Most read stories for the week include a look at growth at insurtech startup Lemonade and a piece on partnerships between banks and financial technology companies.
Lemonade growing premiums faster than Esurance's homeowners business did
Insurtech startup Lemonade Insurance Co. is demonstrating impressive growth when viewed in the context of Esurance Insurance Co., which was in the vanguard of selling insurance online when it was founded in the late 1990s.
AIG reinsurance shifts to impact US P&C industry's top and bottom lines
The new approach to reinsurance that Brian Duperreault plans to employ at American International Group Inc. could have an industrywide impact on underwriting metrics for U.S. property and casualty lines.
Fintech, bank partnerships not likely to become a 'big bonanza'
As the nation's largest banks embrace partnerships with financial technology companies, many community banks are still testing the waters and grappling with when to take the plunge.
'Noise' from financial results is lessening, State Auto CEO says
State Auto Financial Corp. has reached the stage in its turnaround in which the "noise" from its financial results will start to go away, Chairman, President and CEO Michael LaRocco said. The insurer's fourth-quarter 2017 GAAP combined ratio of 100.9% was a slight improvement over the 2016 fourth quarter, while the full-year combined ratio of 107.7% showed a slight deterioration year over year.
Cryptocurrency hack could expose cyber insurance gaps
A hack that hit thousands of websites has highlighted the evolving nature of cyberrisks and could reveal gaps in the available insurance coverage.