Wednesday, July 15, 2020
Toutiao, a news aggregator app run by Bytedance Technology, notified its users on July 18 that a broad range of insurance products can now be purchased again online through the app. According to a report from Asia Times, the Beijing-based...
California residents in fire-prone areas find themselves without fire insurance as insurers start discontinuing their policies, said Fox Business. This came after the disastrous wildfires in the state that occurred just last year. Reports said that insurers are refusing to...
The cybersecurity insurance company Coalition has raised $40 million in Series B funding. Ribbit Capital, a venture capital firm, poured on the fund together with Greenoaks Capital and Hillhouse Capital. With the new funding, Coalition will extend its data platform that...
The recent virus outbreak has caused companies and organizations to cancel or postpone their events. These entities now scamper to find insurers that provide pandemic coverage, in light of possible losses and decrease in revenues, reported NBC News. Axel Rakette,...
Pennsylvania is set to roll out its own online health insurance exchange to replace the one run by the federal government for the residents of the state since 2014. The Republican-dominant state legislature gave the authorization on the move late...
The Trump administration proposes a new plan that will change how risk will be computed under the National Flood Insurance Program (NFIP). According to analysts, this program could increase the country's flood insurance premiums while property values drop in the...
Four out of five US drivers have seen their car insurance rise in the past year, car insurance search engine The Zebra said in its annual report. Zebra revealed a 23% increase in rates across the country since 2011, with...
In the past few weeks, numerous California-based insurers have dropped thousands of home insurance policies for homeowners living in wildfire-prone areas. Nearly 350,000 cases have been affected by the decision of these companies. According to CBS San Francisco, the decision...
The Liberty Company Insurance Brokers (LCIB), announced Wednesday, August 28, it has entered into a definitive partnership with Moody Insurance Group of Ft. Lauderdale, Florida. This marks Liberty’s first business venture outside of California. According to a report from PR...
Ohio-based insurtech company Coterie raised $8.5 million Series A funding as it plans to specialize in the commercial insurance market. The new funding round was led by venture companies RPM Ventures, Allos Ventures, and others. Coterie is also bringing...

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