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Insurtech weekly: MMV; Insurify; Slice; Clara Analytics; State Farm Ventures

InsuranceERM rounds up the latest developments in the fast-moving world of insurtech

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Insurers vie with funds for control of PG&E

Group owed $20bn from California wildfire aims to takeover bankrupt utility

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Three US insurers sue California utility over Camp wildfire

Pacific Gas & Electric (PG&E), the Californian utility, plans filing for bankruptcy

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California fires to "severely test" risk tolerances

A.M. Best warns forest fires will hit profits and cause re-evaluation of underwriting

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Insurance patent filings jump 40% in a year

Focus on pricing and telematics to make risk modelling more accurate

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RenRe to acquire Tokio Millennium Re

Tokio Marine exits reinsurance business to focus on primary lines

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Aviva hopes for culture change through Silicon Valley initiative

Insurer is partnering with digital start-up accelerator Plug and Play

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Tying federal regulators in knots

Insurers are increasing their lobbying efforts as legislation advances through Congress that is designed to limit the discretion of federal regulators in designating systemic firms and devising capital standards. Hugo Coelho reports

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Cat bonds prices fall in busy Q1

Second quarter also set to break records