Personal auto

The California Supreme Court refused the insurer’s final appeal against the penalty for illegal auto insurance fees.

New inflation data showed pricing continued to weaken in July as companies pivot to growth. With flat severity, margin pressures are building. Frequency remains the wildcard.

The carrier's core earnings rose by 17.7 percent year over year to $1.33 per share in Q2 2019.

The InsurTech founded by MIT scientists raised $500mn from heavy-hitter Softbank in December.

The acquisition expands Risk Strategies’ wholesale trucking operations.  

Terms of the deal were not disclosed.

The operations are making moves to help protect the business as an ongoing concern.

Classic car specialist Hagerty builds out its portfolio with the addition of the circa $16mn Kemper book.

Third Point Re and White Mountains have also given financial support to the start-up.

Auto premiums were up by just 0.7 percent in May, versus 1.4 percent in April.

Progressive May cats points to noisy Q2

“It won’t be long” before insurance partnership with Markel is launched, Musk said.