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AI-driven insurer MGT raises $21.6 mn Series B to scale AI-native insurance

MGT, an AI-first commercial insurer targeting small businesses, closed a $21.6 mn Series B that was oversubscribed. Mubadala Capital led the round, with Clocktower Ventures, Tacora Capital, and existing investors also in. The company plans to channel the cash into research, deeper AI...

Everywhen Teams Up With Asda on Business Insurance –

The latest partnership deal from Everywhen; Everywhen, one of the UK’s leading independent insurance brokers, has this week announced a new partnership with Asda Money to deliver the supermarket’s first-ever business insurance service. The partnership highlights Everywhen’s ability to deliver innovative insurance solutions through...

$21.6 Million Secured For AI-Native Neo-Insurer Platform

MGT, a vertically AI-native neo-insurer designed to modernize commercial property and casualty (P&C) insurance for small businesses, announced the successful closing of a $21.6 million oversubscribed Series B funding round. The round was led by Mubadala Capital, with participation from Clocktower Ventures, Tacora...

Clore Insurance opens in new location

For the Journal Review The Crawfordsville/Montgomery County Chamber of Commerce was pleased to host a ribbon cutting for Clore Insurance. Clore Insurance, a trusted provider of insurance services, moved to a new location at 111 N. Washington St. in downtown Crawfordsville. The relocation reflects the...

How To Start a Service Business in 6 Straightforward Steps (2025)

If you’ve ever had a pipe unexpectedly burst or accidentally given yourself an uneven haircut, you know the importance of a service business. Service businesses primarily trade on valuable skill sets and accumulated experience, rather than products. Successful services businesses marry business skills with...

How Global Trends are Impacting Business Insurance and Claims

Inflation has been a persistent issue in the United States, though it has moderated since its peak during the COVID-19 pandemic, while supply chain disruptions for equipment and other goods continue to add to insurance...