Technology/Science
InsurTech MGA Corvus Raises $32M, With Plans to Counter Complex Cyber Risks
Corvus Insurance disclosed it has attracted $32 million in new financing that will fuel further growth, in part by countering complex cyber risks. The InsurTech-focused managing general agent based ...
Ransomware Attack Knocks Out Systems at Foreign Exchange Firm Travelex
Staff at foreign exchange firm Travelex are using pen and paper to serve thousands of customers after the company said cyber hackers were holding its systems to ransom, leading to a global blackout ...
Farmers Adds Uber Driver Cover to 13 Additional Markets
Farmers Insurance has expanded its commercial auto insurance coverage for Uber drivers into 13 new markets. In all, Farmers said the product is now available to drivers using the Uber App in 14 ...
VC Funding Could Dry Up, InsurTech Exec Says
The days of VC funds and strategic investors throwing money at InsurTechs may be numbered, an InsurTech executive warned fellow startup leaders late last year during a presentation at an InsurTech ...
Start Posting Your Comments Right Now
To all of our Carrier Management readers: Happy New Year! With the advance of 2020, we are also announcing the launch of something new on our website: Readers can now post comments about the stories ...XILO Raises Seed Funding, Hoping to Help Agents Compete With Lemonade
XILO, a San Diego-based InsurTech, announced at the end of 2020 that it has raised just over $2 million in seed financing to fuel development of an SaaS platform for insurance agents. In an indirect ...
Commercial Lines InsurTech Bold Penguin Snatches Up E&S Brokerage Tech Platform xagent
Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for standard and surplus lines ...
Growing Evidence of Vitamin E Acetate Link to Vaping Ills
Most patients stricken in a wave of vaping-related injuries had vitamin E acetate in their lungs, U.S. health officials found, reinforcing a suspected link between the compound and an outbreak that ...