Priceline.com and insurer W.R. Berkley Corp. have dropped their combined plan to create a new company to sell auto insurance online, naming current market conditions as the reason. The new company was in early development stages, but had hired no staff and had written no business. The companies said capital invested in the venture will be returned to investors.
Topics Auto
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
The $10 Trillion Fight: Modeling a US-China War Over Taiwan 
