Insurtech

In other news: Ethos adds board members, new executives; One Inc partners with Mastercard on insurance payments; and Notion, a Comcast company, works with Honey Insurance in Australia.

Amazon will require third-party sellers to secure product liability coverage after reaching $10,000 in sales in one month on Amazon.

Arturo, a spin-out of American Family Insurance, was founded in 2018 and is a real estate data and analytics startup.

SynchronoSure has three insurance products available in 48 states, and will be adding new products over the next 60 days. GigBOP, a low-end property/casualty product for the gig economy and small business accounts; a trucking general liability product designed to protect the office and garage operations for small trucking companies; and a recently announced excess liability product.

There were about 12 funding rounds in the insurtech sector in August 2021, according to a review by Digital Insurance and with data from Crunchbase.

In other news: Breeze's new hire; Guidewire acquires HazardHub; New York Life partners with Empathy.

Consumers still trust established traditional insurance companies over newer insurtech startups. A majority of respondents said they would prefer to buy a policy from companies like AIG over startups like Lemonade.

In other news: Nexar partners with New York’s Black Car Fund and Hannover Re collaborates with ExamOne.

Several companies are using artificial intelligence and data analytics to better map properties for coverage in potential high-risk wildfire areas.

The insurance enables motorcyclists to customize their insurance all year round and pay for the time they ride instead of high predetermined rates.