Stocks
-
InsurTechs continue to get battered as markets enter correction territory, but broader industry holds up amid wide declines. -
The share price of the auto InsurTech plunged after the company said it was cutting its headcount by 330 staffers, or about 20% of its workforce.
-
HCI’s suspension of TypTap's spin off amid a punishing market for InsurTechs pressured the company's stock.
-
InsurTechs, including Lemonade, Root, Hippo, and Metromile, shed some short interest but remain the target of choice for short-sellers.
-
The legacy carrier said it expected cross-trading on the OTCQX to widen its investor base and support liquidity on the LSE AIM.
-
Lemonade, Root, and Metromile remain the focus of short sellers, as most firms see little short interest change.
-
Lemonade and Root remain the focal points of short sellers, while Metromile’s stock loan fee rate increases (pending acquisition).
-
The classic car insurer goes public but might have to pay a price for growth later.
-
The higher level of repurchases seen in Q3 will likely last longer than expected.
-
In November, the Inside P&C Select was -6.8%, underperforming the S&P 500 which delivered -0.8%.
-
Short interest fell in InsurTechs, but not enough to ease the pressure on the sector.
-
Insurance carriers tend to favor a negative outlook during their earnings calls, even when its unwarranted.
