Insurtech unicorn cuts insurance carrier, top execs in major shake up amid financial woes

An insurtech unicorn is shedding its insurance carrier, exiting business lines and parting ways with select top executives as part of a “profound” restructuring effort amid financial troubles. Less than two years ago, the digital insurer was valued at $4.5 billion in its Series D funding round.

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Insurtech unicorn cuts insurance carrier, top execs in major shake up amid financial woes

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