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Goodcover, the YC-backed insurance startup, raises $7.5 million in Series A

goodcover, the yc-backed insurance startup, raises $7.5 million in series a

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YC-backed Goodcover, the insurtech startup that looks to pass unused premiums back to the policyholder, is today announcing the close of a $7.5 million Series A funding round. The funding was led by Goodwater Capital, with participation from Fuel Capital, Broadhaven Ventures, Global Founders Capital, Liquid 2 and TransRe.
Goodcover launched out of Y Combinator in February of this year with a mission to charge as close to what is needed as possible in premiums, using its own machine learning algorithm for underwriting. It backs up that pact with its users by paying back unused premiums to its users. In fact, this year marked the first time Goodcover was able to offer users a dividend, which amounted to 1.89 percent of premiums paid that year.
“This isn’t about charging everyone and then giving 50% back,” Lotz told TechCrunch at launch. “It’s a guarantee that we’re not overcharging you in the first place.”
The company operates as a managing general agent, which means they write the policy, set the pricing and build their own risk assessment model, but partner with insurance carriers to hold the back-end capital and write on their book. This differs from Lemonade, which is its own insurance carrier, …

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Seminary Promotes Agile Leadership in Times of Crisis and Change | Bethel University

seminary promotes agile leadership in times of crisis and change | bethel university

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When 2020 began, the world could not have predicted what headlines would be written mere months later. From global environmental disasters to the COVID-19 pandemic and the necessary and challenging conversations about racial equity—these are only a few of the most influential events of 2020. 
The one thing United States citizens had predicted was the 2020 presidential election, and it’s even more apparent that in a state of emergency, people look to leaders to guide them through uncertain times. “It is the calling of the leader to help people be able to hear God’s truth in the midst of the cacophony of competing voices,” says Peter Vogt, dean of Bethel Seminary. Leaders impact every aspect of society—both nationally and neighborly—and there are certain qualities that define good leadership, especially when encountering crisis.
At least, that’s what Professor of Christian Thought David Clark and Program Director of Transformational Leadership Mark McCloskey teach in their seminary classes. Last spring, they had a conversation about what it means to be a good leader with a strong biblical foundation. Here is what they had to say:
David Clark: When I went to seminary, Mark, honestly, we did not really discuss leadership at …

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16 Startups Selected for UC Berkeley’s Highly-Competitive, Global Startup Accelerator Program SkyDeck

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TipRanksAll Eyes on FAANG Stocks Ahead of Earnings; JPMorgan Says ‘Buy’Between the ongoing corona crisis and the upcoming elections, the markets are plagued by uncertainty – the one thing that really gets investors worried. Uncertainty puts a cloud over the market’s likely course, making it difficult to find the stocks that will bring in returns.Fortunately, there are some trends that are somewhat immune to this uncertainty. Just 20 years ago, these would not have moved the needle; their niches were young, just beginning their long march through our society and culture, but today Big Tech has become one of the market’s sure things.There is no tech bigger than the FAANG stocks. This group – Facebook, Apple, Amazon, Netflix, and Google – offers the tech we have come to want, whether it is hardware or online. Facebook invented today’s social media; Apple brings us the device innovations that have boosted mobile; Amazon has redefined online commerce. Netflix and Google have each made their own contributions, in video streaming and web search and advertising.The FAANGs have generated investors interest and media buzz, and they have also gotten attention from some of Wall Street’s top analysts. Writing from investment …

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Dealerware appoints veteran DevOps leader Denise Iglesias as Vice President of Engineering

dealerware appoints veteran devops leader denise iglesias as vice president of engineering

