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Motor vehicle insurance price increases moderated to 16.9% from 17.1% in May, while the all-items CPI slowed to 3.0% from 4.0%. -
The utility previously bought a $1bn policy from the (re)insurance market.
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A recent report from Howden shows ransomware activity is up 48% year-on-year.
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The decision applies only to policies issued through the company’s exclusive agency distribution channel.
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Romeo will be responsible for building out the US cargo program and charting a course for growth ahead of its launch later this year.
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The capital injection comes over a year after Sigo Seguros raised $5.4mn in its seed funding round, co-led by Listen Ventures and Chingona Ventures.
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Stephens hired Green from brokerage McGriff, Seibels & Williams, where he focused on cyber, energy and marine.
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The drop was among the largest declines in the index’s history and the largest since the onset of the pandemic in April 2020.
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The news comes just over a month after two other large carriers, State Farm and Allstate, announced that they’d no longer accept new business in the state.
