customer acquisition costs News

Insurer Pulls Plug on Socially-Conscious Investment Platform Targeting Millennials

In 2017, Pacific Life Insurance Co. introduced a socially conscious, online investing platform tailored to thirtysomethings eager to use their assets to make the world a better place. Those investors proved more expensive and rare than the company thought, and …

Fast-Growing Insurance Matchmaker EverQuote Raises $23 Million

Digital insurance matchmaker EverQuote Inc. reports that it closed a $23 million Series B investment led by Maryland-based Savano Capital Partners, with participation from Stratim Capital, Oceanic Partners and T Capital Partners. Cambridge, Mass.-based EverQuote said it will use the …