Personal Lines

Steve Pincus joined the company during the acquisition of DeWitt Stern Group, a privately held insurance brokerage firm, in 2014.

The scale of the deal marks a new trajectory for the firm’s InsurTech team.

The move could pull more than 30,000 policyholders from the state’s last-resort coverage.

The start-up recently announced its move into the $300bn auto insurance market, adding to its life, health, renters, homeowners and pet health offerings.

Personal auto carriers lowered rates in response to 2020’s loss cost trends, but chasing market share now could be a mistake.

Consumer Price Index data points to short-term and long-term risks to the P&C industry.

The deal gives USAA a product already proving popular with Allstate customers and pioneered by Nasdaq-listed InsurTech Metromile.

Root has been mentioned seven times on Reddit message board WallStreetBets in the last two days, with many comments noting the significant short seller interest in the stock.

Discovery has spent a decade pioneering telematics in the South African auto market, devising a system based on incentivizing good driving using “gamification”.

The latest funding round brings the company’s total funding to date to $82.5mn.

Confie brings 3,500 employees, 150 national and regional carrier partnerships and one million customers to Alliant.

Retail broker NFP and high-net-worth reciprocal Vault have entered a partnership in which NFP will exclusively distribute Vault’s excess liability offering to wealth management advisers, employee benefit brokers, law firms and employer groups.