Latest in Insurance Startup Spotlight
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Insurance stocks sell off sharply as potential losses tied to LA wildfires increase
Allstate, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan.CNBC - Jan. 10 -
California homeowners battle an 'insurance crisis' as wildfires burn out of control
The wind-driven wildfires burning out of control in the Los Angeles area couldn't have emerged at a more perilous moment for California's homeowners, as officials try to rehab what they concede is ...NBC News - Jan. 10 -
What to know about California fires insurance claims, cancellations
Los Angeles officials provided an update for residents having to deal with insurance claims after several wildfires swept through Southern California. California Insurance Commissioner Ricardo Lara ...CBS News - Jan. 10 -
Worst NFL contracts of all time: Deshaun Watson's Browns deal comes further into spotlight after Achilles tear
Here's a look at some of the worst deals in NFL historyCBS Sports - Jan. 10 -
High cost of weight loss drugs drives employers to require nutrition counseling, in boost for startups
Startup Virta Health saw 60% revenue growth last year, topping $100 million, driven by demand for its employer weight loss management program.CNBC - Jan. 10 -
California official bans insurance cancellations, nonrenewals in wildfire-affected areas
California's insurance commissioner issued a one-year moratorium on policy nonrenewals and cancellations in areas affected by devastating wildfires in and around Los Angeles. “I am using my ...The Hill - Jan. 10 -
How Delivery Startup DroneUp May Survive the Loss of Walmart’s Business
After the retailing giant consolidates its aerial deliveries with two bigger specialists, DroneUp will need to pivot to working with smaller, local customers.Inc. - Jan. 10 -
California Wildfires Lay Bare an Insurance Crisis
Even before the latest blazes, California officials warned that an emergency state insurance fund was in trouble, while private insurers dropped coverage.The New York Times - Jan. 10 -
L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.
Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.MarketWatch - Jan. 10 -
WATCH: Insurance expert on how to prepare for insurance claims amid California fires
ABC News’ Linsey Davis speaks with insurance broker Karl Susman about the difficulty of insuring homes and making fire claims in California as residents begin to survey the damage left by the fire.ABC News - Jan. 9 -
Thousands of L.A. homeowners do not have insurance amid fires
Thousands of Los Angeles homeowners do not have home insurance. Several private insurers in California have either raised prices or completely removed their coverage in at-risk areas. Business ...CBS News - Jan. 9 -
What Californians should know about filing insurance claims after fire
For those who have it, a standard homeowners' insurance policy does cover destruction caused by fire, including wildfires.CBS News - Jan. 9 -
NBA 2K25 will spotlight Shai Gilgeous-Alexander for Season 4
The Oklahoma City Thunder star will be honored in the game's upcoming season, which will begin on Jan. 10.ESPN - Jan. 9 -
Before the Palisades Fire, many of those homeowners had lost insurance
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.CBS News - Jan. 9 -
The Los Angeles Fires Will Put California’s New Insurance Rules to the Test
The state’s insurance industry was reformed in late 2024 to promote coverage in disaster-prone areas. Tens of billions in fire damage will stress-test the new regime.Wired - Jan. 9 -
With TikTok’s Future Uncertain, Livestream Shopping Startups Are Making Moves
How TikTok Shop’s rivals are preparing to swoop up the e-commerce giant’s market share.Inc. - Jan. 9 -
Insurers brace for losses of up to $20bn from California wildfires
JPMorgan analysts double estimates as blazes continue to rageFinancial Times - Jan. 9 -
Ravens-Steelers preview: Lamar Jackson back in the playoff spotlight for Baltimore
The Steelers slumped badly late in the season, including a loss to the Ravens.Yahoo Sports - Jan. 8 -
AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation
The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.Inc. - Jan. 8 -
Can Americans end our abusive relationship with private health insurance?
