Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Cyber Startup Wiz Is Weighing Potential Bid for SentinelOne
Aug 28 2023 // Closely held cloud cybersecurity company Wiz Inc. is considering a potential bid for SentinelOne Inc. in what would represent a rare move by a startup to buy a large listed company. Wiz spokesperson Tamar Harel said on...
How Aerial Imagery and AI are Helping Florida’s Insurers with Climate Change and Fraud
Aug 25 2023 // Residents of Southeastern states like Florida will be looking ahead to the heart of hurricane season with trepidation. With climate change bringing storms that are wetter, slower and more prone to intensifying rapidly,...
Wisconsin Launches Task Force to Study Impact of Artificial Intelligence on Workforce
Aug 24 2023 // MADISON, Wis. (AP) – Wisconsin became the latest state Wednesday to launch a task force to study the effects of artificial intelligence on the workforce, a growing area of concern among state leaders nationwide. Gov....
Big Tech Braces for Roll-Out of EU’s Digital Services Act
Aug 24 2023 // More than a dozen of the world’s biggest tech companies face unprecedented legal scrutiny, as the European Union’s sweeping Digital Services Act (DSA) imposes new rules on content moderation, user privacy and...
Is Automation the Answer to Microbusiness Insurance Profitability?
Aug 21 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...
Tech Firm Behind Kentucky School Bus Route Snafu Had Problems in Ohio
Aug 17 2023 // LOUISVILLE, Ky. (AP) — The company behind a disastrous change to a Kentucky city`s school bus routes that resulted in more than a week of canceled classes had similar problems in two cities in neighboring Ohio last...
The National Alliance Launches CISR High School Program at Central Tech Campuses
Aug 15 2023 // Tulsa, Oklahoma, August 14, 2023 – The National Alliance for Insurance Education & Research announces that Central Technology Center has successfully completed the first year of the Certified Insurance Service...
Fintech Vesttoo Seeks Chapter 11 Bankruptcy Protection
Aug 15 2023 // Israel-based fintech Vesttoo is seeking Chapter 11 bankruptcy protection in a U.S. court which will enable it to pursue legal action against those responsible for a fake collateral scandal, it said in a statement on...
Don’t Expect Quick Fixes in ‘Red-Teaming’ of AI Models; Security Was an Afterthought
Aug 15 2023 // White House officials concerned by AI chatbots’ potential for societal harm and the Silicon Valley powerhouses rushing them to market are heavily invested in a three-day competition ending Sunday at the DefCon hacker...
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...
