Underwriting
Self-Driving Car Legislation Held Up in Senate Over Liability Concerns
A debate over who to blame — or sue — when a self-driven car hits someone is holding up legislation the industry says it needs to advance. "If another driver hits you, it's clear who the driver ...
Italy Investigating Alleged Automobile Insurer Cartel
Italy's anti-trust watchdog said on Friday it had opened an investigation into an alleged cartel among insurance companies and insurance price comparison companies to limit competition for automobile ...
InsurTech Startup Omnidya Sees Benefits in Crowdfunding Versus Straight VC
Most InsurTech startups seek out venture capital to help fuel their initial development goals. Omnidya is turning to a crowdfunding campaign to raise money. Omnidya's Founder and CEO Kumar Patel is ...
Mitsui Sumitomo Invests in Upstream Security for Strategic Telematics Partnership
Upstream Security has raised $36 million from Japanese carrier Mitsui Sumitomo Insurance as part of a strategic partnership designed to advance telematics in insurance. Upstream, based in Israel, is ...
Lemonade Makes Progress Building Its Brand, Spending Money to Make Money
Lemonade remains a money-loser, but the digital insurer continues to take steps toward building a sustainable business. One of those key areas is in advertising spend. In the company's Q1 2021 ...
Arity Telematics Tool Pitched as Helping Insurers Better Leverage Driving Behavior
Arity, an Allstate-founded mobility data and analytics startup, has launched a telematics tool designed to help insurers more efficiently leverage driving behavior for better pricing. The product – ...
Boost Raises $20M for Deeper Dive Into ‘Embedded Fintech Revolution’
Boost Insurance attracted $20 million in new financing from multiple investors it will use to dive deeper into what CEO Alex Maffeo refers to as the "embedded fintech revolution." The New York-based ...
Irish Patient Data Was Apparently Posted on Dark Web After Cyber Attack
Reports of Irish patient data posted online after a cyber attack on Ireland's health service appear to be accurate, a government minister said, as the fallout from the hack continues. A Financial ...