Personal lines and small business insurance broker Goosehead Insurance plans to raise $100mn through an initial public offering, according to a regulatory filing.
Commercial auto specialist Atlas Financial posted a $67.5mn adjusted pre-tax operating loss for the fourth quarter driven by prior-year reserve strengthening that added 130.3 percentage points to the insurer’s combined ratio for the period.
California’s January mudslides that devastated high-end residential neighbourhoods near Santa Barbara in the wake of the historic Thomas wildfire prompted almost $422mn in claims, state regulators said today.
InsurTech startup Root has landed $51mn in additional capital from an expanded list of backers, including Redpoint Ventures and Scale Venture Partners.
Maurice “Hank” Greenberg and his Starr International lost a challenge against the federal government’s actions involving a massive bailout of AIG during the financial crisis, as the US Supreme Court refused to take up the matter.
