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With the geographic expansion, the personal lines InsurTech will reach 94% of the US population, in 40 states. -
Tesla’s entry into the insurance market presents the firm with both opportunities and risks.
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This is UPC’s latest attempt to downsize after offloading part of its personal lines business to HCI.
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The companies have received approval from the Department of Justice under the Hart-Scott-Rodino Act and are awaiting other required regulatory approvals.
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Although P&C insurers had 9% premium growth, the underwriting loss in 2021 follows a $4.4bn underwriting gain in 2020.
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Through the partnership, the personal lines InsurTech will offer water damage, fire and break-in coverage.
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The medical care index increased 0.4% month over month (in line with April's increase) and 4% versus May 2021.
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Excessive litigation costs and continued losses threaten the Sunshine state’s market.
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Forecasters have again predicted an active season for storm activity, with the Florida market particularly vulnerable to high cat activity.
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The firm’s emphasis on charitable giving has enabled a differentiated narrative, but the $4mn given is dwarfed by $345mn of insider selling.
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Inside P&C’s news team takes you through the key developments from the week.
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The bills passed the House and Senate floors this week.
