Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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Travelers to Open Technology Office in Atlanta

Just as companies worldwide struggle with the office-versus-remote work question, Travelers has decided to open a 2,800-square-foot office site in Atlanta to house its artificial intelligence, data science and other technology operations. Travelers, a global property and casualty insurer, plans …

Wed May 1, 2024 19:19
Prudential to Wind Down Direct-to-Consumer Assurance Business

Less than five years after acquiring online insurance startup Assurance IQ for $2.35 billion, Prudential is shutting it down. “Prudential Financial routinely evaluates strategic opportunities for its businesses that are aligned with its long-term growth strategy,” the company said in …

Wed May 1, 2024 19:19
Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress

Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating income for the first time in the company’s history. The net income loss for the first three months of the …

Wed May 1, 2024 19:19
Kansas Won’t Legalize Medical Marijuana for at Least a Year

TOPEKA, Kan. (AP) — Kansas will remain among the handful of states that haven’t legalized the medical use of marijuana or expanded their Medicaid programs for at least another year. Republican state senators on Friday blocked efforts to force debates …

Wed May 1, 2024 18:18
Yemen’s Houthis Attack Four Ships in Indian Ocean, Red Sea

Yemen’s Houthis said on Tuesday they targeted the MSC Orion container ship in a drone attack in the Indian Ocean as part of their ongoing campaign against international shipping in solidarity with Palestinians against Israel’s military actions in Gaza. MSC …

Wed May 1, 2024 18:18
16 Nabbed in Florida Sting Operation for Failing to Get Workers’ Comp Coverage

A sting operation in Manatee County, Florida, has led to the arrest of 16 men who were working without a contractor’s license and without securing workers’ compensation insurance on their employees. The sting was led by the Manatee Sheriff’s office …

Wed May 1, 2024 18:18

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