Are Ridesharing Drivers Safer Than Average American Drivers? May 26, 2016 By Andrew G. Simpson Ridesharing drivers are safer drivers than the average American behind the wheel, according to research by Boston-based Aite Group. The...
PBS/NPR Documentary Adds to Criticism of Private Insurers, FEMA Over Profits on Flood Insurance May 25, 2016 By Andrew G. Simpson Private insurance companies working for the government’s flood insurance program have made hundreds of millions of dollars at the same...
What to Know About Travelers’ CGL Cyber Ruling May 23, 2016 By Andrew G. Simpson Experts are cautioning insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense...
Startup Embroker Raises $12.2M; Offers Firms Control Over Insurance Buying, Management May 17, 2016 By Andrew G. Simpson Investors have given $12.2 million to fund an insurance broker offering a cloud-based risk and insurance management system for small...
Commercial Auto Insurance Remains a Loser on the Whole: Fitch May 3, 2016 By Andrew G. Simpson While the property/casualty industry has reported three consecutive years of significant underwriting profits, the commercial auto market as a whole...
Bain Capital, Vista Equity Buy Agency Technology Firm Vertafore from TPG May 2, 2016 By Andrew G. Simpson Bain Capital Private Equity and Vista Equity Partners have agreed to acquire insurance agency technology firm Vertafore from TPG Capital....
Employers Pay as 32% of Opioids Prescriptions Are Abused: Report May 2, 2016 By Andrew G. Simpson Nearly one out of every three (32 percent) opioid prescriptions, which are subsidized by America’s employers, is being abused, according...
The Hartford Profit Fell 30% in Q1 Due to Higher Auto Losses, Lower Investment Income April 29, 2016 By Andrew G. Simpson The Hartford reported disappointing personal lines result for the first quarter of the year, which along with decreased investment income...
Investors Back Trov, On-Demand Platform for ‘Insurable Moments’ and Items, with $39M April 26, 2016 By Andrew G. Simpson Investors have pledged $39 million for a technology platform that allows consumers to insure their valuable things and turn the...
AIG, Hamilton, Two Sigma to Launch Small-Medium Business Insurance Joint Venture April 26, 2016 By Andrew G. Simpson American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed...