InsurTech
Branch Insurance Sprouts From Roots of Asking Why
"Ask Why. It's how we learn new skills, grow as a team, and invent. Without asking 'why?' we'd never get to the deeper understanding needed to create breakthroughs." Those are the words that describe ...
Birth of a Unicorn: How Branch’s Founders Turned Noes Into Yeses
Like most startups, the founders of unicorn Branch faced some early setbacks. In a word, the process was "intense," according to Steve Lekas, co-founder and CEO of the InsurTech, which bundles home ...
Altai Ventures Launches $53M Fund to Help InsurTech, FinTech Founders
Altai Ventures, an early-stage venture capital firm, announced the closing of Altai Ventures Fund II. The fund closed with $53 million in total commitments, surpassing its goal of $50 million. ...
Cambridge Mobile Telematics Acquires European Telematics Company Amodo
Cambridge Mobile Telematics, a telematics service provider, announced that it has acquired Amodo, a telematics company based in Europe. The acquisition brings together two telematics companies with ...
Root Inc. Says CFO ‘Terminated for Cause’
About one year into his employment with Root Inc. and a week after he helped the company report fourth-quarter earnings, Chief Financial Officer Robert Bateman has been fired for violating company ...
Root Books Another Loss; Stays Positive on Embedded Insurance
Calling embedded insurance the "next secular trend in distribution," Root Inc. CEO Alex Timm in a letter to shareholders said the company has an advantage to scale access in the channel and become ...
With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23
Executives of InsurTech Lemonade say they're slowing down growth in 2023, as the company waits for regulators to approve rate hikes needed to keep up with inflation. "So long as these mismatched ...
Root Granted Restraining Order Against Former CMO it Says Stole About $10M
A U.S. district judge has granted a motion for a temporary restraining order requested by Root Inc. against its former chief marketing officer to prevent him, his companies or associates from selling ...