The move would “would be the latest dramatic change at a company” that was once "a financial-services behemoth
The deal would make it the third-largest vision insurer in the country.
The company says its insurers “turned their backs on us" as it tried to recover from store closures due to the COVID-19 pandemic.
Business interruption insurance has offered little protection from the large losses caused by COVID-19 government shutdowns.
Although the climate seems monolithic, climate risk is local and absolutely manageable.
The insurer's profit drop reflected a 13% decline in net investment income and $710 million in net derivative losses.
The SEC says former finance chief Ronald Pipoly failed to properly disclose the company’s process for reporting management’s best estimate of loss reserves.
The online insurance broker is looking to raise $342 million that could value the company at more than $3 billion.
The business insurance provided by Hainan province will serve as a "‘social stabilizer' and help companies to come through difficult times.”
The insurance giant said Assurance IQ will help it target difficult-to-reach markets.
The technology’s transparency and immutability allow competitors to share data and industries to build credibility with consumers.
Unlike traditional insurance, “parametric” coverage pays out after a triggering event, regardless of actual losses.
