Personal Lines
Lemonade Launches Nonprofit Foundation With $20M Endowment
Lemonade has established a nonprofit foundation designed to promote the use of AI, data and software to build socially impactful products and programs globally. Dubbed The Lemonade Foundation, the ...
The Latest Launches From Liberty Mutual and At-Bay
Liberty Mutual Insurance is teaming with Ford to bring usage-based insurance to connected vehicles. At-Bay is touting the launch of what it claims is the first automatically underwritten tech E&O ...
Microplastics in the Food Chain, and Other CM Risk Alerts
Microplastics are making their way into our food, drinking water and even the air. Robot managers are optimizing the autonomy out of many jobs and leaving employees stressed out and injured. Many job ...
Anthemis Raises $90M Venture Capital Fund for InsurTech Investments
Financial services venture capital firm Anthemis has raised $90 million for a new fund that will invest in fast-growing insurance technology startups, the company said on Thursday. Investors in the ...
Broker Investor Group Chooses 12 InsurTechs for First Cohort Program
BrokerTech Ventures, an investor group and accelerator program led by nine insurance brokerages, has selected 12 InsurTechs for its first cohort that convenes March 2 in Des Moines, Iowa, for a ...
Credit Karma to Be Acquired by Intuit for $7.1B
Intuit, the maker of TurboTax, QuickBooks and Mint, has agreed to acquire Credit Karma, the consumer technology platform, for approximately $7.1 billion in cash and stock. The combination brings ...
Updated: Tractable Raises $25M to Expand Reach of AI Accident Recovery Tech
Tractable, an InsurTech developing artificial intelligence for accident and disaster recovery, nailed down $25 million in new venture financing. The money infusion will be used to accelerate a push ...
Florida Carriers, Facing Market Turmoil, Pursue Massive Rate Increases
It's no surprise that Florida carriers are raising homeowners insurance rates given several years of catastrophes and losses from litigation related to assignment of benefits and water damage claims. ...