Clearcover, the digital car insurance startup, revealed on Tuesday that it has secured $200 million in a Series D funding round led by Eldridge, the venture fund of Todd Boehly’s Los Angeles Dodgers. The insurance company headquartered in Chicago did...
Mitsui Sumitomo Insurance expects to invest up to 500 billion yen in acquisitions between now and 2023. It is building an M&A fund centered on North America. Due to a challenging earnings situation in Japan, the Japanese insurance firm aims...
Electric vehicle manufacturer Tesla Inc. is looking to roll out its offshoot insurance business outside of California to accommodate more customers in different states. Tesla Insurance, which was launched in 2019, offers comprehensive auto insurance for those who own models...
Specialty insurer and newcomer Mosaic Insurance has entered the market to provide war, terrorism, and political unrest coverage reported Insurance Business Magazine. These products can be considered primary, excess, or quota share insurance. This new insurer has offices in London...
The UK government’s Film and TV Production Restart Scheme has been extended to December 31, 2021, for productions in need of insurance for risks associated with Covid-19. The announcement was made by Chancellor Rishi Sunak in his recent Budget...
Following a dispute on key man insurance policy over the death of Maroon 5 manager, Houston Casualty Company (HCC) was ordered by the court to pay Roc Nation $12 million for the policy claim. Late manager Jordan Feldstein died of...
Paris, France-based artificial intelligence (AI) platform for advancing insurance distribution Zelros successfully raised $11 million in its Series A funding round. With the recent investment, Zelros announced in its press release last February 24, 2021, that its total funding...
Insurance Panda, a New York City-based provider of auto insurance quotes, has posted a new article on its website that discusses a relevant topic - using bitcoin to pay for auto insurance premiums. According to a company representative, Insurance Panda...
Insurtech company Kin Insurance has recently surpassed $10 billion in total insured property value, according to PRWeb. This shows a growth of around 400% in written premiums during the fourth quarter of 2020 compared to 2019 figures. The firm has...
Illinois-based insurance company Allstate reported a drop in policy renewals of about 87.5 percent in 2020, the worst rate since 2001. The company stated that there was a decline in the policies at the end of 2020, about 0.5 percent...

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