Citizens Property Insurance Corp., the state-created insurer of last resort, is no longer the largest carrier in Florida. The ranking is seen as a significant milestone in the push for a more stable, market-based insurance system in the state. Citizens’ …
Month: November 2025
Insurtech Hippo Reverses Q3 Loss During ‘Breakout Quarter’
Insurtech Hippo posted third-quarter 2025 net income of $98 million, compared with a net loss of $9 million a year ago during the same period. San Jose, California-based Hippo’s Q3 combined ratio improved to 100–a 28-point improvement from Q3 2024. …
Trucking App Trucker Path Launches Retail Insurance Agency
The company behind a trucking navigation app has launched its own insurance agency. In October, Trucker Path announced the launch of its in-house, digitally enabled retail agency focused exclusively on trucking insurance. Trucker Path Insurance (TPI) debuted with a $7 …
Are All Insurance Policies Ambiguous?
In January 2023, my monthly column was titled “Insurance Coverage and Television.” I’ve written and spoken extensively about how the property and casualty insurance industry spends billions of dollars on advertising and the vast majority of it is price focused. …
Lemonade Books Q3 Net Loss of $37.5 Million
Insurtech Lemonade reported a third-quarter 2025 net loss of about $37.5 million compared with a loss of $67.7 million a year ago during the same time. Revenue and gross profit increased 42% and 113%, respectively, versus Q3 2024. However, operating …
How to Grow an Agency in 2026
After years of rate inflation in nearly all lines of property and casualty insurance, 2026 offers some reprieve for insurance buyers. Agents and brokers can no longer rely on agency growth through rate increases and exposure changes. “We’ve been in …
Claims Severity Drives Liability Insurance Losses
By William Nibbelin, Senior Research Actuary, Triple-I Economic and social inflation have added a staggering $231.6 billion to $281.2 billion in increased liability insurance losses and Defense and Cost Containment expenses in auto and general liability lines, a new report by Triple-I and the Casualty Actuarial Society. The study – The Impact of Increasing Inflation…
MIT Grad Brothers Fraud Jury Unable to Reach a Verdict
A jury was unable to reach a verdict in the fraud trial of two brothers, both recently graduated from the Massachusetts Institute of Technology, who were accused of stealing roughly $25 million in cryptocurrency from traders on the Ethereum blockchain. …
Vermont Christian School Challenges State’s Education Funding as Discriminatory
The Mid Vermont Christian School is challenging Vermont’s education reform law in federal court, arguing that the law’s set of provisions around public tuition dollars “creates a religious gerrymander and discriminates against religious approved independent schools in Vermont.” The school’s …
Coal Miners With Black Lung Say Government Cuts Are Suffocating the Working Man
Lisa Emery loves to talk about her “boys.” With each word, the respiratory therapist’s face softens and shines with pride. But keep her talking, and it doesn’t take long for that passion to switch to hurt. She knows the names, …