Life insurance asset managers Abacus Settlements and Longevity Market Assets agreed to go public through a three-way merger.

The layoffs appear to be focused on the company's bank subsidiary, according to the San Antonio Express-News. USAA declined to provide any details on the job cuts.

Insurer adds options to property and general liability coverages

Also: Liberty Mutual joins climate innovation alliance; Hagerty to acquire Broad Arrow Group.

The acquisition allows Coalition to offer insurance policies through its own carrier.

Fannie Mae and Freddie Mac are mum on whether a temporary solution from Florida officials to support downgraded home insurance firms will pass muster for the enterprises' underwriting exceptions.

CEO Dan Arnold says the firm is eyeing continued records in its headcount, despite the usual dropoff in broker moves during downturns.

Industry experts weigh in on what to look out for as insurtech enters a new, more mature era.

Days after its acquisition of Metromile closed, Lemonade has divested its enterprise unit.

Merger between public insurtechs a first in industry.