Top 12 Insurance Trends and News Stories of 2016: Countdown December 27, 2016 By Andrew G. Simpson In the year 2016, as in past years, there were the familiar or continuing stories including reinsurers still wishing and...
Startup Insurer Lemonade Is Going National; Files for Licenses Countrywide December 22, 2016 By Andrew G. Simpson Insurance startup Lemonade is eyeing a national expansion and has filed for licenses to operate in 46 states and the...
Guidewire to Acquire Insurance Cloud Software Firm ISCS for $160 Million December 19, 2016 By Andrew G. Simpson Guidewire Software, which serves property/casualty insurers, has agreed to acquire another insurance software firm, San Jose, California-based ISCS, for $160...
Allstate Continues Its Technology Drive, Invests in Autonomous Vehicle Research at Stanford December 15, 2016 By Andrew G. Simpson Allstate Insurance Co., the nation’s largest publicly-held personal lines insurer, is continuing its drive into new technology, agreeing to a...
Urine Test for Fatigue Could Help Prevent Accidents December 8, 2016 By Andrew G. Simpson Doctors, pilots, air traffic controllers and bus drivers have at least one thing in common — if they’re exhausted at...
Insurtech Lemonade Wins $34 Million in New Funding As It Readies for West Coast Expansion December 5, 2016 By Andrew G. Simpson Lemonade, the home and renters insurance company run by artificial intelligence and behavioral economics, announced a $34 million B round...
Liberty Mutual to Acquire Ironshore from China’s Fosun for $3 Billion December 5, 2016 By Andrew G. Simpson Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited. Liberty Mutual will...
ACA Does Not Hurt Medical Care Access for Workers’ Comp Claimants: Study December 5, 2016 By Andrew G. Simpson New research has found that while the Patient Protection and Affordable Care Act (ACA) has dramatically increased the number of...
Insurers Praise House Approval of Systemic Risk Reform Bill December 2, 2016 By Andrew G. Simpson The House of Representatives took a step toward changing the Dodd-Frank financial regulation law by passing a measure that requires...
Why Auto Insurance Claimants Hire Attorneys December 1, 2016 By Andrew G. Simpson In a recent online poll, almost half of respondents with auto injury claims hired attorneys to help settle those claims....