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The Hoosier state represents Branch’s sixth state launch.
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CEO Zuraitis said the company’s nearly $9mn in recoveries allowed it to achieve "below market" pricing on its program. -
Reduced accident development led to a prior underestimate in the December frequency benefit.
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Underwriting income fell by 6% to $16mn, as lower earned premiums outweighed a modest improvement in margins.
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Early findings suggest car crime has once again rise after two prior years of decreases.
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Tesla told customers that the company would now handle collision repair work at its 140 service stations
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AM Best upgraded the insurer's P&C unit to A from A- last week.
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Capital markets are adjusting to a new reality in which online communities of retail traders can fuel dramatic swings in equity prices.
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Better underlying results and lower cats were partially offset by a $10mn reserve charge in preferred personal auto.
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The company will focus on flood coverage and begin writing in South Carolina.
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Former Uber executive Ryan Graves will invest $50mn in Metromile and join the company’s board.
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The executive previously worked at Citibank, Everest, GNY, and Crum & Forster.
