ICT Estimates Hurricane Harvey Insured Losses at $19 Billion

The Insurance Council of Texas (ICT) has placed the insured losses from Hurricane Harvey at $19 billion . On August 25, Harvey came ashore, as a category 3 hurricane with…

AmTrust Financial Services, Inc. Announces Sale of Personal Lines Policy Management System to National General Holdings Corp. for $200 million

AmTrust Financial Services, Inc. announced today the sale of the personal lines policy management system (“policy management system”) it developed for National General Holdings Corp. (“National General”), to National General. AmTrust…

Dear SoFi Management: “Don’t Hire Your Spouse”

Michael Cagney, CEO and cofounder of modern lender-turned-insurer SoFi, will be stepping down from his role by the end of the year, following allegations of sexual misconduct and fraudulent actions by managers….

A Note From SoFi CEO Mike Cagney

Cofounder and CEO Mike Cagney sent the following message to SoFi employees :   All, It is with a heavy heart that I am announcing that I will step down…

Live in Zaha Hadid’s NYC Apartment or Purchase Coya.com?

  Know what else $22,500 can buy? It can allow one to live at 520 West 28th Street, NYC, for one month. Just one. That’s the exact location of High Line, an apartment…

Munich Re Digital Partners Picks Up Another Ridesharing Platform

  UK-based ridesharing platform Drover is announcing its collaboration with Munich Re Digital Partners to launch a car insurance product for fleet owners and ridesharing drivers. Established in 2015, Drover allows…

Alison Kangas vs. Lemonade

Meet Alison Kangas. Her Facebook profile was created on September 9, 2016; the same month that Lemonade launched its renters and home insurance products in New York. A quick image search yields the following: Alison…

CoverWallet Appoints New COO

Meet Paul Rosen:   Bottom Line: Rashmi Melgiri is sticking to the title ‘cofounder’, compared to ‘COO & co-founder’. PS. While on the subject of CoverWallet. Starr recently announced that it has purchased a minority…

When Your Frequent Five Words Are “Sorry for The Inconvenience Caused”

  Rumor has it that PolicyBazaar may be announcing a cash injection soon . Recall: PolicyBazaar is an Indian insurance aggregator launched in 2008 to offer a comparison service for financial and…

EverQuote Appoints Jayme Mendal As Chief Revenue Officer

EverQuote, the largest online insurance marketplace, today announced the appointment of Jayme Mendal to the newly created position of Chief Revenue Officer. In this role, Mendal will focus on accelerating revenue growth…

Insurtech Pros on The Move

Coverfox Online insurance marketplace Coverfox has appointed Premanshu Singh as its new CEO, as cofounder and ex-CEO Varun Dua moves to head Acko General Insurance, the Mumbai-based insurer, that has so…

Anne Melissa Dowling Accepts Advisory Role with Carpe Data

Carpe Data, the leading provider of next-generation data products for the insurance industry, announced today that former Illinois Director of Insurance, Anne Melissa Dowling, CFA, will be joining the company’s…

Home Telematics Innovator Roost Announces $10.4M Series B Funding Round

Roost, a leader in Home Telematics for property Insurance carriers and creator of the Roost Smart Battery and the Roost Smart Water Leak and Freeze Detector solutions, today announced it…

Surely, Something Went Wrong vs. Surely a Better Way

In 2014, London-based Surely announced the launch of its cloud-based “Quote & Buy” platform, designed to enable insurers to rapidly launch insurance products into the market. The system presents pre-sales information, provides…

Lazada Malaysia Partners With AIG Malaysia To Be The First To Launch Affordable Insurance Online

KUALA LUMPUR, Aug 22, 2017 – Leading e-commerce platform, Lazada Malaysia, today announced a partnership with AIG Malaysia, subsidiary of American International Group, Inc (NYSE:AIG), to provide a more convenient,…

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