Commercial Lines
Mile Auto Raises $10.3M, Teams With Ford to Advance Auto Telematics Tech
Mile Auto, a telematics-driven auto insurance MGA, is armed with $10.3 million in new funding. The Atlanta-based InsurTech plans to partner with Ford Motor Company and expand efforts to target ...
Commercial Auto Tort Reform Bill Passes in Texas Senate
A bill that proponents say will help control abusive lawsuits against commercial motor vehicle operators following accidents has passed the Texas Senate. House Bill 19 would have a big impact on the ...
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 ...
How to Get Niche Small Biz Insurance Products on Agents’ Radar
When you hear the words "niche business," do ghost kitchens, mobile beer trucks and CBD wellness shops come to mind? These are just a few of the new ideas that have gone from concept to growing new ...
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 ...
SPACS, or Reverse Merger Companies, Raise Record $100B in 2021 So Far
Special purpose acquisition companies (SPACS) have raked in a record $100 billion through initial public offerings so far in 2021, data from Refinitiv showed, in what has been Wall Street's biggest ...