Property insurance

Applied Underwriters Names John Black Executive Vice President, Applied Specialty Underwriters, to Lead Expansion into Middle Market Surplus Lines

Tuesday, January 19, 2021 - 2:00pm

OMAHA, Neb., Jan. 19, 2021 /PRNewswire/ -- Steve Menzies, CEO of Applied Underwriters today announced the appointment of John Black, CPCU to Executive Vice President of the Company's newly expanded division, Applied Specialty Underwriters.

Key Points: 
  • OMAHA, Neb., Jan. 19, 2021 /PRNewswire/ -- Steve Menzies, CEO of Applied Underwriters today announced the appointment of John Black, CPCU to Executive Vice President of the Company's newly expanded division, Applied Specialty Underwriters.
  • With the naming of John Black and the other professionals at Applied Specialty, we are demonstrating our commitment to leadership in this market sector, for agents and brokers."
  • John Black, Sr., CPCU served most recently as CUO of CM Vantage Specialty, an E&S insurer which he co-founded.
  • As a company, Applied Underwriters has been distinguished by its innovative approaches to client care and by its strong financial strength.

Lemonade Announces Upsizing and Pricing of Public Offering of Common Stock

Thursday, January 14, 2021 - 1:41am

Lemonade, Inc. (Lemonade) (NYSE: LMND), the insurance company powered by artificial intelligence and behavioral economics, today announced the pricing of the underwritten public offering of 3,300,000 shares of its common stock by Lemonade (the Primary Offering) and 1,524,314 shares of its common stock by certain selling stockholders (the Secondary Offering and together with the Primary Offering, the Offering), at a price to the public of $165.00 per share.

Key Points: 
  • Lemonade, Inc. (Lemonade) (NYSE: LMND), the insurance company powered by artificial intelligence and behavioral economics, today announced the pricing of the underwritten public offering of 3,300,000 shares of its common stock by Lemonade (the Primary Offering) and 1,524,314 shares of its common stock by certain selling stockholders (the Secondary Offering and together with the Primary Offering, the Offering), at a price to the public of $165.00 per share.
  • The Offering was upsized from the previously announced offering size of 4,524,314 shares.
  • The underwriters will also have 30-day options to purchase up to an additional 723,647 shares of Lemonades common stock from Lemonade.
  • Lemonade is currently available for most of the United States, Germany, the Netherlands and France and continues to expand globally.

American Integrity Insurance Announces New Partnership with Cape Analytics

Tuesday, January 12, 2021 - 11:05am

American Integrity Insurance Company, a premier Florida-based property insurance provider, announces a new partnership with Cape Analytics that will allow American Integrity to assess properties remotely to keep its agents, employees and customers safe, an essential capability during the time of COVID-19.

Key Points: 
  • American Integrity Insurance Company, a premier Florida-based property insurance provider, announces a new partnership with Cape Analytics that will allow American Integrity to assess properties remotely to keep its agents, employees and customers safe, an essential capability during the time of COVID-19.
  • We are excited to launch our partnership with Cape Analytics to expand our Underwriting capabilities even further in this very dynamic Florida marketplace, said Patrick Madigan, Vice President of Underwriting and Client Services at American Integrity.
  • We are thrilled to announce this partnership and support American Integrity Insurance with AI-driven property information and remote risk assessment.
  • Offering traditional and high valued homeowners insurance, condo insurance, renters insurance, and vacant and rental home insurance, American Integrity is also proud to offer extra protection, including flood insurance, umbrella insurance, golf cart insurance, boat insurance, cyber coverage and identity theft protection as well as equipment breakdown coverage, to help address a broad range of needs facing Florida homeowners today.

United Kingdom Home Insurance Market Report 2021 - ResearchAndMarkets.com

Wednesday, January 6, 2021 - 6:08pm

The "UK Home Insurance Market Report 2021" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "UK Home Insurance Market Report 2021" report has been added to ResearchAndMarkets.com's offering.
  • This report looks at the domestic home/property insurance market, where home insurance is defined as insurance which covers individuals against the cost of repairing or rebuilding their home or replacing its contents.
  • This report considers the size of the market, recent trends, the major players, forecast for the future and sets out the environmental framework in which insurance is sold today.
  • Key factors influencing the market today are:
    COVID-19 - This has had a range of impacts on the home insurance market.

Lemonade Ends 2020 With Over One Million Active Customers

Thursday, December 31, 2020 - 1:46pm

Lemonade , the insurance company powered by artificial intelligence and behavioral economics, announced it has more than one million customers.

Key Points: 
  • Lemonade , the insurance company powered by artificial intelligence and behavioral economics, announced it has more than one million customers.
  • View the full release here: https://www.businesswire.com/news/home/20201231005145/en/
    Years Until One Million Customers (Graphic: Business Wire)
    Were proud to hit the one million customer mark so early in the life of the company, said Shai Wininger, Lemonade co-founder and COO.
  • At Lemonade, one million customers translates into billions of data points, which feed our AI at an ever-growing speed.
  • All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding the anticipated impact of acquiring one million active customers.

