Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Tutoring Firm Settles EEOC’s First Bias Lawsuit Involving AI Software
Aug 11 2023 // A China-based tutoring company has agreed to settle a U.S. government agency’s novel lawsuit claiming it used hiring software powered by artificial intelligence to illegally weed out older job applicants. The 2022...
Takeaways from Our Conversation on Insurtechs in Cannabis
Aug 11 2023 // Powered by InsuranceJournal.tv You don’t hear a lot about insurtechs and cannabis, but one firm aims to change that paradigm. SquareRisk principals say they aim to transform the wholesale distribution model for...
Connecticut, Other States’ Lawmakers Have a Lot of Questions About AI
Aug 9 2023 // As state lawmakers rush to get a handle on fast-evolving artificial intelligence technology, they`re often focusing first on their own state governments before imposing restrictions on the private sector. Legislators are...
Investors Double-Down on Cyber Insurtech Resilience With $100M Series D Round
Aug 7 2023 // Investors in cyber risk solution company Resilience have contributed again – $100 million in a series D equity financing round – a testament to the company’s business model and results, its leaders said. With...
Fintech Vesttoo to Slash Jobs After Fake Collateral Scandal
Aug 2 2023 // Financial services company Vesttoo said on Tuesday it was laying off about 75% of its staff and closing some offices in Asia, as it tries to recover from a scandal over a fraudulent letter of credit used as collateral in a...
Viewpoint: Innovation Trends Through the Lens of Qorus-Accenture Innovation Awards
Aug 1 2023 // The winners of the Qorus-Accenture Innovation in Insurance Awards were announced recently at a live ceremony in Milan, bringing together the industry’s trendsetters and pioneers. Now in its eighth year, this program...
Pelicans’ Zion Williamson and Family Sued for $1.8M by Tech Company
Jul 28 2023 // NEW ORLEANS (AP) – New Orleans Pelicans star Zion Williamson, his stepfather and his mother allegedly have failed to pay back $1.8 million of a $2 million loan from a California-based technology company. In a civil...
NAIC Releases Highly Anticipated Draft Model Bulletin on Insurers’ AI Use
Jul 28 2023 // On July 17, 2023, the Innovation, Cybersecurity and Technology (H) Committee of the National Association of Insurance Commissioners (NAIC) released for comment a highly anticipated model bulletin (Model Bulletin) on...
SEC Set to Adopt New Cyber Rule, Unveils Brokerage AI Proposal
Jul 26 2023 // Wall Street’s top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was being taken to help the investing public contend...
Insurance Technology: Embroker Partners with Dashlane and Cowbell; Betterview and EagleView Launch Property Intelligence Alliance
Jul 26 2023 // Embroker announced a partnership with password-management provider Dashlane and cyber insurer Cowbell to increase customer security and expand cyber liability coverage. “Through Cowbell and Dashlane, we are not only...
Insurtech Accelerant Weighs IPO or Private Share Sale, CEO Says
Jul 25 2023 // Accelerant is planning to raise fresh capital next year in a deal that could result in the specialty insurance provider making its debut on the stock market, its CEO and co-founder told Reuters on Monday. The Cayman...
Markets/Coverages: Insurtech Loadsure Launches Ocean Cargo, Stock Throughput Cover
Jul 21 2023 // Insurtech Loadsure announced the launch of digital ocean cargo and stock throughput insurance products: “Danube – Dynamic Ocean Cargo Insurance” and “Huron.” Loadsure described the products as...
Claims Insurtech Tractable AI Raises $65M in Funding Led by SoftBank
Jul 18 2023 // Tractable, the London-based insurtech that uses artificial intelligence (AI) for visual claims assessments and disaster recovery, announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors...
Is Automation the Answer to Microbusiness Insurance Profitability?
Jul 17 2023 // Could self-service and digital quoting and binding be gamechangers for independent agents and brokers working in microbusiness lines? Though they’re the smallest of small businesses, microbusinesses account for the...
Buffalo Supermarket Shooting Victims Sue Facebook, Amazon, Other Tech Giants
Jul 14 2023 // Tech and social media giants like Facebook, Amazon and Google bear responsibility for radicalizing the Buffalo supermarket shooter, who was fueled by racist conspiracy theories he encountered online, the victim’s...
Artificial Weatherman? AI Could Better Predict Hurricanes, Research Paper Says
Jul 10 2023 // Artificial Intelligence may be the key to more accurate and more timely hurricane predictions, China-based researchers have reported in the scientific journal Nature. In two papers in the journal, the researchers,...
Insurtech Honeycomb Given Approval to Write Policies in Indiana
Jul 5 2023 // The Indiana Department of Insurance has given Honeycomb Insurance approval to write policies statewide. The digital insurer has built proprietary technology offering comprehensive insurance coverage for apartment...
Law Firms Are Recruiting More AI Experts as Clients Demand ‘More for Less’
Jul 5 2023 // Chatbots, data scientists, software engineers. As clients demand more for less, law firms are hiring growing numbers of staff who’ve studied technology not tort law to try and stand out from their rivals. Law firms...
Tech Group Sues Arkansas Over Law Requiring Parental Permission for Minors Creating Social Media Accounts
Jul 3 2023 // LITTLE ROCK, Ark. (AP) – A tech industry trade group sued Arkansas on challenging a new state law that requires parental permission for minors to create social media accounts. NetChoice, a group whose members include...
Is Insurance Recruiting Being Impacted by Artificial Intelligence?
Jul 3 2023 // The movie Terminator 2 is the first thing that comes to mind when I hear about artificial intelligence. A universe where machines take over our daily lives seems so distant from my reality. Then I’m reminded that I...
