Hiscox news and trends

CoverHound Raises $58M For Expansion Of Insurance Platform
Investments // February 05, 2019

CoverHound, the online property and casualty insurance platform operator, announced Tuesday (Feb. 5) that it raised $58 million in venture funding. In a press release, the San Francisco startup that has sold more than 200,000 policies online said the Series D funding round was led...

Corporate ePayments Still At Risk For Employee Embezzlement
B2B Payments // November 30, 2018

A new report from specialist insurer Hiscox recently revealed an unsettling trend about employee fraud and embezzlement: Most of the time, the scam involves two or more workers. In its 2018 Hiscox Embezzlement Study, the company sheds light on how pervasive and damaging the embezzlement...

Employees Steal $50 Billion From SMBs Every Year
B2B Payments // September 14, 2017

Employees are stealing billions of dollars from their U.S. small business (SMB) employers every year, according to new data from Statistic Brain and reported in CNBC this week. According to Statistic Brain, employee theft amounts to $50 billion every year — 7 percent of annual revenues....

Quick Reads
CoverHound Raises $58M For Expansion Of Insurance Platform

February 05, 2019
CoverHound, the online property and casualty insurance platform operator, announced Tuesday (Feb. 5) that it raised $58 million in venture funding. In a press release, the San Francisco startup that has sold more than 200,000 policies online said the Series D funding round was led by global insurer Hiscox and included participation from Chubb, Aflac […]