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CPI surged to 4.2% in April, levels not seen since before the Global Financial Crisis. -
Activist investor Carl Icahn now owns $400mn of Allstate shares.
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Management should examine the relationship between company strategy, broader market cycles and short interest.
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Mile Auto, an InsurTech offering a pay-per-mile model, said on Monday it secured $10.3mn in Series A funding led by Ulu Ventures.
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In a deal that would value the start-up at more than $1bn, Kin could become the latest InsurTech to pass the unicorn threshold.
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The accounting change will delay the release of Metromile’s Q1 results, with the company’s finance team instead focusing on rewriting its 2020 results.
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Both InsurTech carriers have opted to go public through a merger with a blank check company this year.
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Dye spent more than two decades at Capital One across operational and marketing roles.
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InsurTech Arbol has set up a new program with RealTimeRental, a holiday home management software provider, to sell parametric weather insurance against the risk of a rainy day.
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Winter storm losses pushed the carrier’s loss ratio for Q1 to 120%.
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In its earnings statement, the carrier described the Texas freeze as an “extreme stress test” for its operations and financial model.
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SageSure will place the cover on behalf of SureChoice Underwriters Reciprocal Exchange.
