-
The start-up creates a reward-points mechanism for insurance purchasing to structure renewal discounts for loyal customers. -
InsurTech won’t knock incumbents off their pedestal just yet, said the Allstate CEO.
-
Cohen’s son Daniel Cohen founded and sponsored Insu II, the Spac that took Metromile public.
-
Metromile will take the Nasdaq ticker MILE when it begins trading on Wednesday morning.
-
The second week’s reporters continued to build upon the theme of rate momentum likely translating into ROE expansion.
-
Kornick was formerly the chief analytics officer at UK insurer Aviva.
-
The InsurTech could be merged into Reinvent Technology Partners, as Metromile prepares to go public in a similar transaction, Bloomberg reports.
-
The legislation would create a presumption of bad faith for any auto claims under $3,500 denied by insurers.
-
Carriers too cautious on pricing could see retention trade-offs.
-
Rate reductions were driven by a reduction in auto accident frequency and expense savings from cost-cutting measures.
-
The price comparison website says average policy rates in the US fell by 4% between 2020 and 2021.
-
The carrier dropped its combined ratio by almost five points, despite a rise in cat losses and its first premium drop in 2020.