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AUSTIN, Texas, Oct. 29, 2020 /PRNewswire/ — Dealerware, the leading connected car platform for automotive retailers, appoints Denise Iglesias as Vice President of Engineering. With over 20 years of experience leading software and hardware engineering teams, Iglesias brings a proven track record of defining and delivering high-growth hardware and software products. The newly-created role underscores Dealerware’s rapid expansion and reinforces its commitment to delivering the central platform of the connected retail fleet.As Vice President of Engineering, Iglesias will cultivate Dealerware’s technical environment, leading the company’s engineering team and spearheading platform optimization and performance. Iglesias will also sit at the helm of Dealerware’s long-term technological vision to streamline and scale the existing product, while rapidly bringing new features and services to market.”The automotive industry is undergoing some of the most prolific shifts in its 125 year history. Being able to continue to develop products and features that help dealers realize a more profitable, customer-centric future is why we come to work every day. It’s all about taking an empathic approach and simplifying change,” said Iglesias. “I’m excited to join such a strong team that’s laser focused on expanding our product capabilities, growing our ecosystem, and ultimately building products that customers love.” “Denise brings …

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Fleet of robotic probes will monitor global warming’s impact on microscopic ocean life

fleet of robotic probes will monitor global warming’s impact on microscopic ocean life

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Since 2014, researchers have deployed more than 150 biogeochemical Argo floats in the Southern Ocean.

GRETA SHUM/SOCCOM

By Paul VoosenOct. 29, 2020 , 10:00 AM

A single drop of seawater holds millions of phytoplankton, a mix of algae, bacteria, and protocellular creatures. Across the world’s oceans these photosynthesizing microbes pump out more than half of the planet’s oxygen, while slowing climate change by capturing an estimated 25% of the carbon dioxide (CO2) released from humanity’s burning of fossil fuels. But the scale of this vital chemistry is mostly a guess, and there’s little sense of how it will change as temperatures rise. “What’s happening out there? We have no idea really,” says Susan Wijffels, a physical oceanographer at the Woods Hole Oceanographic Institution.

Soon, 500 drifting ocean floats studded with biogeochemical sensors will deliver answers. Today, the National Science Foundation (NSF) announced it will spend $53 million to fund the new floats, marking the first major expansion of the Argo array, a set of 4000 floats that for 15 years has tracked rising ocean temperatures. “This is going to be revolutionary,” says Wijffels, a leader of the original Argo program.

The biogeochemical (BGC) Argo floats, in development for nearly as long as Argo itself, will …

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VCs poured capital into European startups in Q3, but early-stage dealmaking appeared to suffer

vcs poured capital into european startups in q3, but early-stage dealmaking appeared to suffer

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The VC trends of later, and larger continue to change the landscape of private capital

Alex Wilhelm

7 hours

The global recovery in venture capital activity did not miss Europe, new data indicates.
According to a PitchBook report, European venture capital activity rose in Q3 2020, putting the continent on pace to set a new yearly record for aggregate VC activity (as measured in Euros).

The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday.

The strong results come in the wake of a cracking quarter for venture capital activity in the United States and a generally bullish period for the global VC market. Venture debt is also seeing something of a rebound from lulls seen earlier in the year.
Inside Europe’s Q3 however, was some less-than-good news: the amount of money that went to first-financings was weak, and much of the strong results from the continent were predicated on capital flowing into already-funded startups. There’s less pie for new companies than the top-line numbers might suggest.
Let’s get into the good and bad from Europe’s quarter, contrasting our new data with some prior numbers that we …

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Takeda digital transformation continues with trial data platform pact through Seqster

takeda digital transformation continues with trial data platform pact through seqster

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Shortly after announcing plans to transform itself into a digital, “cloud-first” drugmaker, Takeda has extended its agreements with Seqster—a company whose founder describes it as the Mint.com of patient healthcare data.Seqster—pronounced seek-ster—will provide its platform for combining and visualizing individual patient information gathered from electronic health records, genomic profiles and wearable activity trackers. The San Diego-based company will also supply a decision support and clinical research platform for onboarding and obtaining consent from study participants.

“By leveraging Seqster and extending Takeda’s external data and digital collaboration ecosystem, we will have better access to real-world evidence, integrating real-time into our workflows generating powerful data and insights for research and patient services,” said Emir Roach, head of Takeda’s digital partnership and emerging technology efforts.

