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Category: insurance

Lemonade wants to rewrite the insurance policy itself

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Lemonade has made some big moves in the world of insurance. The company uses AI and bots to sell insurance, and has flipped the business model to ensure that Lemonade is never in conflict with customers filing insurance claims. But the product itself, the actual insurance policy, hasn’t changed much at all. For decades, insurance […]

How did Thumbtack win the on-demand services market?

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Back in 2008, as the global financial crisis was only just beginning to tear at the fabric of the U.S. economy, entrepreneurs in San Francisco were already hard at work on potential patches. This was the beginning of what’s now known as the gig economy. Companies like TaskRabbit and Thumbtack — and Handy, Zaarly, and several […]

Oscar Health raises $165 million at reported $3B valuation

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Oscar Health, the startup run by Josh Kushner (yes, brother of Jared), has raised $165 million at a reported valuation of $3.2 billion, CNBC’s Christina Farr reports. The funding comes from Alphabet’s Capital G investment company and Verily life sciences corporation, Founders Fund, and others. Oscar’s goal is to outpace existing industry-leading insurers including UnitedHealth […]

Visualizing the slave insurance industry

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Similar to the way people insure their cars, houses and lives, slave-owners would sometimes insure their slaves. Fearful of not getting their money’s worth from their slaves, owners would sometimes take out insurance policies on them. In the 1800s, for example, some slave-owners who rented out their slaves would insure them so that, in the […]

Hippo raises $25 million for home insurance

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There has been so much money poured into insurance startups lately that it’s spawned its own category, “insurtech.” Investors see an opportunity to reduce inefficiencies and make customer-friendly products. They believe that more young people will buy insurance if it’s made more convenient. From autos to rentals to theft, every insurance category is seeing “disruption.” One of […]

Waymo teams with Trov on passenger insurance for self-driving service

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Waymo is working with insurance startup Trov on protections for riders using its forthcoming self-driving ride hailing service. Trvo will provide Waymo’s passengers with insurance for lost and managed property, and for any medical expenses resulting from rides, reports the Wall Street Journal. The coverage will be invisible to riders, however, bundled as part of […]

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