Blue Cross Blue Shield Venture Partners invested $2 million in BeneStream; a software company that helps employers enroll workers in Medicaid. Bottom Line: Made in Manhattan.

FL-based Fortegra plans to create a specialized mobile phone protection products plan unique to USAA members as both brands are “perfectly aligned for an alliance“. Speaking of USAA, the company was...

CoverHound raises $33.3 million in a funding round led by ACE, bringing its valuation to $103 million. Worth Noting: till now the company focused on offering auto, home and umbrella insurance yet with...

A la ‘it’s better together’; Volkswagen, Allianz, BASF and Bayer plan to establish the “DCSO Deutsche Cyber-Sicherheitsorganisation GmbH“. In English it means a German cybersecurity organization that will operate as the preferred...

Australia-based Youi Car Insurance, which likely just wanted to make an emotional connection with its potential customers, has gotten into hot water with the Ad Standards Board over a TV ad...

Swiss insurance provider, CSS Insurance, may soon start charging higher premiums for those that choose not to participate in its MyStep program, through which the company monitors the step count of people...

India-based online insurance aggregator Coverfox raised more money to ensure it can compete against bigger rival, PolicyBazaar. Bottom Line: a two-year-old startup with over $14 million in funding. Off on a...

California-based startup, Roost, which specializes in smart-home tech, landed $5.5 million in Series A funding from RPM Ventures and a subsidiary of USAA. Roost transforms existing home smoke and carbon monoxide alarms into smart...

AIG and Axis are reportedly the unlucky insurers behind the ‘life’s short, let’s get lucky’ website known as Ashley Madison. Recall: the adultery website was hacked last month in a breach that exposed...

Censio startup partners with Progressive to track and reward good drivers. Think: lower car insurance premiums. Fun Fact: backed by Sheryl Sandberg and Bain Capital Ventures to name a few funders. Bottom Line: “Fitbit for drivers” in...

SoFi, which is the hip name behind Social Finance, raised ~$1 billion more from investors bringing its valuation to ~$4 billion. Industry: Fintech via refinancing of student loans; but not...

State Farm is partnering with Lively to provide the elderly a medical alert device that will track their activity through sensors placed throughout their home. Customers are eligible to receive the Lively system through...

“These big insurance companies need to look to the future, and a big part of it is they have to team up with startups and team up with people who...

Majesco a global provider of core insurance software, consulting and services for insurance business transformation, today announced that Society Insurance (Society) successfully completed their implementation of Majesco’s Cover-All Policy, going live...