Industry News
Allstate Q3 Net Income Drops About 45% on Higher Catastrophe Losses
Allstate Corp. third-quarter 2026 net income applicable to common shareholders dropped nearly 45% with underwriting income down about 30% during the period. Net income was about $2 billion for Q3 ...
Root Reverses Q3 Loss Last Year With $14M Net Income
Root Inc. reported third-quarter 2026 net income of $14.4 million, reversing a loss of $5.4 million over the same period a year ago. For Q3 the combined ratio came in at 97.2 compared with 102.1 a ...
New Partnerships at Hippo, Donegal, Mitchell
Hippo Holdings Inc. announced a strategic partnership with the Innovations segment of Greenlight Capital Re Ltd. that connects opportunities to invest in emerging managing general agents with carrier ...
Costly Vet Bills Drive More Americans to Buy Pet Insurance
The rising cost of veterinary care is pushing more Americans to buy pet insurance, as advances in animal medicine give owners access to treatments that were uncommon or unavailable a decade ago. For ...
AIG’s General Insurance Q3 Underwriting Income Down 29%
Third-quarter 2026 underwriting income in American International Group's (AIG) General Insurance segment decreased nearly 30% compared with the prior year, to $564 million. Insurance financial ...
The Latest Launches from Insurify, Insurity
Insurify, an online insurance marketplace, announced the launch of its AI Agent Gateway with the aim of giving consumers a faster, more efficient way to shop for insurance using their personal AI ...
Vantage Launches Facultative Reinsurance Business, Names Pickard as President
Vantage Group Holdings Ltd., the Bermuda-based re/insurer, announced the launch of its Facultative Reinsurance line of business, led by industry executive Lisa Pickard, who has joined Vantage as ...
APCIA Says Claims Data Standards in Works to Better Combat Criticism
These days the insurance industry is "caught in the crosshairs," and it may also be caught flatfooted – responding to recent scrutiny of a policy's worth rather than working from in front with ...