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Accelerant partnered with WoodStar Reciprocal Exchange AmTrust Financial partnered with Samsung Electronics PolicyStreet raised $5M Crestwell Underwriters picks Convr in Underwriting TCP Insurance partnered with Sensible Weather Southern Cross Travel Insurance partnered with Blink Parametric Agentero partnered with Berkshire Hathaway GUARD PEMCO picks Moen in Risk Mitigation Ember Mutuals picks Kyber in Claims Kinetic Insurance Services picks Quotech in Underwriting Stand Insurance Solutions picks Moen in Risk Mitigation Adaptive Insurance raised $5M Data Science Wizards raised $5M Wefox raised $7.97M SageSure raised $460M

Farmers introduces simpler coverage tools and refreshed brand

By Shefi Ben-Hutta

Coverager first reported on Farmers Coverage on a Page in May, following the insurer’s trademark application for the offering.

Business

Anzen partners with Carta

By Gabriella Ben-Hutta ·

Any Carta customer applying for D&O insurance via Anzen can automatically sync their cap table and receive D&O insurance quotes in hours.

Business

Cruise pauses all driverless robotaxi operations

By Avi Ben-Hutta ·

Earlier this week, the California DMV suspended Cruise’s testing permits.

Business

battleface partners with Stella Insurance

By Avi Ben-Hutta ·

The companies are partnering to offer travel insurance.

Business

At-Bay launches new cybersecurity solution

By Avi Ben-Hutta ·

The solution is designed to help emerging and mid-sized businesses advance their security defenses.

Member News

License and Registration, Please: 5 Questions Insurance Agents Shouldn’t Answer without a Securities License

By AgentSync ·

Five client questions insurance agents shouldn’t answer without a securities license and why.

Financials

Hippo lays off approximately 20% of staff

By Shefi Ben-Hutta ·

Hippo primarily operates as a personal property insurer and has raised over $1.2 billion since its inception.

Business

Liberty Mutual plans workforce cuts

By Avi Ben-Hutta ·

The company is eliminating 850 positions.

Business

Uber begins offering rides in self-driving Waymo cars

By Avi Ben-Hutta ·

The rides will be the same price as the traditional car rides Uber offers.

Business

bp announces deal with Tesla

By Coverager ·

bp will acquire ultra-fast charging hardware units from Tesla for $100 million.

Member News

AgentSync Raises $50M in Funding to Drive Operational Efficiencies For Insurers and Distributors

By AgentSync ·

AgentSync doubles down on building the most modern and connected producer management and compliance solutions to provide flexibility in distribution channels for carriers, agencies, and MGAs

Investments

Upfort raises $8 million

By Avi Ben-Hutta ·

Upfort offers cyber security protection to SMEs.

Investments

Assureful raises $1.5 million

By Avi Ben-Hutta ·

The Lloyd's of London Coverholder is licensed across the US.

Business

Acrisure forms Southwest Region

By Coverager ·

Partners in Southern California, Nevada, Arizona and New Mexico will now operate as Acrisure.

Business

LULA’s AI becomes the first to pass insurance licensing exams

By Gabriella Ben-Hutta ·

LULA is a provider of insurance software for vehicle fleet operators.

Financials

CapitalSG acquires BIMA MILVIK

By Gabriella Ben-Hutta ·

The transaction comes as BIMA MILVIK completes a restructuring plan to optimize its global functions and teams, setting it on course to achieve breakeven profitability in 2024.

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Member News

Dearborn Labs Announces Launchpad, an AI Insurance Accelerator That Funds and Builds AI Infrastructure for MGAs

By Alec Martins, Clearcover ·

Regulators Don’t Want an AI Policy. They Want Receipts.

By Yo Sub Kwon, Voltaire ·

3 technology must-haves to build distribution velocity

By Vertafore ·

HomeBinder, InspectionGo's Homeownership Solution, Launches Home Insurance Shopping

By Mary Clare Riordan, Bindable ·

Applied Announces Submissionless Commercial Insurance Experience with Travelers as First Anchor Carrier Partner

By Michael Streit, Applied Systems ·

Vertafore introduces Velocity AI Submission Processing Agent to help MGAs move from submission to decision faster

By Vertafore ·

Zywave Launches Zywave Apex™, the First Growth-Focused AI Platform Purpose-Built for Insurance Distribution

By Zywave ·

L+M Development Partners Goes Live with Five Sigma's AI-Native Claims Platform and Clive™

By Oded Barak, Five Sigma ·

Zywave CEO Martin Simoncic: Why Insurance Needs a Different Conversation around AI

By Zywave ·

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