7 Insurtechs With Multibillion-Dollar Valuations August 3, 2021 By Alwyn Scott A number of insurtech startups are coming to market through blank-check companies. Here are valuations of several that have announced...
People Moves: Hartford Names Burns to Lead Marketing/Comms; Beazley Promotes Beerli for Specialty Risks, U.S. Programs; Purtill Is CRO at AIG August 3, 2021 Hartford Names Burns as Head of Marketing and Comms, Succeeding Bromage The Hartford has appointed Claire Burns chief marketing and...
AM Best Assigns Credit Ratings, Stable Outlook to Workers’ Comp Writer SUNZ August 3, 2021 AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent)...
Homeowner Insurtech Hippo to Go Public Today as Real Estate Market Remains Hot August 3, 2021 By Alwyn Scott Hippo Enterprises Inc. wants to change homeowners’ insurance by using customer data to make it faster and easier to get...
Infrastructure Bill Includes Safety Technology Mandates for Cars, Trucks August 3, 2021 By Keith Laing and Lillianna Byington New cars will be required to have technology to detect drunk drivers and a system to keep children from being...
Insurtech Attracts $15.5M to Its Commercial, High Net Worth Flood Insurance Platform August 3, 2021 Colorado-based reThought Insurance, a managing general agency focused on the flood insurance market, has secured $15.5 million in investment to...
Mosaic Insurance Launches Transactional Liability Market August 2, 2021 Mosaic Insurance began underwriting transactional liability coverage with a new product launched last month in the United States amid a...
Insurance Broker Gallagher Sued Over Ransomware Attack August 2, 2021 By Andrew G. Simpson Insurance and benefits broker Arthur J. Gallagher is the target of a proposed class action lawsuit over a ransomware attack...
Robot Lawyer DoNotPay, Valued at $210 Million, Plans to Target Small Businesses August 2, 2021 By Gillian Tan DoNotPay, a startup that describes itself as a robot lawyer striving to beat bureaucracy, has more than doubled its valuation...
New Securities Class Actions Including M&As Down But SPAC-Related Suits Up August 2, 2021 Plaintiffs filed 112 new securities class action lawsuits in federal and state courts in the first half of 2021, down...