Allstate completes exit from life and annuities business

Allstate completes exit from life and annuities business

Reinsurer Wilton Re will pay $220M to acquire Allstate Life Insurance Company of New York (ALNY) from parent company Allstate.

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Insurtech RecovX Health files patents for direct-to-consumer claims app

Insurtech RecovX Health files patents for direct-to-consumer claims app

RecovX Health, a Sarasota-based insurtech company, has filed a series of patents for a claims app called InjuryClaimsExpress.

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Insurtech Hippo to go public via SPAC in $5B deal

Insurtech Hippo to go public via SPAC in $5B deal

Hippo, a 6-year-old insurtech firm that focuses on home insurance, is merging with a special purpose acquisition company (SPAC), in a $5B deal that will take the company public.

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Lemonade taps Bestow for life insurance offerings, expanding marketplace

Lemonade taps Bestow for life insurance offerings, expanding marketplace

Lemonade, which offers insurance for renters, homeowners, and pets, is tapping fellow insurtech Bestow on a life insurance product offering that will allow Lemonade customers to apply for instant life insurance coverage in minutes via Bestow’s Protect API.

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Insurtech Openly taps Flyreel for AI-supported virtual property inspections

Insurtech Openly taps Flyreel for AI-supported virtual property inspections

Openly, which offers premium homeowners insurance through independent agents, is partnering with AI startup Flyreel to integrate its toolset as part of a streamlined home inspection process.

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Credit Karma taps Progressive for auto insurance discount program

Credit Karma taps Progressive for auto insurance discount program

Consumer technology platform Credit Karma, widely known as a credit monitoring tool, is boosting its data-focused strategy through a behavior-based auto insurance discount program offered in partnership with Progressive.

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Nationwide launches partner portal to help embed its offerings into third-party platforms

Nationwide launches partner portal to help embed its offerings into third-party platforms

Insurance giant Nationwide launched a marketplace portal designed to allow partners to deliver the insurer’s products through their platforms. Products offered through it include auto, home, commercial, and pet insurance products.

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Insurtech Bestow to acquire Centurion Life Insurance Company from Wells Fargo

Insurtech Bestow to acquire Centurion Life Insurance Company from Wells Fargo

Dallas-based digital life insurance provider Bestow will acquire Centurion Life Insurance Company, an Iowa-based insurer with licensing in 47 states and the District of Columbia. Terms of the deal were not disclosed.

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CoverHound acquired by insurance broker Brown & Brown

CoverHound acquired by insurance broker Brown & Brown

Digital insurance marketplace CoverHound was acquired by Brown & Brown for undisclosed terms, the companies announced on Monday, November 9.

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Insurtech Cover Genius expands network through deal with logistics solutions provider

Insurtech Cover Genius expands network through deal with logistics solutions provider

Cover Genius, a New York-based insurtech that focuses on covering e-commerce consumers, entered into a partnership with logistics solutions provider Descartes Systems Group.

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Insurtech Steadily launches, aiming to take the pain out of landlord coverage

Insurtech Steadily launches, aiming to take the pain out of landlord coverage

Fresh off a $3.8M seed funding round, Austin-based insurtech Steadily launched to help landlords insure their occupied properties.

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French insurtech Alan launches live chat with doctors

French insurtech Alan launches live chat with doctors

Alan, a 4-year-old Paris-based insurtech focused on healthcare, has rolled out a new feature that allows customers to take part in instant-message chats with doctors.

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Root files to go public at $6B valuation

Root files to go public at $6B valuation

Root, the parent company of Root Insurance, has filed paperwork with the SEC to go public, following in the footsteps of other large insurtechs Hippo and Lemonade which went public earlier this year.

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Bind debuts personalized health plans

Bind debuts personalized health plans

Bind Benefits, a Minneapolis-based digital insurance startup, has launched personalized health plans that allow patients to choose treatment options with transparent pricing. It launched in Florida with employers of 50+ employees, and the company plans to expand to Ohio, Texas, Virginia, and Wisconsin.

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Descartes Underwriting secures $18.5M to evolve insurance models

Descartes Underwriting secures $18.5M to evolve insurance models

Paris-based insurtech Descartes Underwriting secured $18.5 in Series A funding to evolve its technology-based risk and underwriting tools.

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