(Reuters) – Health benefits broker Zenefits was fined $1.2 million with New York’s financial services regulator on Tuesday for letting unlicensed employees solicit, negotiate and sell insurance policies, the latest regulatory blow for the software startup. Zenefits in 2014 and 2015 engaged in “repeated” violations of the state’s insurance law, including failures to maintain adequate […]
Insurance tech startup Trov has closed a $45 million Series D funding round led by HSB Ventures, with participation from Oak HC/FT, Suncorp Group, Guidewire, Anthemis, and Japanese insurance giant Sompo Holdings. Founded in 2012, California-based Trov sells itself as an on-demand insurance platform “for the things you love.” So rather than insuring the entirety of your possessions, you can choose […]
GUEST: Do you have car insurance? Health insurance? Homeowners insurance? Chances are you are a customer of at least one insurance company and a policyholder on one or more types of insurance. If so, you should pay particular attention to the fact that the global insurance industry is seeking to harness artificial intelligence solutions. While the […]
Life insurance startup Fabric, a service designed to aid the 37 million American families without life insurance, just expanded coverage across 32 states. Plans start at six dollars a month for $100,000 in coverage. How does a life insurance company qualify as a startup? Because Fabric…
Being scrappy is a trait that every startup founder needs to embrace to find different ways to solve problems while building one’s business. Adam Lyons, cofounder of The Zebra, said in our Tech.Co interview that being scrappy is at the heart of their culture….
Online auto insurance company Insurify announced the close of a $4.6 million funding round today, and the launch of its Facebook Messenger bot that compares insurance rates. The bot asks a series of questions — such as your marital status and education level — and then offers rates from traditional insurance providers like MetLife and Liberty Mutual, as […]
CXA, a Singapore-based startup insurance brokerage — if such a thing can exist — has scooped up $25 million to expand its service that provide policies with a focus on wellness across Asia.
This is a Series B investment and it was led by B Capital, the BCG-backed fund from Facebook co-founder Eduardo Saverin, and EDBI, the investment arm of the Singapore Economic Development Board. Read More
The venture arm of Caterpillar Inc., a major manufacturer of construction and mining equipment, has invested in San Francisco drone tech startup Airware. Rather than make its own unmanned aerial vehicles, Airware has focused its efforts around providing software and services that help large enterprises use drones throughout their operations. Airware’s cloud-based software helps… Read More
Insurance companies love collecting data on their clients. The Internet of Things loves gathering data through every smart device. A match made in tech heaven? That’s what ROC-Connect thinks: It’s partnering with CoreLogic in order to help insurers bring IoT devices to market. The impact could…
Healthcare is changing. Here is what entrepreneurs need to know