Technology & Analytics
Bunker, a Small Business Digital Insurance Marketplace, Raises $6M Series A
Bunker, a startup broker focused on independent contractors and small businesses, has raised $6 million in Series A funding that will help fuel product development and expansion. Hiscox and American ...
Concrete Steps Carriers Can Take to Help Insureds Improve Cybersecurity
Increasingly, businesses are turning to cyber liability insurance to help manage cyber risks. A recent report from Allianz forecasts that cyber insurance premiums will grow from around $2 billion in ...
InsurTech Startups Root, Slice, Lemonade Disclose State Expansions
InsurTech startups Root, Slice and Lemonade each announced they've expanded their operations into new states. Root, an auto insurance startup, said it can now do business in Arizona after debuting in ...American Family Using Smartphone App in UBI Driver Safety Program
The average driver spends more than 10 percent of every trip using a smartphone, according to TrueMotion, a technology company that has teamed up with American Family to improve driver safety and ...
State Farm to Displace 4,200 Workers and Exit 11 Locations
State Farm Mutual Automobile Insurance Co., the largest U.S. home and auto insurer, plans to shut 11 U.S. facilities, displacing about 4,200 workers, after a $7 billion annual underwriting loss last ...
Nationwide, Markel, Munich Re Help Back Next Insurance’s $29M Funding Round
Digital Insurance startup Next Insurance nailed down $29 million in Series A funding, with an investor roster that underscores how many old-school carriers are hedging their bets on technology-fueled ...
Aon to Expand Focus on Data, Analytics After Sale of Outsourcing Platform
Aon has completed the $4.3 billion cash sale of its benefits administration and HR business process outsourcing platform to Blackstone-affiliated private equity funds. The sale will generate up to ...
Insurance Startup Root Hires Ex-State Auto Exec Powell as Its CFO
Insurance startup Root is tapping a former State Auto executive Cindy Powell as its chief financial officer. Powell had been at State Auto Insurance Companies for 26 years, and served as its first ...