Lemonade

Companies that had easily lured investors with major premium growth are now scrambling to prove their fundamentals work, and are sitting out fundraising to avoid a down round.

The personal auto writer’s partnership with the digital dealership should serve as a warning for other InsurTechs.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The deal could see payouts to over 110,500 customers nationwide, with 75% of the settlement earmarked to 5,011 in Illinois.

Inside P&C’s News team runs you through the key highlights of the week

Co-CEO Wininger said Q1 loss ratios were “significantly impacted” by inflation, as while claims are quickly adjusted for inflation, rates can take months to adjust.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The InsurTech increased premiums per customer by 21.8% from a year ago, and its customer count was up by 37.2% year-on-year to 1.5 million.

Following the acquisitions of Trov and Insureon, what InsurTech M&A deals are next?

Inside P&C’s news team runs you through the key developments from the past week.

The InsurTech’s net loss doubled to $70.3mn during the fourth quarter of 2021 from a $33.9mn loss in Q4 2020 as its loss ratio jumped 22 points to 98%.

Inside P&C’s morning summary of the key stories to get you up to speed fast.