Tesla CEO Elon Musk will be insuring the company’s board of directors because of high costs, said Business Insider. Musk allotted 54% of his stake in the electric vehicle and clean energy company for the insurance. The CEO will be...
French company Alan was able to raise $54.4 million during the Series C funding round, which was led by Temasek. Tech Crunch reported that the investment is for the startup’s new health insurance product available for the French market. This...
As more and more airlines around the globe cease operations amid the pandemic, one Vietnamese airline, Vietjet, continues to power through by offering a pandemic insurance policy. Under this, passengers are reportedly entitled to $8,465 or up to 200...
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...
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,...
The cancel for any reason (CFAR) travel insurance rider has become more relevant during the COVID-19 outbreak. According to Forbes, travelers who need to call off their trips for any reason including the recent coronavirus spread can do so,...
In the face of the global virus outbreak, more consumers consider buying insurance policies to protect them from financial losses, brought about by the novel coronavirus (NCOV-19). According to online life insurance company Fabric, people are ‘panic-buying insurance policies’...
UK insurance giant Liverpool Victoria (LV) has become the first major insurer to withdraw sales of all travel insurance due to coronavirus outbreak. In a statement published on its site, the well-known insurance brand said it will be halting the...
Insurance officials of the state of California recently joined the number states that criticize the existence of cost-sharing programs that are touted as replacements to traditional plans, said the New York Times. These alternative coverages are becoming popular among...
The Insurance Commission (IC) of the Philippines issued a legal opinion last Wednesday, March 4, 2020, announcing that individuals with a secured policy will be allowed to designate any recipient as his or her beneficiary. According to the IC,...

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