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Price hikes are moderating, new carriers and fresh sources of capital are emerging and coverage is becoming more affordable.
Massive job cuts at tech companies could prove a boon for talent-hungry insurers.
The bill represents the 'most extreme measures' ever taken by the state to tackle the property insurance crisis, a former state senator said.
The conglomerate reported a $962M loss on insurance underwriting in the third quarter, its worst quarterly loss in a year.
Lessors of planes stuck in Russia since the onset of sanctions have warned insurers of possible claims.
Used-car prices, labor costs and expenses tied to protecting customers against lawsuits all went up.
The acquisition would be the first for Lemonade, which is aiming to bolster its bundled offerings.
The transaction will add about 3,400 independent agencies in 33 U.S. states to Liberty Mutual's business.
The complaint says the deal will negatively affect American businesses that will likely pay higher fees for lower-quality services.
The insurer's error comes as artificial intelligence faces criticism from those who say it's subject to biases.
{ "author": { "name": "Max Reyes", "webUrl": "/author/profile/max-reyes/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 11, "social": [], "articles": [ { "uri": "/2023/03/08/cyber-insurance-is-back-from-the-brink-after-ransomwares-onslaught/", "title": "Cyber insurance is back from the brink after ransomware's onslaught", "byline": "Max Reyes", "kicker": "Market Insights", "prettyDate": "March 08, 2023", "timeToRead": "5 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2023/03/Cyber-Security-Article-202303071938.jpg", "width": "621", "height": "372" }, "authors": [ { "webUrl": "/author/profile/max-reyes/", "name": "Max Reyes" } ], "kickerNode": [ { "uri": "/market-insights/", "sectionName": "Market Insights" } ], "summary": "Price hikes are moderating, new carriers and fresh sources of capital are emerging and coverage is becoming more affordable.", "body": null }, { "uri": "/2023/01/31/laid-off-tech-workers-are-about-to-get-help-from-allstate/", "title": "Laid-off tech workers are about to get help from Allstate", "byline": "Max Reyes and Isis Almeida", "kicker": "Career Moves", "prettyDate": "January 31, 2023", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2023/01/Allstate-Article-202301301538.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/max-reyes/", "name": "Max Reyes" }, { "webUrl": "/author/profile/isis-almeida/", "name": "Isis Almeida" } ], "kickerNode": [ { "uri": "/career-moves/", "sectionName": "Career Moves" } ], "summary": "Massive job cuts at tech companies could prove a boon for talent-hungry insurers.", "body": null }, { "uri": "/2022/12/15/florida-legislature-passes-bill-to-tame-rising-property-insurance-costs/", "title": "Florida legislature passes bill to tame rising property insurance costs", "byline": "Max Reyes", "kicker": "News", "prettyDate": "December 15, 2022", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2022/12/Florida-State-Capitol-Building-Article-202212141742.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/max-reyes/", "name": "Max Reyes" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The bill represents the 'most extreme measures' ever taken by the state to tackle the property insurance crisis, a former state senator said.", "body": null }, { "uri": "/2022/11/07/berkshire-hathaway-takes-a-beating-on-auto-insurance/", "title": "Berkshire Hathaway takes a beating on auto insurance", "byline": "Max Reyes", "kicker": "Analysis", "prettyDate": "November 07, 2022", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2022/11/BoxingGloves-Article-202211061935.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/max-reyes/", "name": "Max Reyes" } ], "kickerNode": [ { "uri": "/analysis/", "sectionName": "Analysis" } ], "summary": "The conglomerate reported a $962M loss on insurance underwriting in the third quarter, its worst quarterly loss in a year.", "body": null }, { "uri": "/2022/03/21/aircraft-insurers-brace-for-a-deluge-of-russia-related-claims/", "title": "Aircraft insurers brace for a deluge of Russia-related claims", "byline": "Katherine Chiglinsky, Siddharth Philip and Max Reyes", "kicker": "News", "prettyDate": "March 21, 2022", "timeToRead": "6 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2022/03/385406096.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/katherine-chiglinsky-siddharth-philip/", "name": "Katherine Chiglinsky, Siddharth Philip" }, { "webUrl": "/author/profile/max-reyes/", "name": "Max Reyes" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Lessors of planes stuck in Russia since the onset of sanctions have warned insurers of possible claims.", "body": null }, { "uri": "/2022/02/15/allstate-auto-lines-suffer-as-inflation-boosts-all-the-costs/", "title": "Allstate auto lines suffer as inflation boosts 'all the costs'", "byline": "Max Reyes", "kicker": "News", "prettyDate": "February 15, 2022", "timeToRead": "2 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2022/02/Allstate-Insurance-Article-202202150814.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/max-reyes/", "name": "Max Reyes" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Used-car prices, labor costs and expenses tied to protecting customers against lawsuits all went up.", "body": null }, { "uri": "/2021/11/12/lemonade-moving-to-takeover-metromile/", "title": "Lemonade moves to take over Metromile", "byline": "Max Reyes and Katherine Chiglinsky", "kicker": "News", "prettyDate": "November 12, 2021", "timeToRead": "3 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2021/11/BB-Lemonade-380914341.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/max-reyes/", "name": "Max Reyes" }, { "webUrl": "/author/profile/katherine-chiglinsky/", "name": "Katherine Chiglinsky" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The acquisition would be the first for Lemonade, which is aiming to bolster its bundled offerings.", "body": null }, { "uri": "/2021/07/12/liberty-mutual-agrees-to-buy-state-auto-in-2-29-billion-deal/", "title": "Liberty Mutual agrees to buy State Auto in $2.29 billion deal", "byline": "Max Reyes and Steve Dickson", "kicker": "News", "prettyDate": "July 12, 2021", "timeToRead": "2 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2021/07/Liberty-Mutual-Insurance-Headquarters.jpg-image620x372.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/max-reyes/", "name": "Max Reyes" }, { "webUrl": "/author/profile/steve-dickson/", "name": "Steve Dickson" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The transaction will add about 3,400 independent agencies in 33 U.S. states to Liberty Mutual's business.", "body": null }, { "uri": "/2021/06/17/u-s-sues-to-block-the-30-billion-aon-willis-towers-merger/", "title": "U.S. sues to block the $30 billion Aon-Willis Towers merger", "byline": "David McLaughlin and Max Reyes", "kicker": "News", "prettyDate": "June 17, 2021", "timeToRead": "3 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2021/06/AON-Brent-Lewin-Bloomberg.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/david-mclaughlin/", "name": "David McLaughlin" }, { "webUrl": "/author/profile/max-reyes/", "name": "Max Reyes" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The complaint says the deal will negatively affect American businesses that will likely pay higher fees for lower-quality services.", "body": null }, { "uri": "/2021/05/27/lemonades-tweet-causes-uproar-over-its-use-of-ai/", "title": "Lemonade's tweet causes uproar over its use of AI", "byline": "Max Reyes", "kicker": "News", "prettyDate": "May 27, 2021", "timeToRead": "2 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2021/05/Lemonade-Bloomberg.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/max-reyes/", "name": "Max Reyes" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The insurer's error comes as artificial intelligence faces criticism from those who say it's subject to biases.", "body": null } ] } }
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