What we mainly fear is that “breaking up” with the current private insurance model would be even worseThe Hill - Jan. 8 -
Bank of England to relax rules for banks and insurers
PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulationFinancial Times - Jan. 8 -
Bench’s Jilted Customers Say the Accounting Startup’s Problems Began Long Before Its Abrupt Shutdown
The tax startup’s recent collapse and subsequent acquisition by Employer.com has left customers unsure about where to turn.Inc. - Jan. 8 -
AI Startup Anthropic Raising Funds Valuing It at $60 Billion
The Amazon-backed OpenAI rival was valued at $18 billion last year.The Wall Street Journal - Jan. 7 -
How a Silicon Valley financial backer orchestrated a plot to take down a rising startup
Financial backer Denis Grosz thought he was going to generate big returns from his bet on a company called Toptal, until he got sued for his actions.CNBC - Jan. 7 -
Toyota is 'exploring rockets' with nearly $45 million investment in Japanese launch startup, chairman says
Toyota Motor is exploring the development and production of orbital rockets, Chair CEO Akio Toyoda said Monday.CNBC - Jan. 7 -
British AI startup with government ties is developing tech for military drones
Exclusive: Concerns raised over role of Faculty AI, which has worked with NHS and government safety body. A company that has worked closely with the UK government on artificial intelligence safety, ...The Guardian - Jan. 7 -
Insurers limit coverage of prosthetic limbs, questioning medical need
Only 30% of beneficiaries who lost a limb in 2016 received a prosthesis within three years, a report found.CBS News - Jan. 6 -
5 Ways This Startup Puts Values in Action
This AI company’s values help drive its booming biotech business.Inc. - Jan. 5 -
6 Rules for Startup Fundraising
Lessons learned from my startup’s most recent fundraising round.Inc. - Jan. 4 -
'He doesn't get the love that he should': How Quinn Ewers put Texas back in the spotlight
Ewers, about to face former school Ohio State, wants to be the QB to deliver Texas' first national title since 2005.ESPN - Jan. 4 -
5 ways seniors can lower their long-term care insurance costs in 2025
With these strategies, you can save on long-term care insurance costs while maintaining the coverage you need.CBS News - Jan. 3 -
Venture Capitalist Sues Paypal Over Program for Minority Startups
An Asian-American fund manager accused the payments company of discrimination by ignoring her application under a $100 million initiative.The Wall Street Journal - Jan. 3 -
This Colorado Startup Is Challenging NASA in the Concorde 2.0 Race
Boom Supersonic is trying to build a quieter, 21st century supersonic jetliner.Inc. - Jan. 3 -
New Orleans attack puts spotlight on inauguration security
The attack in New Orleans that killed at least 14 people has put a fresh spotlight on security plans around what is set to be an active month of events in the nation’s capital, culminating with ...The Hill - Jan. 3 -
Bowl action? There was plenty, and the best came far away from the spotlight of the college playoffs
Somewhere in the fight-filled, money-chasing hustle that the college bowl season has become, a national champion will emergeABC News - Jan. 2 -
New Orleans attack and Las Vegas Cybertruck explosion put car-rental app Turo in the spotlight
The peer-to-peer service was used to rent vehicles used in the incidents on New Orleans’ storied Bourbon Street and at a Trump Organization–operated hotel in Las Vegas, leading investigators to ...MarketWatch - Jan. 2 -
Pokemon Go January 2025 Events: Raids, Spotlight Hours, Community Day, And More
A new year has begun, and Pokemon Go is ushering it in with a variety of events and debuts. The game's Dual Destiny season continues with the arrival of several new Pokemon, including Fidough and ...GameSpot - Jan. 1 -
Lenny Randle, major leaguer repeatedly in the spotlight for 12 seasons, dies at 75
Lenny Randle, a big league player for 12 seasons who spoke five languages, performed stand-up comedy, was dubbed “The Most Interesting Man in Baseball” and was suspended for punching his Texas ...Yahoo Sports - Jan. 1 -
Millions of children lost health insurance in Medicaid shake-up
Children were among the millions of people who lost Medicaid coverage after the government required states to reevaluate every recipient's eligibility. Some have been able to get benefits back, but ...NBC News - Dec. 31
