Risk
XILO Raises Seed Funding, Hoping to Help Agents Compete With Lemonade
XILO, a San Diego-based InsurTech, announced at the end of 2020 that it has raised just over $2 million in seed financing to fuel development of an SaaS platform for insurance agents. In an indirect ...
Allianz Completes Two Acquisitions in the UK
Allianz Holdings plc, the U.K. subsidiary of Allianz SE, has completed its planned acquisition of the remaining 51 percent of LV General Insurance Group (LV GIG) from Liverpool Victoria Friendly ...
Liberty Mutual Takes on Uber Coverage in Three Regions
Liberty Mutual Insurance will provide coverage for Uber drivers and passengers throughout New England, South Carolina and Puerto Rico as part of the company's 2020 auto insurance programs, which ...
MGA Clearcover Pulls in $50M Financing, With Designs on Becoming Full-Stack Carrier
Clearcover, a managing general agent whose artificial intelligence-driven platform focuses on auto insurance, has raised $50 million in new financing. The money is designed to accelerate further ...
Commercial Lines InsurTech Bold Penguin Snatches Up E&S Brokerage Tech Platform xagent
Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for standard and surplus lines ...
The Hartford To Stop Insuring Coal Mining, Oil Extraction Operations
The Hartford, an insurer that has been previously recognized for its commitment to environmental stewardship, announced that it will take further steps in the effort by refusing to insure—or invest ...
Growing Evidence of Vitamin E Acetate Link to Vaping Ills
Most patients stricken in a wave of vaping-related injuries had vitamin E acetate in their lungs, U.S. health officials found, reinforcing a suspected link between the compound and an outbreak that ...
AP Feature: 2019 Problems With PG&E Not the First
The state senators grilling the CEO of Pacific Gas & Electric Corp. were upset—like millions of other Californians, some spent days in the dark when the nation's largest utility shut off power ...