Homeowners' insurance

Richard McCathron said that Metromile’s fate does not concern him because InsurTechs are not made equal.

California homeowners MGA Delos Insurance has raised $5.3mn in a seed funding round.

After Slide completed a $100mn fundraise, the CEO laid out the InsurTech’s plans to launch in five states at the start of 2022 in an interview with Inside P&C.

Slide will use the funding to accelerate its development of data-driven technology and operations.

The Florida-headquartered carrier blamed litigation rates and rising reinsurance costs for the move.

The InsurTech lowered its LR to 128%, helped by cutting the contribution of cats to the loss ratio from 75% to 50%.

Lemonade will acquire Metromile in an all-stock transaction that implies a fully diluted equity value of approximately $500mn.

The company, soon to merge with Omnichannel’s SPAC, posted a gross profit of $8.0mn.

Inside P&C's Research team looks at the prospects of Florida's wave of new arrivals.

The deductibles bill passed by the Senate and signed into law during the summer has raised concerns among underwriters and brokers.

“Certainly, I'm concerned about solvency, but I'm extremely confident that we will come out of this with as robust and competitive a property insurance market based on these small regional carriers,” Donelon told this publication.

The company, soon to merge with Omnichannel’s SPAC, posted a gross profit of $6.8mn.