Lemonade Records Another Q2 Loss, Changes Pace For Profitability August 9, 2022 By Chad Hemenway Insurtech Lemonade said it booked a second quarter net loss of $67.9 million compared with a net loss of $55.6...
Hilb Group Acquires Transportation Agency Lighthouse in Massachusetts August 9, 2022 The Hilb Group reports that it has acquired Massachusetts-based Lighthouse Insurance Agency, further building on the company’s presence throughout New...
Flash Flooding Closed Roads in Death Valley National Park August 9, 2022 Heavy rainfall triggered flash flooding that closed several roads in Death Valley National Park near the California-Nevada line. The National...
Florida’s Heritage, UPC Report Losses, Changes for Q2; No Word on UPC Sale August 9, 2022 Two major Florida P&C insurers have announced second-quarter financial results. The news is a mixed bag, and was not unexpected....
2 New Mexico Counties Were Added to Wildfire Disaster Declaration August 9, 2022 Two more New Mexico counties were added to a federal disaster declaration issued in response to the state’s historic wildfire...
Mitsui Sumitomo Insurance to Buy Reinsurance Broker Transverse for $400 Million August 9, 2022 Mitsui Sumitomo Insurance Company, a subsidiary of Japan’s MS&AD Insurance Group Holdings, will spend about $400 million to buy U.S....
Global Indemnity Agrees to Sell American Reliable Unit to Everett Cash Mutual August 9, 2022 Global Indemnity Group said it agreed to sell subsidiary American Reliable Insurance Company (ARIC) to Everett Cash Mutual Insurance Co....
Massachusetts Police Sued Over Wrongful Arrest Deny Racial Profiling Claim August 9, 2022 By Alanna Durkin Richer A Massachusetts police department whose officers are accused of wrongfully arresting a Black man while pursuing a white suspect said...
Pipeline Agrees to Pollution Remediation, Watersheds Restoration in Pennsylvania August 9, 2022 By Michael Rubinkam The developer of a major pipeline system that connects the Marcellus Shale gas field in western Pennsylvania to an export...
Munich Re’s Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio August 9, 2022 By Stephan Kahl Munich Re’s profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a...