Posts filtered by tags: Insurance[x]


 

ifeel, another well-being platform that blends self-care tools with 1-2-1 therapy, scores $6.6M

If the pandemic has been good for anything it’s been good for the therapy business and for startups targeting mental health, with VCs kept very busy signing checks. To wit, here’s another one: Madrid-based ifeel has bagged €5.5 million (~$6.6M) in Series A funding, led by Nauta Capital. The startup was founded back in 2017 — initially as a consumer-focused therapy platform — but last year it pivoted to a hybrid business model, tapping into demand from businesses to offer staff emotional support ...
Tags: Health, Fundings & Exits, Europe, UK, Mexico, France, Germany, Singapore, Israel, Insurance, Tech, Spain, Meditation, Mindfulness, Mental Health, Therapy


4 Steps For A Stress-Free Home Insurance Claim

Whether it’s your car, your home or even your business, insurance can protect you against disaster in all aspects of your life. It helps you manage the financial burden during difficult... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tags: Money, Parenting, Insurance, Money Tips, Steps For A Stress Free Home Insurance Claim


Court Affirms Denial of Cross-Motions for Summary Judgment in Cyber Claim

    The appellate court found that cross-motions for summary judgment filed by the insured and insurer for a claim arising from computer fraud were properly denied. G&G Oil Co. of Ind. v. Cont'l W. Ins. Co ., 2021 Ind. LEXIS 182 (Ind. March 18, 2021).      G&G Oil discovered one morning it was locked out of its computer system. Its hard drives were encrypted, and one screen prompted: "To decrypt contact [email user]. Enter password." In order to decrypt the contents of its own drives, G&G Oil b...
Tags: Supreme Court, Insurance, Fbi, Continental, Court of Appeals, Tred Eyerly, First Party Insurance, Cyber Risk, G G Oil Co of Ind, Cont l W Ins Co, G G Oil, G G Oil G G Oil, G Oil, Therefore G G Oil


Sprout.ai raises $11m Series A led by Octopus Ventures to apply AI to insurance claims

It was way back in 2018 that Omni:us appeared to disrupt the insurance market by applying AI to this most legacy of all industries. It has now gone on to raise $44.1 million. In a similar vein, Shift Technology in France has raised $100 million. Now a UK startup aims to do something similar, but this time it will be coming out of the key market of the UK, where the insurance industry is enormous. Sprout.ai is an insurtech startup that use AI to help instance companies to settle claims within 24 ...
Tags: TC, Europe, UK, France, Insurance, Tech, Ceo, Artificial Intelligence, United Kingdom, South America, TechStars, Zurich, OCR, Playfair Capital, Octopus Ventures, APAC


Insurance Agents/Brokers – Risk Management Matters

For insurance agents & brokers, a recent case highlights the importance of good risk management procedures, particularly documenting a thorough process. Agents and brokers risk management can provide protection from claims, and reduce an agency’s E&O insurance premiums.
Tags: Insurance


Insurer's Motion to Dismiss Class Action COVID-19 Claim Denied

    The insurer's motion to dismiss a nationwide class action suit arising from shutdown orders after the COVID-19 pandemic was rejected by the court. Back2health Chiropractic Ctr. v. Sentinel Ins. Co ., 2021 U.S. Dist. LEXIS 42791 (D. N.J. March 15, 2021).      Back2health sought coverage under its all-risk policy after stay-at-home and business restrictions were implemented. The complaint alleged the policy covered some of Back2health's financial losses. The insurer denied the claim due to la...
Tags: Insurance, New Jersey, Third Circuit, Sentinel, Tred Eyerly, Business Interruption, First Party Insurance, All-Risk Policy, Sentinel Ins, Sentinel Sentinel, COVID-19, Back2health Chiropractic Ctr, Fed R Civ P Sentinel


