1. 1
    January 24, 2022
    Insurtech Root Lays Off 330 Employees as Loss Costs Increase
    Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, announced yesterday that it has laid off approximately 330...
  2. 2
    January 26, 2022
    Progressive Q4, Full Year Net Income Drop Over 40%
    Fourth quarter 2021 earnings at Progressive Corp. fell 43% compared with the same time period a year ago to $962.3 million. The results were...
  3. 3
    January 14, 2022
    Florida Lawsuit Charges United P&C With RICO Violations in Widespread Claims Denials
    In the ongoing war between restoration companies and insurers in Florida, contractors suing carriers in assignment-of-benefits claims is nothing...
  4. 4
    January 27, 2022
    BlackRock Agrees to $300M Loan for Root Insurance
    Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance has finalized a $300 million term...
  5. 5
    January 26, 2022
    World's First Crypto Mortgage? Homeowners' Insurers Don't Hate It
    If homeowners’ insurance carriers weren’t facing enough issues this year, here’s one more to think about: A Miami company is now...
  6. 6
    January 20, 2022
    Travelers Sets Some Records with Q4 Results
    Insurer Travelers reported a quarterly profit of $1.3 billion, an increase of $23 million and a record for the fourth quarter that was achieved...
  7. 7
    January 21, 2022
    Mother Sues Meta, Snap Over Social Media 'Addicted' Daughter's Suicide
    Meta Platforms Inc. and Snap Inc. are to blame for the suicide of an 11-year-old girl who was addicted to Instagram and Snapchat, the girl’s...
  8. 8
    January 25, 2022
    Loss Costs Outpace Increase in Premiums for U.S. P/C Industry Through Q3
    Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends in loss...
  9. 9
    January 24, 2022
    Florida Rate Hearing Highlights Southern Fidelity's Dire Position, Lack of Action on Senate Bill
    The head of one of the larger property insurance companies in Florida said Friday that without a doubling of some of its rates, it will be forced...
  10. 10
    January 21, 2022
    Allstate Buys Downtown Chicago Office Building After Selling Northbrook Campus
    The Allstate Corp. has acquired an office building in downtown Chicago months after agreeing to sell most of its campus in Northbrook,...