/PRNewswire/ Priceline recently found that two-thirds of Americans are embracing their new work-life balance flexibility with plans to use more PTO in 2021.
As Online Fraudsters Flourish, Forterâs Valuation Triples To $3 Billion In Six Months
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Fraud is not a new problem. Some historians trace it back to 300 B.C., when a Greek merchant named Hegestratos took out an insurance policy on his boat full of corn with the intent to sink it and collect the insurance money. A couple of millenia later, fraudsters are more likely to be surfing the web than the open seas.
But modern day grifters face a challenge in Forter, which has just closed an oversubscribed $300 million round of venture capital to further expand its business of detecting fraud in online transactions via machine learning. Tiger Global Management, a prolific Silicon Valley firm, led the Series F funding round, which nearly tripled Forterâs valuation to $3 billion in the half-dozen months since its prior round. Third Point Ventures and Adage Capital Management also joined Forterâs latest capital infusion, along with existing i
Get your money back: Third-party booking sites slow to refund money for hotels that were closed during the storm
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HOUSTON – As families with no electricity tried to stay warm last week, some of them checked into hotels with heat. Others, though, paid for rooms they didn’t get. Now they’re calling consumer expert Amy Davis for help to get that much-needed money back.
Third-party booking sites like Travelocity, Expedia and Priceline let people reserve and pay for rooms online, but when people showed up at hotels last week, they found them closed with no power.
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Getting the money back has been a challenge.
Norwalk health payments innovator files for $100M IPO
Alexander Soule
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The headquarters office of Remedy Partners at 800 Connecticut Ave. in Norwalk, Conn.Alexander Soule / Hearst Connecticut Media
Nearly a decade after its launch and expansion under Obamacare, an innovative insurance company with its roots in Norwalk is going public.
Texas-based Signify Health has plans to raise $100 million selling shares to trade on the New York Stock Exchange.
In 2019, Signify Health spent $405 million to acquire Remedy Partners, which was created eight years earlier in Norwalk by Oxford Health Plans founder Steve Wiggins. His idea was to develop a new system for health insurance, with premiums and payments pegged to “episodes of care” covering the span of a patient’s treatment and recovery from an ailment.