auto insurance
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Root Insurance launches a new car insurance company
Alexander Timm has been working in the insurance industry since he was 14. While that’s strange enough, what’s even weirder is that Timm really loves the work. He’s so enamored of the business that he’s founded his own insurance company, Root Insurance, to remake the process of applying for — and insuring — drivers. There’s a lot happening in the… Read More
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Snapsheet raises $20 million for app to help drivers file claims after a crash
A Chicago-based startup called Snapsheet has raised a Series C round of $20 million to make life easier for people who have been through a car crash. The company’s cloud-based software is used by auto insurance providers to guide users through a photo- and information-gathering process on the scene of an accident. It is basically white labeled as a mobile app for each auto insurance… Read More
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Crunch Network
The case of alpha business models and beta technology
Allstate is on a mission to vertically develop its telematics expertise and find new sources of revenue across different sectors by launching a new standalone unit called Arity (dedicated to data collection and analytics). It’s no surprise that Allstate’s own brands, such as Esurance and Answer Financial, are clients. It’s a start on the path to the unknown. Read More
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Crunch Network
The new, scary face of auto insurance
Self-driving cars may never reach accessible autonomy and might only be an add-on feature. It is very likely that the driver will still be liable for the actions of their vehicles. This means that drivers will still need auto insurance. Driving technology may never replace drivers, but it could help us become less injury prone. Read More
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Crunch Network
Are consumers, automakers and insurers really ready for self-driving cars?
Since news broke of the fatal accident involving a Tesla Model S that was on “Autopilot,” the media and various experts have been locked in high-speed Socratic dialogs on the pros and cons of self-driving cars. To date, most questions have focused on three key areas: liability, the technology and ethics. Read More
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The Zebra, A “Kayak For Auto Insurance,” Grabs $17 Million To Better Educate Drivers About Rates & Coverage
Austin-based The Zebra, a startup that’s something of a “Kayak for auto insurance,” has been working to bring the process of shopping for insurance online, where consumers can more transparently compare quotes and understand how insurance companies determine rates. Now the company has raised an additional $17 million in Series A funding led by Ballast Point Ventures. The… Read More
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Insurance Zebra Raises $1.5 Million From Mark Cuban, Floodgate, Silverton & Birchmere To Be The Kayak For Auto Insurance
Pittsburgh-born, but now Austin-based Insurance Zebra, a startup that aggregates car insurance quotes the way that Kayak aggregates flight and hotel deals, is today announcing $1.5 million in seed funding. The round was led by Austin’s Silverton Partners, and includes participation from Mark Cuban, Floodgate, and Birchmere Labs. Read More
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