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The personal lines giant's best approach to growth may be sticking to its proven strengths. -
The executive pointed out to attendees that the cost differences between direct-to-consumer tech platforms and an agency force need to be weighed against different levels of service.
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The period when underwriters were over-reliant on submissions from clients is coming to an end.
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Homeowners in the state were slammed by Superstorm Sandy in 2012.
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The deal combines the two major mobile telematics companies, which will now cover 21 of the 25 top US auto insurers.
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The personal lines giant's results are showing a reversion to pre-pandemic trends.
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Steve Pincus joined the company during the acquisition of DeWitt Stern Group, a privately held insurance brokerage firm, in 2014.
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The scale of the deal marks a new trajectory for the firm’s InsurTech team.
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The move could pull more than 30,000 policyholders from the state’s last-resort coverage.
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The start-up recently announced its move into the $300bn auto insurance market, adding to its life, health, renters, homeowners and pet health offerings.
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Personal auto carriers lowered rates in response to 2020’s loss cost trends, but chasing market share now could be a mistake.
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Consumer Price Index data points to short-term and long-term risks to the P&C industry.
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