Startup Loop Wins Funding for Fairer Auto Insurance Rating Model That Uses AI January 19, 2021 Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP...
Business Startups Surged Amid Covid-19 Pandemic January 19, 2021 By Michael Sasso and Steve Matthews The surge of U.S. business formations in the back half of 2020 has been one of the pandemic’s many surprises....
Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers January 19, 2021 Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder – Jeffrey...
How Climate Change May Affect Hurricane Risk and Losses: AIR, Brookings, AXIS January 19, 2021 By 2050, climate change-related weather events will have a meaningful impact on future hurricane losses, increasing them by 20% or...
Applied Specialty Underwriters Names Black to Lead Middle Market Surplus Lines January 19, 2021 Applied Underwriters has named John Black, Sr., CPCU, to lead its expansion into middle market surplus lines. As executive vice...
Lawmakers Sought to Ban Facial Software Being Used to ID Capitol Attackers January 19, 2021 By Paresh Dave U.S. lawmakers are moving ahead with efforts to ban facial recognition software even as the technology helps identify supporters of...
AM Best, Moody’s Rate Personal Lines Insurance Market Outlook as Stable January 19, 2021 AM Best kept its stable market segment outlook on the U.S. personal lines insurance segment for 2021, citing the segment’s...
Expecting the Unexpected: Cyber Lessons from COVID and What Could Be Ahead January 15, 2021 By Elizabeth Blosfield What is the biggest lesson that cyber insurers should carry into 2021 after a year in which the COVID-19 pandemic...
Delivery Company Offers Gig Workers $25 to Get COVID Vaccine January 15, 2021 By Uday Sampath Grocery delivery company Instacart said on Thursday it would pay $25 to its over half-a-million gig workers if they chose...
Lemonade Eyes Sale of 3 Million Shares in Secondary Offering January 15, 2021 By Mark Hollmer Digital insurer Lemonade has announced plans to sell 3 million shares of common stock to raise money for “general corporate...