Wednesday, July 28, 2021
U.S. President Joe Biden took executive actions to reopen the federal marketplaces for the Affordable Care Act (ACA) with COVID-19 coverage. An executive order signed by Biden indicates a 90-day enrollment period on Healthcare.gov for the insurance marketplace that will...
French insurance technology startup company LeoCare raised €15 million (approximately $18.1 million) in its Series A funding round. The investment round was led by Felix Capital, Ventech, and Daphni. LeoCare is an insurtech company that specializes in offering its customers...
Insurance technology company Lemonade seeks to raise an initial amount of $466 million as part of its underwritten public offering, states the Intelligent Insurer. However, as the company announced its secondary offering to the public, stock prices went down...
With the ongoing global pandemic, the number of Americans who brought life insurance increased by seven percent, according to MIB Group. The data-sharing service for insurance companies tracked the flood of applications in the past year, with coronavirus or COVID-19...
The number of people who enrolled for the health insurance exchange in Georgia increases by 10 percent, reaching half a million by 2021. With the ongoing global pandemic, a lot of people especially unemployed individuals signed up for health insurance...
Insurance technology startup Wefox recently revealed its predictions for 2021 and said that the year will be a profitable one, said Insurance Journal. It foresees revenue of $365 million (300 million euros). The startup is expected to double its revenue...
Swiss insurance company Zurich Insurance Group will be adding Metlife Inc’s auto and home insurance business to its portfolio for $3.94 billion in cash, said The Wall Street Journal. This move is expected to reflect significant growth in the...
All Major League Baseball teams are working to file a suit against insurance providers in light of billion-dollar losses during the 2020 season, said the Associated Press. The losses were sustained due to the pandemic. Several insurance companies were hit...
Car management platform Caura is set to offer its own auto coverage through the so-called “Caura Project,” said Tech Crunch. This new product is intended to make getting car insurance more affordable and streamlined. The UK-based app was created in...
Mumbai-based insurance technology firm Turtlemint has successfully raised $30 million in its recent Series D funding round. The Indian startup company helps provide users with the right insurance policies focusing on health, life, and motor segments. In particular, the Economic...

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