Shefi Ben-Hutta

3 days ago | coverager.com | Shefi Ben-Hutta

In 2022, Assurity launched its first direct-to-consumer initiative with the debut of criticalillness.com, a self-service website for purchasing critical illness insurance. The platform was designed to simplify the process of buying coverage for serious diseases through a short application and straightforward benefit structure. The product focused on four major health conditions—heart attack, stroke, cancer, and advanced Alzheimer’s disease—and promised a cash payout upon diagnosis.

6 days ago | coverager.com | Shefi Ben-Hutta

Rippling has secured $450 million in Series G funding at a $16.8 billion valuation, with participation from new and existing investors including Elad Gil, Sands Capital, GIC, Goldman Sachs Alternatives, Baillie Gifford, and Y Combinator. The company also plans to repurchase up to $200 million in equity from current and former employees. The raise follows a $200 million Series F in 2024 and brings Rippling’s total funding to $2.4 billion across eight rounds.

1 week ago | coverager.com | Shefi Ben-Hutta

Allstate reported $16.5 billion in revenue for Q1 2025, a 7.8% increase year-over-year. Net income reached $566 million, with adjusted net income of $949 million, or $3.53 per diluted share. The company continues expanding its new “Affordable, Simple, Connected” auto insurance product, now available in 36 states, alongside a companion homeowners product in 6 states. Its Custom360 auto product for the middle market, sold through independent agents, is available in 31 states.

1 week ago | coverager.com | Shefi Ben-Hutta

Trupanion , the Seattle-based pet insurer, reported a monthly average profit per pet of $9.15 and ended 2024 insuring nearly 950,000 pets. By March 2025, the total subscription count had grown to approximately 1.05 million (including over 54,000 pets in Europe where most are underwritten via an MGA structure). CEO Margi Tooth said subscription revenue reached $233 million in Q1 2025, a 16% year-over-year increase.

2 weeks ago | coverager.com | Shefi Ben-Hutta

Zurich announced its collaboration with Marsh to digitally exchange core policy and premium information of mutual multinational customers through API connectivity. This initiative was successfully piloted in the US and is now launching globally. Establishing API connectivity will ensure that both Zurich and Marsh have access to the same high-quality information on their shared accounts in real time.