News
Metromile Attracts $50M Investment From Uber Vet as Reverse Merger Plans Finalize
Metromile has attracted $50 million in new investment from a former Uber executive even as it has obtained regulatory approval to formalize a reverse merger deal that will make it a publicly-traded ...
P/C InsurTech Funding Reaches $4.7B Record In 2020 (Story In Charts)
After a slow start in 2020, InsurTech funding reached a record level of $7.1 billion for the year, with $4.7 billion earmarked for property/casualty startups, according to a quarterly tracker of ...
The Latest Launches From Trov and National General
Insurance technology company Trov is partnering with a sustainable digital car rental platform. Allstate-owned National General Holdings Corp. expanded its private flood insurance product into a ...
Cybercrime Shifts Toward More Profitable Business Attacks
Cybercriminals shifted away from stealing individual consumers' information in 2020 to focus on bigger, more profitable attacks on businesses, according to a report from the Identity Theft Resource ...
Executives On The Move at AXIS Re and Coalition
AXIS Re appointed a new head of AXIS Re's Reinsurance Products division. Coalition has appointed five new production underwriters to help grow and serve the company's middle market ...
Kemper Granted A.M. Best Ratings Upgrade
Kemper Corp. was granted an A.M. Best upgrade of its financial strength rating, based on a strong balance sheet and solid operating performance over time. The property/casualty insurer and its ...
Amended Law Slows Nursing Home COVID Court Claims
Garnice Robertson wants accountability for her mother's death from COVID-19 caught while she was living at a Kansas nursing home that allegedly failed to prevent an outbreak of the disease. An ...
Rent Security Deposit Insurance Startup Raises $95M
New York City-based InsurTech Rhino recently pulled in $95 million in new financing, money that will propel growth of its security deposit insurance business. Investment firm Tiger Global Management ...