Cowbell Cyber Inc., a startup that insures businesses against cyberattack-related losses, has raised $60 million in a Series C funding. The company announced the investment today. It disclosed that the capital was provided by Zurich Insurance Group Ltd., one of the world’s largest insurers. The cash infusion brings Cowbell’s total outside funding to $202 million.
California plans to extend its last-resort insurance program to cover higher-value properties in areas prone to wildfire, adding new potential liabilities for the already stressed plan. The FAIR plan, which provides coverage to customers who can’t find it elsewhere, will raise limits for commercial properties such as condominiums, the California Department of Insurance said Friday
One of this year’s Emerging 8 honorees rolled out a tool designed to save more than 30 minutes per transaction at a dealership. CheckMy Driver, built by Modives, is geared to help dealers who typically must spend 30 minutes or more verifying insurance and ID during each delivery, what company executives acknowledged as “wasting time
Alleges insurance was placed on vehicles financed by Wells Fargo even though borrowers already had insurance from other carriers. The United States has filed a civil complaint under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) against National General Holdings Corp. and its subsidiaries alleging that, for over a decade, National General erroneously force-placed
The owner of a south Florida-based telemarketing company was sentenced to 25 years in federal prison for causing his employees to sell limited indemnity health insurance plans to unsuspecting consumers, the Justice Department announced Thursday. Steven Dorfman owned, operated, and functioned as the CEO telemarketing company Simple Health, which trained employees to use deceptive sales
San Mateo, CA, July 24, 2024 (GLOBE NEWSWIRE) — BriteCore, the leading cloud-native core insurance platform for Property & Casualty insurance providers, is proud to announce Laris Motorsports Insurance as its newest customer. With a legacy of over 80 years in the insurance business and more than 30 years of involvement in motorsports, the Laris
The national auto insurance shopping and quoting rate reached a new high between April and June, but many insurers appear to have achieved or are approaching rate adequacy, “which should lead to less rate activity and perhaps less shopping in the future,” according to a new J.D. Power report. The consumer intelligence company’s data shows
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FRESNO COUNTY, Calif. (KFSN) — As temperatures continue to climb across Central California, the risk for wildfires also increases. Just last month, the June Lightning Complex Fire sparked in Fresno County as temperatures soared to the triple digits. That fire has since been contained, but the SQF Lightning Complex Fire continues to burn tens of
CENTRAL NEW YORK (WSYR-TV) — We’re continuing to follow recent contract disputes between health care providers and insurance companies. It seems to be happening more lately, but why? Patients are being forced to pay out of network or find a new doctor. It’s an alarming trend popping up more and more just recently. “I must’ve