Fabric Life Insurance Review: Get Term Life Insurance Quotes

Fabric is a great term life insurance option for those who want to quickly obtain coverage. Here's a look at what Fabric Life has to offer. The post Fabric Life Insurance Review: Get Term Life Insurance Quotes appeared first on Bible Money Matters and was written by Lorraine Smithills. Copyright © Bible Money Matters - please visit biblemoneymatters.com for more great content.
Tags: Review, Marketing, Insurance, Life Insurance, Lorraine Smithills, Fabric Life Insurance Review, Fabric Life


The era of the European insurtech IPO will soon be upon us

Phil Edmondson-Jones Contributor Share on Twitter Phil Edmondson-Jones is a principal at Oxx, the specialist SaaS VC backing Europe and Israel's most promising B2B SaaS businesses at the scale-up stage. Once the uncool sibling of a flourishing fintech sector, insurtech is now one of the hottest areas of a buoyant venture market. Zego’s $150 million round at unicorn valuation in March, a rumored giant incoming round for WeFox, ...
Tags: Startups, MetroMile, Column, Europe, Finance, Ipo, Israel, Insurance, Tech, Risk Management, Fintech, Insurtech, EC Column, EC Fintech, Phil Edmondson Jones


Earnings insurance ‘should be permanent feature of UK welfare system’

Resolution Foundation says pandemic has highlighted pre-crisis flaws in welfare stateThe government needs to learn lessons from its furlough scheme and make earnings insurance a permanent feature of a radically reformed welfare system, a thinktank has said.The Resolution Foundation, which focuses on the needs of middle- and low-income households, said emergency action during the pandemic had protected living standards but also highlighted pre-crisis flaws in the welfare state. Continue reading.....
Tags: Business, UK, Money, Insurance, UK News, Insurance industry, Resolution Foundation, UK job furlough scheme


COVID-19 Claim Survives Motion for Judgment on the Pleadings

    In a well reasoned decision, the Superior Court in California denied the insurer's motion for judgment on the pleadings on a business interruption claim arising from COVID-19. Boardwalk Ventures CA, LLC v. Century-National Ins. Co., et al. , 2021 Cal Super. LEXIS 35 (Cal. Super. Ct. March 18, 2021). The decision is .      The insured operated a restaurant. After the pandemic struck and shut-down orders were issued, the insured submitted a claim for losses due to the suspension of its opera...
Tags: California, Insurance, Superior Court, Tred Eyerly, First Party Insurance, COVID-19, COVID, Boardwalk Ventures CA LLC, Century National Ins Co


California Federal District Court Denies, in Part, Insurer's Motion to Dismiss COVID-19 Business Interruption Claim

    In another victory for policy holders on business interruption claims arising from COVID-19, the federal district court denied the insurer's motion to dismiss on one of two claims. Kingray Inc. v. Farmers Group Inc., et al. , 2021 U.S. Dist. LEXIS 41300 (C. D. Cal. March 4, 2021).     Plaintiff Kingray Inc., who operated a sports bar and grill, and Plaintiff Nora's Style Salon, Inc. filed suit against Farmers when business interruption coverage was denied under plaintiffs' all risk policies...
Tags: Insurance, Farmers, Nora, Tred Eyerly, Business Interruption, All-Risk Policy, Farmers Group Inc, California Federal District Court, COVID-19, COVID, Kingray Inc, Plaintiff Nora s Style Salon Inc, Kingray


Delaware Court Determines Coverage Under Directors and Officers Policy

    The Delaware Supreme Court affirmed the trial court's finding of coverage under the Directors and Officers policy. RSUI Indemn. Co. v. Murdock, 2021 Del. LEXIS 90 (Del. March 3, 2021).     In November 2013, Murdock, director and CEO of Dole Food Company, Inc., took the company private through a merger transaction in which Murdock acquired all of Dole's stock not already owned by him. The merger was approved by a 50.9% vote of disinterested stockholders. After the merger closed, Dole stockh...
Tags: California, Insurance, Delaware, Dole, Murdock, Delaware Supreme Court, Dole Food Company Inc, Tred Eyerly, Director's and Officer's Insurance, RSUI Indemn Co, RSUI, Profit Fraud Exclusion, First Lawsuit


