Lemonade Revving Up to Enter Car Insurance Market April 20, 2021 Lemonade, the insurance company that uses artificial intelligence and behavioral economics, plans to add car insurance to its current renters,...
Insurers Report Estimated Q1 Catastrophe Losses April 20, 2021 Carriers are starting to report their pretax catastrophe loss estimates for the 2021 first quarter, and the numbers are significant....
How Meatpacking Plants’ COVID-19 Cases Hurt Counties April 20, 2021 An estimated 334,000 COVID-19 cases are attributable to meatpacking plants, resulting in $11.2 billion in economic damage, according to a...
With Claims Rising, Cyber Insurers Need More Than Sizable Rate Increases: Fitch April 20, 2021 Cyber insurance underwriters are reporting substantially higher claims losses in 2020 than in prior years and as a result face...
Digital E&S Broker Pathpoint Releases Lessor’s Risk Commercial Package April 20, 2021 Pathpoint, a digital excess and surplus lines insurance distributor, has launched its Lessor’s Risk Only (LRO) Commercial Package for agents...
Transportation Insurer Lancer to Merge Into Core Specialty April 19, 2021 Commercial auto insurer Lancer Insurance Co. has agreed to merge with another specialty insurer, Core Specialty, where it will operate...
FDA Halts Vaccine Manufacturing at Plant Where Doses Were Wasted April 19, 2021 By Manas Mishra and Ankur Banerjee The U.S. Food and Drug Administration has asked Emergent BioSolutions Inc. to halt producing new materials for COVID-19 vaccines until...
P/C Insurers Need to Hike Key Commercial Rates Even More: A.M. Best April 19, 2021 The environment for many of the U.S. property/casualty (P/C) insurers lines remains competitive despite the need for rate increases for...
Telehealth Care Could Lead to More Follow-Up Visits April 19, 2021 Even before the pandemic, people with minor urgent health needs had started to turn to companies that offer on-demand video...