Patriot National Reports Loss for Q4, Full Year

Patriot National has reported a $5.4 million net loss in the fourth quarter of 2015 and a net loss of the same amount for the full year. That’s compared to a net loss of $2.4 million in the prior-year quarter and a net income of $10.4 million for full year 2014. The report comes as Patriot National has implemented a number of changes this year. On Feb. 16, the company announced an expanded relationship with Travelers, in which Patriot National will offer all lines of Travelers' small business insurance in 15 states, with plans for national expansion. On Jan. 28, the company acquir...