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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
Woodruff Sawyer said insureds still have leverage in competitive marketplace even as carriers eliminate communicable disease extension endorsements.
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InsurTech Slice Labs and workers’ comp MGA Appalachian Underwriters have expanded AERO’s contractors’ general liability insurance to two additional states – California and Colorado – the companies said.
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Neal Fuller has served as CFO for the workers’ comp specialist since 2015 and plans to retire in 2022
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The CEO said Pie is “actively pursuing” additional shell companies in commercial insurance to further facilitate its transition to full-stack insurer.
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The ratings agency attributed the reversal to the “muted” impact from the Covid-19 pandemic, favorable combined ratios and a redundant loss position.
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Kinetic Insurance offers a patented safety device with a tech-driven approach to reducing injuries.
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Labor shortages and post-pandemic anxiety contribute to rise in severity of claims in ProAssurance’s workers comp business, even as frequency falls.
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CEO G. Janelle Frost said rising wages and employment signaled inflationary pressures in workers compensation as the US economy rebounded.
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Foundation Capital, Revolution’s Rise of the Rest Seed Fund, Clocktower Technology Ventures, Sure Ventures, and several angel investors, also joined the seed funding round.
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David Zimmerman is named to lead the company's new workers' comp division following its acquisition of AmFed.
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The company was launched in 2016 to underwrite small to mid-sized businesses and has underwritten $120mn in premiums.
