Lemonade plans to start selling term life insurance in the next 90 days, adding to its current rental, homeowners and pet insurance offerings, the company said in an earnings report this week. During an investor conference call, Lemonade executives confirmed …
Alabama law enforcement officials on Tuesday cautioned people to beware of third-party websites when they renew their driver license online. The Alabama Law Enforcement Agency said in a news release that some third-party websites are charging people extra fees to …
World Insurance Associates LLC (WIA) has acquired The Walker Agency, Inc of Anderson (d/b/a Palmetto Insurance) of Anderson, S.C. on October 1, 2020. Terms of the transaction were not disclosed. Palmetto Insurance is a property & casualty focused agency, specializing …
The North Carolina Rate Bureau has requested an average statewide rate increase of 24.5% on homeowners insurance rates in the state, according to a statement from the North Carolina Department of Insurance. The NCRB is not part of the NCDOI …
UnipolSai, Italy’s second-largest insurer, confirmed its full-year targets on Friday after a 37.7% rise in nine-month earnings, despite an uncertain economic outlook caused by the resurgence of the COVID-19 pandemic. The company said its consolidated net profit for the first …
Goldman Sachs has poached Barclays’ insurance banker Marguerite Bion to win more business from Europe’s biggest insurers as industry consolidation heats up amid anemic profitability and tightening regulation. Bion, who started her career at Citigroup in 2001 and spent the …
The U.S. Federal Reserve for the first time called out climate change among risks enumerated in its biannual financial stability report, and warned about the potential for abrupt changes in asset values in response to a warming planet. “Acute hazards, …
The builders of an apartment complex have agreed to pay $335,000 to settle allegations that workers improperly handled asbestos-containing material during the redevelopment of a former manufacturing site in Lawrence, Massachusetts Attorney General Maura Healey said Tuesday. The agreements settle …
World Insurance Associates LLC (WIA) has acquired Fairways Insurance Inc. of Cinnaminson, N.J., on November 1, 2020. Terms of the transaction were not disclosed. Fairways is a full-service insurance agency serving clients throughout New Jersey, Pennsylvania and Delaware. WIA is …
Cross Insurance, a subsidiary of Cross Financial Corp. and an independent insurance provider in New England, has hired Timothy Moriarity as chief information officer (CIO). He will be based in Bangor, Maine. In this new role, Moriarity is responsible for …