InsurTech

Personal lines underperform predictions, while brokers and InsurTechs are a positive surprise (for now).

Velocity Specialty Insurance Company will operate across all 50 US states.

After pricing below the expected range at its IPO, the Fidelis stock price slipped on the first day of trading - here's how other (re)insurance IPOs have gone since 2000.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The announcement follows reports that Root has filed a lawsuit against Embedded related to the violation of a non-disclosure agreement.

VC General Catalyst will finance up to 80% of Lemonade’s customer acquisition costs (CAC) and receive a “synthetic commission” of up to 16% of the premiums.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The suit is related to the violation of a non-disclosure agreement between the parties.

The funding round was led by Caffeinated Capital, with participation from Emergence Capital and Pear VC.

The ratings downgrade follows the departure of former CEO Marty Young and a round of layoffs in April.

The latest round brings its total capital raised to date to $11mn.

Bruce Lucas added that the company is no longer pursuing a Series B round.