-
Unicorn-valued property software company Porch has closed its $100mn acquisition of Homeowners of America (HOA), a Texan personal lines insurer, from investors including IA Capital. -
Research has identified a link between a spate of earthquakes in the early 2010s and wastewater injection by oil and gas well operators.
-
On a forward basis, frequency estimates could look high with base figures in 2020 being significantly impacted by initial lockdown measures.
-
AAC wrote $359mn of net written premiums in the year to September 30, 2020
-
The InsurTech’s loss ratio drops 18.3 points to 57.4% amid a pandemic-related drop in driving.
-
The move follows the expansion of GM, Ford and Tesla into the insurance market.
-
The loss is steering more towards a personal lines event, with loss notifications leading to more optimism amongst reinsurers.
-
Kin is the latest insurer to expand its presence in Louisiana, following the return of Farmers to the state after a seven-year hiatus.
-
Nicole Perrault has stepped down from her role as head actuary of Hippo.
-
The executive action by the insurance commissioner follows a failed attempt to pass legislation that bans credit scoring in insurance pricing.
-
Independent agency distribution remains incredibly robust, despite the Covid-19 pandemic and the emergence of direct-to-consumer InsurTechs.
-
The stock of peer InsurTech Metromile had also risen by 5.7% at the end of trading.
Most Recent
