier Management …
Business Insurance – a well-known industry publication for 49 years, has been abruptly shut down by parent company Crain Communications. The final issue of Business Insurance came out on Aug. 1. The publication’s website, its businessinsurance.com, and the Business Insurance …
AIG rolled out a new standalone cyber policy that provides primary insurance protection for a wide range of related risks. The insurance giant is marketing CyberEdge Plus as offering primary protection for property damage, bodily injury, business interruption, product liability …
