Wildfire insurance crisis looms for California homeowners
Homeowners in fire-prone areas of California may soon find there’s no one to insure their properties. Last year, the...
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Fear and loathing in a pandemic: Insurers battle business interruption claims
As a Las Vegas casino owner, Phil Ruffin is used to taking risks. But this time the odds seem...
Investors reward Lemonade with $3.8B valuation
Venture-backed insurance seller Lemonade got a sweet reception from investors on the day of its initial public offering. Listed...
SoftBank-backed Lemonade raises IPO target to $319M
As its anticipated early July IPO date draws nearer, home insurance provider Lemonade is raising its share price once...
Will Lemonade’s IPO be sweet or sour?
To investors, Lemonade bills itself as the evolutionary successor to the old insurance guard. Instead of luring established customers with the “I switched-and-saved” value proposition, Lemonade hooks them when they’re young. The armies of...
Retailers take stock of insurance coverage after looting
Looting and vandalism in cities across the country, which arose alongside peaceful protests for racial justice, have posed another...
Will insurers cover coronavirus-related business losses? We may soon find out
A business insurer’s position that it isn’t required to cover coronavirus-related losses is set to face a legal litmus...
Miami Beach salon sues Lloyd’s of London over coronavirus claim
Another South Florida business has sued an insurer for rejecting its coronavirus business interruption claim. Atma Beauty at 1874...
Real estate is waking up to pandemic insurance. But is it too late?
Hotel owners nationwide have likely deployed teams of lawyers to scour their insurance policies, hoping to find a clause...
In bid for relief, restaurants wage lobbying war against insurers
Restaurants and the insurance industry are shaping up as two of the biggest rivals in the coronavirus pandemic. Eateries...
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