insuretech 2016 News

Crawford Buys Majority Stake in ‘Uber-Like’ Field Inspection Firm WeGoLook

Global claims management firm Crawford & Co. has acquired a majority interest in WeGoLook, an online and mobile inspection firm that calls itself the “Uber of inspections.” Crawford said it agreed to pay $36.1 million for an 85 percent stake …

Insurtech Lemonade Wins $34 Million in New Funding As It Readies for West Coast Expansion

Lemonade, the home and renters insurance company run by artificial intelligence and behavioral economics, announced a $34 million B round of funding. The latest round was led by General Catalyst with participation from GV (formerly Google Ventures), Thrive Capital and …

Small Business Insurance Site CoverWallet Pulls In $7.8 Million in Funding

Online commercial insurance agency CoverWallet announced it has received $7.8 million in funding in a Series A round led by Union Square Ventures, bringing its total raised to date to $9.5 million. In addition to Union Square Ventures, Index Ventures …

Indio, Tech Startup for Commercial Insurance Brokers, Raises $2 Million

Indio, a commercial insurance platform for brokers that aims to do what Sabre did for travel agents or Schwab did for wealth managers, said it has secured $2 million in seed financing. Venture capital firms NEA, Compound, Merus Capital and …

Betting on the Insurance Industry of Tomorrow at InsureTech Conference

There was a great turnout for the future of the insurance industry this week in Las Vegas. The occasion was the first InsureTech Connect Conference, which brought together an estimated 1,500 tech entrepreneurs, investors and insurance executives from around the …