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EXCLUSIVE: Cannabis Operators Get Tailored Insurance With Würk And The Baldwin Group's New Captive Program
2024 Sep 17, 10:23am | 633Würk, a human capital management (HCM) company in the cannabis industry, partnered with The Baldwin Group (NASDAQ:BWIN) to introduce a first-of-its-kind Employee Benefit Captive program. This innovative insurance collaboration aims to transform how legal cannabis companies manage and evaluate their...
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Is SPDR S&P Insurance ETF a Strong ETF Right Now?
2024 Sep 16, 2:09pm | 762Making its debut on 11/08/2005, smart beta exchange traded fund SPDR S&P Insurance ETF (ARCA:KIE) provides investors broad exposure to the Financials ETFs category of the market. What Are Smart Beta ETFs? For a long time now, the ETF industry has been flooded with products based on market...
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Waterdrop Stalls In Second Quarter, But Reaffirms Annual Growth Forecast
2024 Sep 09, 9:25am | 1297Key Takeaways: Waterdrop’s revenue fell 0.4% in the second quarter, but its profit rose fourfold as it controlled costs in what it described as a market filled with “challenges” The company’s recent Waterdrop Guardian AI initiative took a step forward with the signing of a...
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Teen Driver Insurance Nightmare: Which States Are Gouging Parents the Most?
2024 Aug 03, 9:30am | 808As any parent of a newly licensed teenager knows, insuring a young driver can be a budget-busting affair. Recent data reveals that the expense of adding a teen to an auto insurance policy has soared, with some states imposing almost unbearable premiums. Here's a closer look at where teenage drivers...
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Lemonade Shares Fall After Q2 Results
2024 Jul 30, 5:03pm | 319Lemonade Inc (NYSE:LMND) shares are falling after the company reported its second-quarter financial results Tuesday. Here's a look at the details from the report. The Details: Lemonade reported quarterly losses of 81 cents per share which beat the analyst consensus estimate of losses of 86...
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Electric Vehicles Are Bleeding Insurers Money In This Key Market For Tesla And Other Auto Giants: Here's Why
2024 Jul 28, 9:56pm | 858The rapid increase in the number of new energy vehicles in China has led to a financial conundrum for the country’s insurers. The insurers are finding it challenging to make a profit from insuring these vehicles, despite charging higher premiums. What Happened: The surge in NEV ownership in...
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Travelers' Q2 Earnings Beat Expectations With Strong Core Income
2024 Jul 19, 9:34am | 490The Travelers Companies (NYSE:TRV) shares are trading higher on Friday after the company reported Q2 revenue growth of 12% Y/Y to $11.283 billion, missing the consensus of $11.341 billion. Core income per share reached $2.51, up from 6 cents a year ago, beating the $1.98 consensus forecast. Core...
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Rental Car Companies Back Away From Hard-To-Resell Electric Vehicles
2024 Jul 15, 7:25pm | 647Rental car companies are not as energized as they used to be about electric vehicles (EVs), having found out that they are hard to resell at a decent price. In January, rental car giant Hertz Global Holdings, Inc. (NASDAQ:HTZ) scaled back plans to buy 100,000 EVs after seeing that their resale...
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Insurance Underwriting Stock Will Benefit From Favorable Industry Trends, Says Bullish Analyst
2024 Jul 11, 12:22pm | 236Unum Group (NYSE:UNM) shares remained volatile in early trading on Thursday. In the insurance industry, underwriting stocks represent "the greatest growth, least reliance on variable investment income and also greatest amount of moats," according to Piper Sandler. The Unum Analyst: John Barnidge...
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Humana Has A 'Positive 6-Month Catalyst Path,' Says Bullish Analyst
2024 Jun 26, 12:19pm | 313Humana Inc (NYSE:HUM) recently inked an in-network deal with the University of Alabama at Birmingham's (UAB) Health System to provide Medicare Advantage members in the state greater access to care. The leadership of the new CEO, Jim Rechtin, who is joining on July 1, could accelerate the company's...
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Zurich Insurance Announces $600M Acquisition Of AIG's Global Personal Travel Insurance Business To Bolster US Presence
2024 Jun 26, 3:23am | 505In a strategic move to bolster its travel insurance arm, Zurich Insurance (OTC:ZURVY) announced a $600 million deal to acquire the global personal travel insurance and assistance business of American International Group Inc. (NYSE:AIG). What Happened: The acquisition, which is expected to be...
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Supreme Court Rejects Home Depot's Objection, Upholds $2.7B Blue Cross Settlement
2024 Jun 25, 2:17pm | 375The U.S. Supreme Court has declined to hear a challenge to a $2.7 billion nationwide class action settlement against Blue Cross Blue Shield. The settlement addressed allegations that the insurer overcharged commercial and individual subscribers for years. This decision effectively upholds the...
Coverage of Insurance.