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The FDIC said that as of December 31, 2022, the bank had approximately $209bn in total assets and about $175.4bn in total deposits. -
Sentiment scores across US P&C segments dropped sequentially in Q4, though InsurTechs bucked the trend.
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The InsurTech filed its 2022 annual report with the SEC one day after it said it needed additional time to address the accounting in its Metromile takeover.
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Inside P&C’s news team runs you through the key highlights of the week.
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The company expects to turn adjusted Ebidta positive by the end of 2024 with cash of at least $400mn.
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The New York-based InsurTech expects to complete the necessary work to file its annual report within the extension period provided by SEC rules.
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Tesla understands the data-driven nature of insurance and is looking to grow its auto insurance exposure, but the focus is on cars first
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Binkley previously served as deputy CFO, chief accounting officer and principal accounting officer.
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Lemonade and Root both reported strong Q4 results, but will need to execute plans to near-perfection to turn things around.
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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 closing exceeded Altai’s initial target of $50mn, against the backdrop of a slowdown in investments in the InsurTech space.
