InsurTech News
Tech Bytes: New Partnerships at Verisk, INSTANDA, bolttech
Verisk, a global data analytics and technology provider, has expanded its collaboration with the National Fire Protection Association to provide wildfire risk and mitigation data from its Firewise ...
Nearmap Announces Agreement to Acquire Betterview
Nearmap, a location intelligence and aerial imagery solutions provider, has signed an agreement to acquire Betterview, a property intelligence and risk management platform in the insurance industry. ...
Former Root Marketing Exec Pleads Guilty to Taking Over $10 Million From the Insurer
Brinson Caleb "BC" Silver, former chief marketing officer for InsurTech Root, has pleaded guilty to stealing more than $10 million from his former employer and violating ...
Several InsurTechs Unite to Launch InsurTech Coalition
Members from several InsurTechs, including Boost, Branch, Clearcover, Lemonade and Root Insurance, published an open letter to the insurance industry announcing the launch of the InsurTech Coalition, ...
What to Expect: 8 InsurTech Predictions for 2024
2023 has been a tough year for InsurTechs to raise the Venture Capital they need to grow. Investors turned their backs on whole categories like full-stack carriers and direct-to-consumer startups. ...
Root Inc. Files for Default in Litigation Against Jailed Former CMO
The nearly year-long saga involving Root Inc. and its former chief marketing officer continues – with him in county jail. Brinson Caleb "BC" Silver, Root's CMO from November 8, 2021 to November 9, ...
CoverForce Announces Product Suite Following Last Year’s $5M Seed Round
CoverForce, an independent insurance platform bringing comparisons and one-click buying to commercial insurance, unveiled its suite of products made for agency networks, wholesalers, and software ...
Lemonade Expects to Be in the Black Within Three Years
While Lemonade is still burning cash and reported a net loss on the bottom line of its third-quarter income statement, the InsurTech expects both situations to reverse by year-end 2026. The cash ...