Claims against Broker for Insufficient Coverage Fail

    After a coverage dispute for damage caused by Hurricane Harvey was settled, the insured's claims against its insurance broker for providing insufficient coverage were dismissed. Hitchcock Indep. Sch. Dist. v. Arthur J. Gallagher & Co. , 2021 U.S. Dist. LEXIS 57452 (S.D. Texas Feb. 26, 2021).      The School District suffered $3.5 million in property damage after Hurricane Harvey struck. Its insurers denied coverage and the School District sued. During the litigation, the School District lea...
Tags: New York, Texas, Insurance, Arthur J Gallagher Co, School District, Tred Eyerly, Hurricane Harvey, Broker's Negligence, Hitchcock Indep Sch Dist, The School District


9 Surprising Ways to Save on Car Insurance

When it comes to car insurance, we all know that lowering our rates depends on raising our deductible, dropping unnecessary coverage, and keeping our driving records clean. However, there are other ways to save on car insurance—methods that might not occur to the average driver. Here are five surprising ways to lower your car insurance costs. How many do you know? 1. Switch the drivers around. This doesn’t work in every state, but there could be a big price difference by switching which driver ...
Tags: Saving Money, Car Insurance, Marketing, Insurance, DMV, GPA


Insurtech startups are leveraging rapid growth to raise big money

The investment landscape for insurtech startups is off to a hot start in Q2 2021. Since the end of the first quarter, we’ve seen several players in the broad startup category announce new capital, including Clearcover , Alan , Next Insurance  and The Zebra . But, as anyone who’s familiar with startups that offer insurance-related products and services knows, the sector is enough of a mixed bag that one needs to segment down to get clarity on how constituent companies are performin...
Tags: Fundings & Exits, Startups, TC, Insurance, Tech, Toyota, Alan, Exchange, Gabi, The Zebra, Insurify, Insurtech, The Exchange, Clearcover, EC Newsletter, EC Fintech


FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access, and usually competitively priced — than those typically provided their bigger, incumbent rivals. Now, a startup out of Romania that is building tools to help the incumbents respond with better services of their own is announcing a significant round of funding as its business grows. FintechOS,...
Tags: TC, Europe, UK, Enterprise, Finance, Funding, Insurance, Tech, Romania, Kpmg, Fintech, Coo, Draper Esprit, Digital Banking, Cagr, Societe Generale


Alan raises $220 million for its health insurance and healthcare super app

French startup Alan has raised a $220 million funding round at a $1.67 billion valuation (€185 million and €1.4 billion respectively). Coatue is leading the round with Dragoneer, Exor, and existing investors Index Ventures, Ribbit Capital and Temasek also participating. Alan has been building health insurance products from scratch. When I first covered the company back in 2016, the startup had just managed to get approval from regulators to become an official health insurance company. Since then...
Tags: Health, Fundings & Exits, Startups, Europe, France, Insurance, Tech, Spain, Healthcare, Alan, Temasek, France Belgium, Coatue, Insurtech, Index Ventures Ribbit Capital, Jean Charles Samuelian Werve


Level raises $27M from Khosla, Lightspeed ‘to rebuild insurance from the ground up’

Level , a startup that aims to give companies a more flexible way to offer benefits to employees, has raised $27 million in a Series A funding round led by Khosla Ventures and Lightspeed Venture Partners . Operator Collective and leading angels also participated in the financing, along with previous backers First Round Capital and Homebrew . The round was reportedly raised at a “nine-figure” valuation, but the company did not provide more specifics. Founded in 2018, New Y...
Tags: Startups, TC, New York, New York City, Startup, Insurance, Tech, Employee Benefits, Square, Fintech, Lightspeed Venture Partners, Khosla, Khosla Ventures, First Round Capital, Level, Thistle


