Lemonade Books Q3 Net Loss of $37.5 Million
Article 0 Comments Insurtech Lemonade reported a third quarter 2025 net loss of about $37.5 million compared with a loss of $67.7 million a year ago during the same time. Revenue and gross profit...
Tagged: National News
NAIC Announces Johnston Interim CEO as Anderson Departs
Article 0 Comments The National Association of Insurance Commissioners (NAIC) said late last week that its chief executive officer, Gary Anderson, stepped down to “pursue other endeavors.” Anderson left the NAIC on Oct. 29....
PHLY Makes Largest Acquisition in Its History With Collector Car Business Expansion
Article 0 Comments Philadelphia Insurance Companies announced the acquisition of the Collector Vehicle Division from Ignyte Insurance, a Carlyle backed portfolio company. The transaction, valued at $615 million, is the largest acquisition in the...
Verisk Cuts 2025 Revenue Forecast Below Wall Street Estimates
Article 0 Comments Data analytics firm Verisk Analytics cut its annual revenue forecast below Wall Street estimates on Wednesday, sending shares down 8.7% in premarket trading. A slowdown in severe weather events weighed on...
Federal Judge Decertifies Apple App Store Class Action
Article 0 Comments A federal judge decertified on Monday a class action by tens of millions of Apple customers who accused the company of monopolizing the market for iPhone apps by banning purchases outside...
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations
Article 0 Comments U.S. carrier Alaska Airlines said it had restored operations after a technology outage that grounded flights across the country and forced it to cancel more than 400 flights, disrupting travel for...
Bishop Street Underwriters Launches MGA Incubator
Article 0 Comments Bishop Street Underwriters announced the rollout of Bishop Street Program Managers (BSPM), an incubator for developing managing general agents (MGA). Embedded within Bishop Street’s ecosystem and backed by its $600 million...
NHTSA Investigates Waymo Robotaxis Over Safety Around School Buses
Article 0 Comments The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it has opened a preliminary probe into about 2,000 Waymo self-driving vehicles after reports that the company’s robotaxis may have...
An Unsustainable Trend – Declining P/C Rates and Rising Cost of Risk: Marsh’s Doyle
Article 0 Comments Property/casualty prices are declining, while the cost of risk continues to rise – a trend that is unsustainable over time, according to John Doyle, president and chief executive officer of Marsh...
Responsible AI Deployment Linked to Better Business Outcomes: EY
Article 0 Comments As broader adoption of AI technologies continues to accelerate, companies that implement more advanced Responsible AI (RAI) measures are pulling ahead while others stall. According to the second Responsible AI (RAI)...