Backed

State Farm Sued Over Policies Backed by Distressed Insurer PHL

Health Insurance /
State Farm Sued Over Policies Backed by Distressed Insurer PHL

State Farm Mutual Automobile Insurance Co. faces a lawsuit accusing it of fraud and unjust enrichment for selling products from PHL Variable Insurance Co., which authorities say has a $2.2 billion capital shortfall that left policyholders with less-than-promised payouts. Three people who bought PHL life insurance and annuity contracts from State Farm agents are seeking […]

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Tesla Voters Backed Elon Musk’s Big New Pay Package Today

Investment Tips /
Tesla Voters Backed Elon Musk's Big New Pay Package Today

Key Takeaways A big vote on Elon Musk’s pay landed today, with the company reporting that over 75% of voters approved a proposal that could make him a trillionaire. Prediction markets bettors across Polymarket, Kalshi, and Robinhood showed near-certain probabilities that shareholders approve Musk’s pay package. The fate of Tesla—or, at least, the answer to

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The Fidelis Partnership Launches 2nd Lloyd’s Syndicate, Backed by PE Firm Blackstone

Auto Insurance /
Lloyd’s Reports Combined Ratio of 92.5% on Drop in H1 Underwriting Result

The Fidelis Partnership (TFP) announced the launch of Syndicate 2126 in partnership with funds managed by Blackstone, the alternative asset manager and private equity company, following in-principle approval from Lloyd’s. The syndicate will write across a number of property, specialty and bespoke lines, including through Pine Walk (the TFP’s MGA incubation platform), as well as

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Volvo Launches Independent Agency; Arden’s Wildfire Program Backed by SiriusPoint

Home Insurance /
Volvo Launches Independent Agency; Arden’s Wildfire Program Backed by SiriusPoint

Volvo Launches Independent Agency Auto manufacturer Volvo has launched an independent insurance agency offering not just car insurance for Volvos but also home and umbrella insurance. The Mahwah, New Jersey-based Volvo Car Insurance Services represents five major carriers: Nationwide, The Hartford, Progressive, Travelers and Liberty Mutual. Volvo says its independent agents can help customers find

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Volvo Launches Independent Agency; Arden’s Wildfire Program Backed by SiriusPoint

Home Insurance /
Volvo Launches Independent Agency; Arden’s Wildfire Program Backed by SiriusPoint

Volvo Launches Independent Agency Auto manufacturer Volvo has launched an independent insurance agency offering not just car insurance for Volvos but also home and umbrella insurance. The Mahwah, New Jersey-based Volvo Car Insurance Services represents five major carriers: Nationwide, The Hartford, Progressive, Travelers and Liberty Mutual. Volvo says its independent agents can help customers find

Volvo Launches Independent Agency; Arden’s Wildfire Program Backed by SiriusPoint Read More »