Dental Practice Survives Motion to Dismiss on COVID-19 Claim

    The insured dental practice survived a motion to dismiss its business interruption claim arising from closures due to the coronavirus pandemic. Derek Scott Williams PLLC v. Cincinnati Ins Co ., 2021 U.S Dist. LEXIS 37096 (N.D. Ill. Feb. 28, 2021).      On March 22, 2020, the Texas governor issued an order postponing all elective surgeries and non-emergency medical dental procedures. The insured dental practice complied with the order and did not resume normal business operations until May 4...
Tags: Texas, Insurance, Cincinnati, Tred Eyerly, Business Interruption, First Party Insurance, Cincinnati Ins, COVID-19, Derek Scott Williams PLLC


Fathom continues acquisition spree with E4:9 Holdings

Fathom Holdings has purchased E4:9 Holdings and its three mortgage, insurance and lead generation subsidiaries for $26.75 million.
Tags: Technology, Insurance, Radio, Holdings, Brokerage, Select, Josh Harley, Title Services, Fathom Holdings, E4:9 Holdings, Mortgage Services


Ransomware Perfect Storm

Ransomware attacks are up and are creating challenges for SMBs and for their Cyber Risk Insurers. And we may be facing a perfect storm for continued ransomware attacks. Proactive steps to reduce exposures combined with Cyber Risk Insurance can greatly reduce financial and operational exposure to cyber risks – make sure you have the right Cyber Risk Insurance.
Tags: Insurance


Why You Should Think Twice About Buying a Home with a Swimming Pool

Home renovation and real estate shows almost always paint backyard pools in a positive light, but they come with significant maintenance, repair, and insurance costs that you may not think about when you’re buying a home. Whether you plan to install a pool—which is a bad idea if you’re trying to make your money back…Read more...
Tags: Google, Home Improvement, Articles, Insurance, Maintenance, IAC, Construction, Lifehacks, Cost, Homeadvisor, Swimming Pool, Academic Disciplines, John Hutchings


Insurer's Motion to Dismiss COVID-19 Claim Denied

    The federal district court denied the insurer's motion to dismiss the hotel's claim for business interruption coverage. Sunstone Hotel Investors, Inc. v. Endurance Am. Spec. Ins. Co. , No. SACV 20-02185, (C.D. Cal. Feb. 26, 2021).      From February 24 to 27, 2020, the insured hotel hosted an international meeting of leaders from biotechnology company Biogen, Inc. After the hotel was notified on March 4, 2020, that three attendees tested positive for coronavirus, the hotel closed on March 1...
Tags: Insurance, Biogen Inc, Tred Eyerly, Business Interruption, First Party Insurance, COVID-19, Sunstone Hotel Investors Inc, Endurance Am Spec Ins Co, Nowhere in Section D


Hawaii Supreme Court to Hear Bad Faith Case

    The Hawaii Supreme Court has granted certiorari to hear an appeal from the Intermediate Court of Appeals decision in Carvalho v. AIG Hawaii Insurance Company, 148 Haw. 370, 477 P.3d 164 (Haw. Ct. App. 2020). A summary of the ICA decision is here. The ICA reversed the trial court's granting of summary judgment to AIG on the bad faith count.     Thanks to my blogging colleague, Mark Murakami (www.hawaiioceanlaw.com), for notifying me of the cert grant. [Author: Tred Eyerly]
Tags: Insurance, Aig, ICA, Hawaii Supreme Court, Carvalho, Tred Eyerly, Bad Faith, Intermediate Court of Appeals, Mark Murakami, AIG Hawaii Insurance Company


Policygenius review: Compare quotes for car insurance, homeowners insurance, and more

