Iowa Attorney back dismissal of Lockheed pension transfer lawsuit
Nine state attorneys general urged a federal court to dismiss a lawsuit challenging Lockheed Martin’s pension risk transfer to Athene
🇺🇸 Indiana Insurance News
Latest Indiana insurance news from US insurers and regulators. Explore auto, home, life, P&C, pet and health insurance, including insurance rates, insights, trends, and breaking insurance news from the United States.
Indiana court dismisses Cantor’s $25 mn fidelity bond case over jurisdiction
Indiana’s appeals court tossed Cantor’s $25mn fidelity bond suit, ruling nonresident insurers lacked the minimum contacts required for state jurisdiction
Judge Tosses Thompson Thrift’s $PCE coverage fight against Cincinnati Insurance
Indiana court rules Cincinnati Insurance had no duty to defend or indemnify Thompson Thrift in $PCE contamination dispute at Arizona apartments
Insurtech Lemonade reduced Q2 net loss by 23%, in-force premium reached $1.1 bn
Lemonade Inc. reduced its Q2 net loss by 23%, reporting a loss of $44mn as premium volume continued to climb. Net earned premiums rose to $112.5mn, up from $89.3mn year-over-year
Mid-May storms drive up U.S. insured losses to $4-7 bn
Severe convective storms across central U.S. states in mid-May, including destructive tornadoes and hail, likely caused insured losses between $4 bn and $7 bn
U.S. insurers face losses between $1 bn and $3 bn from a severe weather outbreak in March
Insurers face losses between $1 bn and $3 bn from a severe weather outbreak in mid-March, according to Gallagher Re
Symetra Life Insurance agreed to a proposed $32.5 mn settlement in a class-action lawsuit
Symetra Life Insurance Co. agreed to a proposed $32.5 mn settlement in a class-action lawsuit alleging it withdrew excessive amounts from policyholders’ cash value trusts
Moody’s estimates U.S. insured losses from Hurricane Beryl to $2.5-4.5 bn
Moody’s RMS Event Response estimates U.S. insured losses from Hurricane Beryl to be between $2.5 billion and $4.5 billion. This includes damage from wind, storm surge
Insurtech CoverTree raised $13 mn in a Series A funding
CoverTree, an insurtech startup focused on manufactured homes, raised $13 mn in a Series A funding round, bringing its total funding to $23 mn
Insurtech Angle Health secured $58mn of Series A funding led by Portage
Insurtech Angle Health Insurance has announced the completion of its Series A funding round, which raised $58mn led by Portage, a global investment platform
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
Bitcoin ETFs simplify the process. This structure enables you to access your exposure within an asset via an already harmonized structure within the regulations concerning settlement and risk management
Private equity’s grip on US insurers deepens risk concerns as assets shift into opaque credit, offshore deals and affiliated investments