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March’s CPI report shows elevated inflation levels, including vehicle CPI of 10.5% and average used car price increase of 24.7%. -
The move is part of the process that allows the Louisiana Insurance Guaranty Association (LIGA) to take over claim payments, ensuring most policyholders with pending hurricane claims will get paid.
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This brought the Manheim used vehicle value index to 223.5, an increase of 24.8% from a year ago.
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InsurTech Sigo Seguros has raised $5.4mn in its seed funding round, co-led by Listen Ventures and Chingona Ventures.
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The Ohio-based company, which focuses on bundling personal lines, aims to reach all 50 states by the end of the year.
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Inside P&C’s news team runs you through the key developments from the week.
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The activist investor cited progress on governance issues in pulling back two proposed directors but pushed Safety Insurance for further strengthening.
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Following the acquisitions of Trov and Insureon, what InsurTech M&A deals are next?
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The move will leave nearly 8,000 affluent customers without coverage and unable to turn to state-backed insurer Citizens Property Insurance.
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Paid-to-incurred trends have remained flat compared to past cycle turns, and firms have reacted quickly.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
