InsurTech
InsurTech Perspective: Our Turn to Stand by SVB
Just before a group of big banks extended a $30 billion lifeline to First Republic Bank last Thursday, a five-year-old InsurTech offered its support to Silicon Valley Bridge Bank, the successor of ...
InsurTech Assured Allies Closes $42.5M Series B Funding Round
Assured Allies, an InsurTech company for evidence-based aging, announced that it has closed a $42.5 million Series B funding round, bringing the total capital raised to $65 million. The round was ...
How Monitaur’s CEO Built a Culture of Problem-Solving, Innovation During a Pandemic
Anthony Habayeb founded Boston-based artificial intelligence software company Monitaur four years ago in 2019. A year later, the COVID-19 pandemic hit. But Habayeb said he's no stranger to solving ...
InsurTech Profile: Data Fuels Counterpart’s Small Biz Focus
Data is Tanner Hackett's fuel. He used it to bring ecommerce to Malaysia and launch Button, a mobile commerce marketing company. Now, the entrepreneur is leaning on data — and insurance experts — ...
U.S. Acts To Stem Financial Fallout From SVB Bank Collapse; Depositors Made Whole
Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday, as the federal government announced actions to shore up deposits and stem any ...
SVB Collapse Explained: What Caused Silicon Valley Bank’s Failure?
SVB Financial Group Inc.'s shutdown and takeover by banking regulators on Friday can be traced to the U.S. Federal Reserve raising interest rates and souring the risk appetite of investors. Here is ...
Root Discloses SVB Exposure; Lemonade Unaffected
The impact of the Friday's shutdown of Silicon Valley Bank on the insurance industry remained as unclear as the fallout for the rest of the tech industry for most of this weekend, but two publicly ...
Silicon Valley Bank Seized by U.S. Regulators
U.S. regulators rushed to seize the assets of Silicon Valley Bank on Friday after a run on the bank, marking the largest failure of a financial institution since Washington Mutual collapsed at the ...