Homeowners' insurance

The new entity has an initial financial strength rating of A- from AM Best with a stable outlook.

The product is now also available in South Carolina, North Carolina and Virginia.

Hurricane Delta triggered the carrier’s aggregate reinsurance programme.

The company has requested state-wide changes to its multi-peril homeowners account.

The New York-based InsurTech launched in Amsterdam earlier this year and made its European debut in Germany last year.

The move follows the company’s successful IPO earlier this month.

Lemonade published its S-1 on Monday, kicking off its IPO. We review three key discernable questions on what we assume is a business model hidden within hundreds of pages of Silicon Valley buzzwords.

Root grew gross written premiums by 85 percent in Q1 to $144mn, according to statutory filings.

The cat modelling firm said storm surge on top of delinquencies could result in additional losses and delay economic recovery.

Progressive wants to expand the number of agents on its platinum program, which currently make up less than 10% of total agents.

The carrier said the charge mainly stems from non-core business, including $5.5mn from commercial general liability.

On Thursday morning, Travelers reported EPS of $3.32 versus $2.13 YoY and a headline beat versus analyst consensus of $3.29, in part driven by low catastrophe losses (thanks to an aggregate reinsurance recovery).