“Speed to implementation and integration with Takeda’s infrastructure will allow us to activate 12 distinct use cases across our business in a matter of weeks—ultimately, positively impacting patient outcomes,” Roach added.

RELATED: A company that wants to be the Mint.com for health data secures backing from major pharma company

Seqster previously secured an undisclosed amount of funding from Takeda in February in return for access to its longitudinal data platform. In …

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Airline Tech Startups Try to Adapt to Brutal Sales Market

airline tech startups try to adapt to brutal sales market

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Business prospects darkened this year for several venture-backed startups focused on providing technology to airlines to run their operations and strategy better.Skift checked in with a random sampling of startups — Countalytics, Duffel, Elenium, Flyr, LocusLabs, Unicoaero, and Volantio — to take the segment’s pulse as airlines undergo an epic revenue crunch.Some startups have diversified their customer base outside of aviation. Some have used luckily timed funding rounds to fine-tune their products. Other companies have tried to stay relevant by either inventing new products or reviving old ones.“While many people think that this isn’t the ideal time to create a travel startup, the opposite is true,” said Bonny Simi, president of JetBlue Technology Ventures, the investment and innovation arm of U.S. carrier JetBlue. “There are plenty of opportunities to be had with early-stage funding while founders determine product-market fit.”“Travel startups have to be creative about working with airlines right now,” Simi said. “One way to do this is by demonstrating value through proof of concepts. My advice to founders is that they should be mindful of the associated cost due to spend sensitivity across the industry and consider proving their near-term value through low or …

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Climate change demands our attention on Election Day and beyond

climate change demands our attention on election day and beyond

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The BDN Opinion section operates independently and does not set newsroom policies or contribute to reporting or editing articles elsewhere in the newspaper or on bangordailynews.com.

William Lauring Somes is a political science and economics major at the University of Maine.

As Maine’s environment continues to change, solutions to the climate problem are becoming more and more important. My conversations with fishermen have led me to believe lobsters are already moving further away from shore, and scientific evidence suggests this trend will continue over the next 80 years. Of course, this is far from the only impact of climate change. In the coming years, heavy rains related to changes in climate can cause damage to Maine agriculture and infrastructure.

Climate change is an economic problem, and our livelihoods depend on how we address it.

The transportation sector accounts for the majority of all climate-warming emissions in Maine (approximately 54 percent). This means that efforts to combat climate change must focus specifically on reducing emissions from this sector.

In March of this year, the Environmental Protection Agency rolled back fuel economy standards that would have raised the new vehicle fuel economy to 54 miles per gallon. Under these rollbacks, rather than increasing …

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How Climate Change Factors into the Forecast for the US Pipe Market

how climate change factors into the forecast for the us pipe market

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CLEVELAND, Oct. 29, 2020 /PRNewswire/ — Climate change is increasing the urgency of wastewater infrastructure upgrades in the US as rising severe storm and hurricane activity continues to expose the flaws in many of these outdated systems, and the threat of sea level rise continues to grow. Going forward, efforts to adapt wastewater infrastructure to the realities of climate change are expected to provide opportunities for pipe suppliers.
For instance, many municipalities use combined storm and sanitary sewer systems that lead to sewage backups during heavy rainfall, an increasingly pressing problem in residential areas where suburban growth has outstripped the capacity of sewer lines and in storm-prone areas, particularly in Gulf Coast states such as Florida, but also in more northerly states such as Maryland and Virginia.
US Pipe Market to Expand 2.9% Annually Through 2024
Demand for pipe in the US is projected to climb 2.9% per year through 2024 to $47.4 billion, rebounding from a low 2019 base. Increases in water and sewer construction spending will be a major driver of growth. On the other hand, a weaker economic outlook will depress construction and oil and gas drilling activity for some time, constraining demand in these major applications for pipe.
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Pipe Products & …

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