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The unit will operate via VerTerra Insurance, the company’s E&S insurer. -
Westfield will receive $260mn in cash and ~2.75 million shares of First Financial stock worth about $65mn.
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Taylor joined the firm last year as head of product innovation.
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The decrease in premiums aligns with price cuts across the market.
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In The Car offers embedded auto insurance by integrating policies into dealership management systems.
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A quick roundup of today’s need-to-know news, including Citizens' reinsurance coverage details.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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Sources said NY-based Lee Equity is seeking to extend its investment in the TPA heavyweight.
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The platform will capture and standardise data from all submissions, the broker said.
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It didn’t have a major impact on insurers’ finances – instead, it served as a wake-up call.
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A quick roundup of today’s need-to-know news, including an RPS retirement, Erie Indemnity’s ratings and more.
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The ratings agency cited support from parent company MSI for the upgrade.
