Clearcover News

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, a trade organization working to shape the future of insurance. The letter states …

Markets/Coverages: Clearcover, Experian Team on Embedded Auto Insurance Solution

Digital car insurer Clearcover Insurance Company, said April 26 that it launched an embedded insurance solution in which consumers receive final, bindable quotes when they shop on Experian’s auto insurance comparison shopping service. The initiative supports Clearcover’s strategy to fuel …

Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters

Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will announce on Tuesday. In a statement …

Digital MGA Clearcover Raises $50M; Plans on Entering More States, Becoming Carrier

Clearcover, a digital managing general agent focused on auto insurance, said it has raised $50 million in new financing. The company said the money will be used to accelerate further national growth as well as further its plans to become …

AI-Driven MGA Clearcover Raises $43 Million; American Family Among Backers

American Family Insurance joined a new $43 million financing round for Clearcover, a managing general agent with an artificial intelligence-driven platform focused on car insurance. The Chicago-based insurtech startup said its Series B financing was led by Cox Enterprises. American …

Clearcover Insurtech Announces California Launch

Clearcover, a data-driven auto insurtech startup, announced the California launch of its platform today and that it is officially selling car insurance policies to residents in the state. The Chicago, Ill-based firm is promising that “consumers can save hundreds of …

Chicago-based Clearcover Raises $11.5M to Launch Auto Insurtech Model

Chicago, Ill.-based Clearcover announced an initial funding round of $11.5 million led by Lightbank. Greycroft Partners, 500 Startups, Silicon Valley Bank, and other insurance and fintech investors also participated in the financing. Clearcover will use the funding to scale up …