“We envision a future, not a distant one, where many of our colleagues are AIs. Imagine an actuary who can join a Zoom call anytime, 24/7, with access to all of Lemonade’s historical and real-time data,” he told the audience of insurtech and insurance leaders in London.
“That’s not something we can accept, forcing developers to find coverage elsewhere, often in a different market. We are seeing more engagement between lenders, insurance advisors, brokers, and developers to ensure that policies are bankable from the start. This needs to happen early in the process, ideally before construction insurance is finalised,” Luciano added. Source…
For Hurricane Milton, insurers closed 81.7% of the 343,789 total claims filed across multiple lines, including personal and commercial property, auto, private flood, and business interruption, as of February 28. Of these, 35,043 claims remained open without payment, while 27,894 were still open with payment. Source link
Following the sale, Lennon and her company continued to operate the venue under the Warehouse 215 name, using it in promotional materials, liquor license applications, and business filings. Bentley Projects filed a suit in Arizona state court, accusing them of unauthorized use of the trade name, unfair competition, and trademark infringement under both Arizona law…
“It is important to understand that this is not a demutualization or a step toward demutualization, and there is no plan to issue stock or to bring in external shareholders,” the company said. “While a mutual holding company structure provides access to new and more economical debt markets, we are not required to access them…
David Appel, an economist serving as a consultant for State Farm General, said denying the rate request could affect the company’s ability to continue operating in the California market. He recommended allowing the increase on an interim basis, with a full rate hearing to follow to evaluate whether the emergency adjustment was warranted. Source link
