FMI

INSURANCE TECHNOLOGY

Carvana | August 12, 2021

Carvana (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, and Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company (“Root”), the leading insurtech carrier, today announced an exclusive partnership to develop integrated auto insurance solutions for Carvana’s online car buying platform. In connection with the partnership, Carvana will invest approximately $126 million in Root, Inc., subject to customary regulatory approvals. ...

LIFE INSURANCE

SCOR | April 25, 2022

SCOR and its subsidiary ReMark announce that they have signed a partnership agreement with Atidot on a solution designed to increase in-force business value for life insurers. The innovative digital solution will deliver significant value for the partners’ clients by better predicting policyholder behavior and developing engaging marketing strategies to retain customers. A global reinsurer, SCOR continues to leverage its industry expertise and collaboration with ecosystem pa...

Farmers Insurance | January 27, 2020

Farmers Insurance has shown its support to local servicemen, servicewomen and their families in San Diego, CA through a couple of generous donations. The insurance company has given a refurbished van to active-duty Navy sailor Emiliano Martinez. Farmers presented Martinez the keys to the van during a special ceremony last week, and the vehicle itself was restored by local technicians as part of the National Auto Body Council Recycled Rides Program. In addition, Farmers Insurance also donated $40...

RISK MANAGEMENT

Liberty Mutual Insurance | March 02, 2022

Liberty Mutual Insurance has completed the acquisition of State Auto Group, a super-regional property and casualty insurance holding company headquartered in Columbus, Ohio that distributes personal and small commercial coverages in 33 states through approximately 3,400 independent agents. More than 2,000 State Auto employees will join Liberty Mutual's Global Retail Markets US business unit. Through the mutual transaction and merger, originally announced in July, Liberty Mutua...