Home Insurance Agency Hippo to Go Public in $5B SPAC March 4, 2021 By Sohini Podder Hippo Enterprises said it will go public through a merger with a blank-check firm, backed by Silicon Valley heavyweights Reid...
Internet Firms’ Liability Protection Under Fire. 26 Words and What’s at Stake March 4, 2021 By Rebecca Kern Democrats and Republicans in Congress are taking aim at a controversial law that shields internet platforms including Facebook Inc. and...
Climate Change Activists ‘Welcome’ AIG CEO Zaffino; EU Urges More Insurance March 4, 2021 By Don Jergler Climate change is weakening the ocean currents that shape weather on both sides of the Atlantic. The Atlantic Meridional Overturning...
Startup Auto Insurer Root Reports $363M Loss in 2020; Will Spend to Grow in 2021 March 4, 2021 Root Inc.’s second earnings report as a public company reveals that the digital auto insurance startup continues to lose substantial...
Update – Aon’s $30B Bid for Willis Towers Watson Faces EU Antitrust Warning: Reuters March 3, 2021 By Foo Yun Chee BRUSSELS – Aon will face a list of objections by the EU’s antitrust watchdog which it must overcome with concessions...
Boy Scouts Reorganization Plan Calls for $300M Fund for Sex Abuse Victims March 3, 2021 By Randall Chase The Boy Scouts of America submitted a bankruptcy reorganization plan this week that envisions continued operations of its local troops...
Next Insurance to Acquire Affinity Agency AP Intego March 3, 2021 By Andrew G. Simpson Digital commercial insurance company Next Insurance has agreed to acquire AP Intego, a Massachusetts-based digital insurance agency providing small commercial...
Banks Seeking New Protections in Wake of Citigroup’s $900M Mistake March 3, 2021 By Katherine Doherty and Lisa Lee Wall Street banks are seeking new legal protections to help avoid a repeat of Citigroup Inc.’s accidental $900 million payment...
Alphabet-Backed Startup Insurer Oscar Health Raises $1.2 Billion in IPO March 3, 2021 By Chibuike Oguh Oscar Health Inc., a health insurance startup backed by Google parent Alphabet Inc., sold shares in its initial public offering...
Hiscox Cites Loss on COVID, BI Dispute ‘Brand Damage’; Will Alter Liability, Cyber Books March 3, 2021 By Muvija M British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19...