Brent Brummer named Senior Vice President of Claims and Legislative Affairs for Florida Family Insurance

Tuesday, December 8, 2020 - 2:00pm

JACKSONVILLE, Fla., Dec. 8, 2020 /PRNewswire-PRWeb/ --Florida Family Insurance recently announced the promotion of Brent Brummer to Senior Vice President of Claims and Legislative Affairs.

Key Points: 
  • JACKSONVILLE, Fla., Dec. 8, 2020 /PRNewswire-PRWeb/ --Florida Family Insurance recently announced the promotion of Brent Brummer to Senior Vice President of Claims and Legislative Affairs.
  • Brent joined Florida Family Insurance in 2009 as the Claims Manager, was elevated to Vice President of Claims in 2013, and was appointed to the Operating Board in 2018.
  • In addition to overseeing the entire Claims Operation, Brent is responsible for government relations and works closely with industry trade organizations and the Office of Insurance Regulation.
  • Brent received both his bachelor's and master's degrees from Florida State University and holds Charter Property and Casualty Underwriter (CPCU) and Associate in Claims (AIC) designations.

Lemonade CEO Daniel Schreiber to Present at the Goldman Sachs Financial Services Conference

Monday, December 7, 2020 - 10:44pm

Daniel Schreiber, CEO and cofounder of Lemonade (NYSE: LMND), will present at the Goldman Sachs U.S. Financial Services Conference on Wednesday, December 9, 2020.

Key Points: 
  • Daniel Schreiber, CEO and cofounder of Lemonade (NYSE: LMND), will present at the Goldman Sachs U.S. Financial Services Conference on Wednesday, December 9, 2020.
  • The virtual fireside chat will be livestreamed here and a replay of the webcast will be available on investor.lemonade.com shortly after the event.
  • Lemonade CFO Tim Bixby will present at the Barclays Global Technology, Media and Telecommunications Conference on Thursday, December 10, 2020.
  • Lemonade is currently available for most of the United States, Germany, the Netherlands and France and continues to expand globally.

NC Homeowners Alliance Opposes Massive Insurance Rate Increase

Thursday, December 3, 2020 - 7:00pm

RALEIGH, N.C., Dec. 3, 2020 /PRNewswire/ --Through the NC Rate Bureau,North Carolina's insurance companies have collectively proposed a 25 percent increase on property insurance premiums.

Key Points: 
  • RALEIGH, N.C., Dec. 3, 2020 /PRNewswire/ --Through the NC Rate Bureau,North Carolina's insurance companies have collectively proposed a 25 percent increase on property insurance premiums.
  • On December 10 from 10:00 am to 3:00 pm, Insurance Commissioner Mike Causey will hold a virtual public hearing on this issue.
  • "The NC Homeowners Alliance opposes the insurance companies' outrageous efforts to raise rates by 25 percent for property insurance,"said WendyHarris, North Carolina Homeowners AllianceChair.
  • We are opposing any increase in property insurance rates at this critical time for North Carolinians."

Orchid Insurance and Homesite Group Partner to Launch TRUE, a New Insurance Carrier to Protect Homeowners in Catastrophe-exposed States

Wednesday, November 11, 2020 - 11:15pm

Orchid Underwriters Agency, LLC (Orchid), a specialty underwriter of catastrophe-exposed property insurance, and Homesite Group (Homesite), a national property insurer, announced today the creation of TRUE, a new reciprocal insurance company to protect homeowners in coastal states.

Key Points: 
  • Orchid Underwriters Agency, LLC (Orchid), a specialty underwriter of catastrophe-exposed property insurance, and Homesite Group (Homesite), a national property insurer, announced today the creation of TRUE, a new reciprocal insurance company to protect homeowners in coastal states.
  • Starting this month, TRUE will offer owner-occupied homeowners insurance, as well as bundled, optional coverages and a private flood solution, for medium-to-high-value homes.
  • With more than $2 billion in annual written premium, Homesite is now one of the top homeowners insurance carriers in the United States.
  • In addition to homeowners, condo, renters, and flood products, Homesite also offers small commercial and life insurance products.

AM Best to Join CPCU Society Webinar on Innovation Trends in Property/Casualty Industry

Friday, November 6, 2020 - 5:27pm

AM Best Associate Director Edin Imsirovic will take part in a webinar on Nov. 12, 2020, at 2 p.m. (EST) for the Chartered Property Casualty Underwriter (CPCU) Society on the state of innovation in the property/casualty insurance innovation.

Key Points: 
  • AM Best Associate Director Edin Imsirovic will take part in a webinar on Nov. 12, 2020, at 2 p.m. (EST) for the Chartered Property Casualty Underwriter (CPCU) Society on the state of innovation in the property/casualty insurance innovation.
  • In AM Bests view, the pace and magnitude of technological and societal changes has made innovation increasingly critical for the insurance industry, and in March 2020, the rating agency adopted an innovation criteria into its rating process.
  • The webinar, titled, P&C Insurer Innovation in the COVID-19 Economy, will explore specific approaches by insurers to harness innovation, particularly amid the COVID-19 pandemic, as well as the results of innovation reviews conducted by AM Best.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.