Kin Raises $63.9 Million in Series C Round

The company will use to ramp up hiring and expand into new geographies and products. It plans to hire at least 100 people across the company with a focus on data science, engineering and marketing.

Spinnaker Insurance Names Torben Ostergaard CEO

Ostergaard, who joins the Hippo-owned carrier from USAA where he served as EVP and chief risk officer, is tasked with strengthening Spinnaker’s position as a best-in-class fronting carrier with the backing of Hippo’s technology.

Ethos Secures $200 Million Investment, Now Valued at $2B+

The life insurance InsurTech distributor reports that its revenue and users have each grown by more than 500 percent year-over-year, and the company expects to issue $20 billion of life insurance coverage this year. 

State Farm Speeds Fire and Auto Claim Payments with Fiserv

Through State Farm’s Fiserv technology-powered Digital Pay, claimants opting for a digital payout can receive funds in their personal account in a matter of seconds, disbursed via the payment method that best suits their needs.