6/11/2020 | This week in Business Insurance Risk Management Topics, Lawmakers consider bill to limit liability in pandemic which would help insurers facing a tide of claims. Meanwhile, a Coronavirus-related suit against Fox News dismissed and Insurtech deals up, funding down amid pandemic: Willis – Editor
Insurtech
Some insurtech firms reduce staffing
Layoffs have begun to hit the insurtech sector as both Slice Labs Inc. and Bold Penguin Inc. moved to reduce staffing this week.
Insurance startup Lemonade files for IPO
Tech-driven insurance startup Lemonade Inc. filed for its U.S. initial public offering on Monday, looking to take advantage of a recent recovery in the market after the coronavirus crisis slammed the brakes on new listings.
Insurtech deals up, funding down amid pandemic: Willis
More insurtech deals were completed in the first quarter, compared with the year-earlier period, but overall funding declined 54% to $912 million amid the coronavirus pandemic, according to Willis Towers Watson’s Quarterly InsurTech Briefing released Monday.
Insurtech broker approved as Lloyd’s trucking coverholder
Cover Whale Insurance Solutions Inc. has been approved as a coverholder at Lloyd’s of London and is working with Lloyd’s syndicates to provide commercial auto coverage for trucks in the U.S., the Rancho Santa Margarita, California-based insurtech broker said in a statement Monday.
Insurer Brit and Google Cloud to launch first digital Lloyd’s syndicate
Insurance company Brit and Google Cloud are together launching the first digital Lloyd’s of London syndicate, accessible from anywhere and at any time.
