Catastrophe losses prevented American International Group from having a third quarter in a row of property/casualty underwriting profit this year, following many years of losses. AIG said that its General Insurance unit (property/casualty) generated $249 million in underwriting losses for …
Massachusetts-based online personal insurance marketplace EverQuote has launched a commercial lines marketplace in a new partnership with the technology platform provider Bold Penguin. EverQuote said it will use Bold Penguin’s terminal and exchange infrastructure to accelerate its path to market …
Facebook Inc. was sued on Thursday in a proposed class action accusing it of discriminating against older and female users by withholding advertising for financial services such as bank accounts, insurance, investments and loans. According to the complaint filed in …
Benefitfocus, a cloud-based benefits platform, has added Toggle, a Farmers company, is to its BenefitsPlace offering. BenefitsPlace allows employers, brokers and medical insurance carriers to offer specialty benefits products from more than 45 brands. The product catalog also gives consumer …
Ironshore has announced that Thomas F. Leahy, Jr. has been named president of IronPro, its professional and management liability division. He will be responsible for overseeing all aspects of marketing, underwriting and distribution of IronPro professional and management liability lines …
Portland State University chemistry professor David Peyton had never been attacked with such intensity. Peyton and a group of other chemists discovered almost five years ago that e-cigarettes could sometimes produce more cancer-causing formaldehyde than regular cigarettes. Formaldehyde is produced …
Global specialty insurer Hiscox has appointed Doug Karpp as head of Executive Risks and Cyber in the U.S, which includes Crime and Fidelity, Financial Services and Management Liability insurance products. Karpp, who previously served as senior vice president and the …
Some insurers may be facing sizable risks stemming from the latest round of California wildfires now raging, but Chubb Chairman and CEO Evan Greenberg insists his company isn’t one of them. “We do have a quota share [reinsurance] agreement we …
Vista Equity Partners and Bain Capital are in the early stages of weighing a sale of insurance software maker Vertafore Inc., according to people familiar with the matter. The Denver-based company could be worth up to $5 billion in a …
Selling insurance to cannabis dispensaries may the business in which to be in the very near future. A new report claims that cannabis retailing could become one of the “most profitable specialty store categories ever.” The report, From Dispensaries to …
