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Next Insurance receives $250m in fourth-stage seed financing

Insurtech backed by Alphabet has now raised $631m, and is valued at more than $2bn

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Covid-19 reveals the cracks in the US insurance system

US insurers have been getting a beating in their response to the Covid-19 crisis. Their latest move to rebate auto premiums shows the fissures in their approach and the lack of a cohesive regulatory response. Sarfraz Thind reports