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December 2020
Baron Threat Net a Powerful Weather Tool for County-level Emergency Management

Baron Threat Net a Powerful Weather Tool for County-level Emergency Management

Located in south-central Alabama, Crenshaw County has an Emergency Management Agency (EMA) run by Director Elliot Jones and his Deputy Director Randy Mahone. The agency is responsible for working with local, state and federal agencies to plan and execute recovery efforts when disaster strikes. Staying weather aware and providing real-time weather information to the residents of the county is a key component of Jones’ job. Crenshaw County experiences frequent severe thunderstorms with damaging s...
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Clearcover: Snapsheet partnership, AI means auto claims in ‘industry-leading turnaround time’

Clearcover: Snapsheet partnership, AI means auto claims in ‘industry-leading turnaround time’

Auto insurer Clearcover last month announced that its Clear Claims software can with Snapsheet’s support review a claim and issue initial payment in as little as 13 minutes. Clearcover called this “an industry-leading claim adjustment turnaround time.”
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Unprecedented demand for life insurance from pandemic could lift carriers

Unprecedented demand for life insurance from pandemic could lift carriers

With millions of infections and hundreds-of-thousands of American lives lost from COVID-19, vast numbers of people are paying greater attention to the thought of their own mortality and what would happen to their loved ones if they should pass away. While the increased awareness is hopefully spurring people to protect themselves and one another by isolating and wearing masks, it’s also leading Americans to investigate and purchase life and retirement products in surging numbers.
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Hippo Insurance Raises A Fresh $350M

Hippo Insurance Raises A Fresh $350M

Insurtech unicorn Hippo closed a $350 million round to help it expand into more of the U.S. Mitsui Sumitomo Insurance Company — a subsidiary of MS&AD Insurance Group Holdings — provided the new funding. The money will be used to roll out in new states, helping Hippo get to its goal of reaching 95 percent of U.S. homeowners in the next year. The company currently offers insurance products to more than 70 percent of homeowners in the country.
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Root's stock continues slide amid release of financial results

Root's stock continues slide amid release of financial results

Telematics-based auto insurer Root Inc. began the week with its shares down more than 35% from its $27 IPO price. The sell-off in its stock continued at an even sharper clip after the company disclosed its financial results Dec. 1.
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Travelers to acquire digital agency from Plymouth Rock

Travelers to acquire digital agency from Plymouth Rock

Travelers has agreed to buy Insuramatch, a digital independent agency, from Plymouth Rock. Terms of the deal, which is expected to close in the first quarter of next year, were not disclosed.
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How John Hancock Life Insurance gamifies wearables to bolster longevity

How John Hancock Life Insurance gamifies wearables to bolster longevity

John Hancock Life Insurance is happy to practically give you a Fitbit, Amazon Halo or Apple Watch to help you live longer. CEO Brooks Tingle explains how longevity, gamification, data, actuarial tables and economics create a new customer experience.
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November 2020
Metromile latest Insurtech to go public after merger

Metromile latest Insurtech to go public after merger

Personal frustration with parking tickets led Metromile Inc. Chief Executive Officer Dan Preston to champion a feature to alert customers of his car-insurance company when they are parked in a street-sweeping spot, a surefire way to land a pricey fine.
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Delivering Weather Services in a Disaster: Lessons Learned from an NWS Director

Delivering Weather Services in a Disaster: Lessons Learned from an NWS Director

The impact of severe weather is increasing worldwide. Globally in 2017, 335 natural disasters affected more than 95 million people and claimed nearly 10,000 lives. Those disasters left behind $335 billion in damages, representing a 49% increase over the 2007-2016 average of $141 billion. In 2017, 16 disasters in the United States caused at least $1 billion in damage. Collectively those events resulted in more than $306 billion in losses, the most ever recorded. The previous record of $214 billio...
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Waycare to Collaborate with Volvo Cars to Receive Connected Safety Data on Slippery Roads and the Activation of Hazard Lights

Waycare to Collaborate with Volvo Cars to Receive Connected Safety Data on Slippery Roads and the Activation of Hazard Lights

Waycare, an AI-based traffic management solution, has partnered with Volvo Cars to access anonymized data from Volvo’s Connected Safety technologies for traffic safety alerts. By tapping into a variety of different data sources, such as navigation apps, city infrastructure, connected vehicles, and weather data, Waycare provides cities with operational insights for reducing traffic congestion and preventing crashes. Through its collaboration with Volvo, Waycare will incorporate new data into its...
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