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. Table of Contents: Masthead Sticky Policygenius is an insurance marketplace where you can compare rates for different insurance types. Policygenius offers quotes on a variety of insurance types, from life insurance to pet insur...
Tags: Amazon, Personal Finance, Trends, Insurance, Health Insurance, Life Insurance, American Express, Better Business Bureau, Travel Insurance, Expedia, PolicyGenius, Auto Insurance, Amazon Gift Card, The Zebra, Insurify, Disability Insurance


Austin’s newest unicorn: The Zebra raises $150M after doubling revenue in 2020

The Zebra, an Austin-based company that operates an insurance comparison site, has raised $150 million in a Series D round that propels it into unicorn territory. Both the round size and valuation are a substantial bump from the $38.5 million Series C that Austin-based The Zebra raised in February of 2020. (The company would not disclose its valuation at that time, saying now only that its new valuation of over $1 billion is a “nice step up.”) The Zebra also would not disclose the name of t...
Tags: Fundings & Exits, Startups, London, Finance, Animals, Funding, Insurance, Tech, Model, Austin, United States, United Kingdom, Mark Cuban, Venture Capital, Machine Learning, Life Insurance


How To Find the Best Home Insurance

The insurance business can be rather confusing for the uninitiated consumer. Getting the best home insurance coverage can often feel like a bit of a hit-and-miss endeavor. Here are some tips for making good, informed decisions when buying home insurance.  Know What You Want to Cover You don’t always need to cover everything in your house to get good insurance. Often, you can save money and get better coverage if you specify what you want to protect. In the past, insurance companies...
Tags: Fashion, Insurance, Canada, Home Insurance, Insurance Company, Home Life, Homeowners Insurance, KBD, Home Owners Insurance, Best Home Insurance


No Duty to Defend Under Renter's Policy

    The court agreed that the insurer had no potential liability under a policy where the insured allegedly concealed facts and made misrepresentations regarding the condition of the property it sold. State Farm Fire & Cas. Co. v. TFG Enterprises, LLC , 2021 Neb. LEXIS 27 (Neb. Feb. 19, 2021).     TFG sold a house to Jeffrey Barkhurst. Thereafter, Barkhurst filed suit alleging that TFG failed to disclose and actively concealed several defects, including water intrusion, the presence of mold, su...
Tags: Insurance, State Farm, Misrepresentation, Nebraska Supreme Court, Duty to Defend, Tred Eyerly, Duty to Indemnify, State Farm Fire Cas Co, TFG Enterprises LLC, Jeffrey Barkhurst, Barkhurst


Hyundai Blue Link Connects Owners and Insurance

Hyundai Blue Link, a connected-car service first offered in 2018, can now be used to save on auto insurance. Hyundai’s usage-based insurance (UBI) program and Driving Score promotes safe, efficient driving habits. Through Verisk, a global data analytic firm, Hyundai drivers can opt-in to share their driving quirks. Receiving substantially lower insurance rates is the […] The post Hyundai Blue Link Connects Owners and Insurance appeared first on The Truth About Cars.
Tags: Technology, Safety, Marketing, Insurance, Analysis, Korea, Autos, Connected Cars, Hyundai, Fuel Economy, Connected Vehicles, Incentives, Auto Insurance, By The Numbers, Verisk, Hyundai Blue Link


Illinois Federal District Court Finds Duty to Defend COVID-19 Claim

    The federal district court found that the insurer had a duty to defend the underlying suit based on damages allegedly arising from exposure to COVID-19. McDonald's Corp. v. Austin Mutual Ins. Co. , No. 20 C 5057, Order (N.D. Ill. Feb.22, 2021). The decision is here.      McDonalds was sued for pubic nuisance and negligence based on its decision to remain open during the COVID-19 pandemic without enhanced health and safety standards. The underlying plaintiffs sought an injunction requiring M...
Tags: Insurance, Mcdonalds, McDonald s Corp, Comprehensive General Liability, Duty to Defend, Tred Eyerly, Illinois Federal District Court, COVID-19, COVID, Austin Mutual Ins Co, Ausin Mutual, Austin Mutual, Further Austin Mutual