Latest Data Driven Headlines
All the headlines from our Data Driven Topic Page, ordered by recency.
Business Moves: Sandbox Invests in Florida Insurance Data Firm Confianza
Jun 27 2022 // Florida-based Confianza Inc., which provides data analytics and machine learning to insurance agents, announced that it had closed its round of seed funding, with most of the capital coming from Sandbox Insurtech...
Carnival Cruise Pays $5M, Gives Up Insurance Licenses in New York Over Data Breach
Jun 24 2022 // New York’s financial services regulator has fined Carnival Corp. $5 million for violations of the state’s cybersecurity regulations that the state says caused four cyber breaches and the exposure of personal...
Insurance Technology: BirdsEyeView Wins Funds for Parametric Cover; Audatex Adds Live Car Valuation Data
Jun 22 2022 // Parametric Insurtech startup BirdsEyeView has closed a seed funding round for an undisclosed amount led by SFC Capital, with the funds matched by the European Space Agency (ESA). BirdsEyeView uses satellite data to...
Hey Siri, What’s Next for AI and Robotics in Insurance?
Jun 22 2022 // Powered by InsuranceJournal.tv A lot has changed in the world of automation since Apple first launched its virtual assistant, Siri, on October 4, 2011. It’s a date that musician, actress, and public speaker, Susan...
Winners of Innovation in Insurance Awards Excel in Customer Focus, AI, Sustainability
Jun 17 2022 // The winners of the seventh annual Innovation in Insurance Awards excelled in customer focus, creative applications of artificial intelligence (AI) and automation as well as sustainability, according to the awards’...
Insurance Technology: Flood Data From Arturo and ICEYE; Weather Intelligence From Verisk; Home Valuations from CAPE Analytics
Jun 2 2022 // Arturo and ICEYE Offer Near Real-Time Flood, Property Damage Insights Property analytics firm Arturo and sensor data provider ICEYE hope to change what’s possible with insurance response to flood events....
Texas Dept. of Insurance Security Issue Exposed Data for Nearly 3 Years
May 24 2022 // A data breach at the Texas Department of Insurance (TDI) exposed confidential information of 1.8 million Texans for nearly three years, according to a brief from the Texas State Auditor’s Office (SAO). The audit...
Munich Re Launches Validation Service for Artificial Intelligence Systems
May 18 2022 // Munich Re is aiming to enhance acceptance of artificial intelligence (AI) with its new CertAI validation service, which provides objective validation that AI systems are trustworthy. Companies from a variety of industries...
Elephant Insurance Reports Data Breach
May 10 2022 // Virginia-based direct-to-consumer personal lines insurer Elephant Insurance reports that it experienced a cyber incident beginning in late March and as of April 25 its review had been able to identify consumers whose data...
Artificial Intelligence Being Used to Battle Western Wildfires
May 9 2022 // With wildfires becoming bigger and more destructive as the West dries out and heats up, agencies and officials tasked with preventing and battling the blazes could soon have a new tool to add to their arsenal of prescribed...
Insurance Technology: InsuredMine Integrates With HawkSoft; Betterview Adds RedZone’s Wildfire Data; CyberCube to Create Cyber Tool for Majesco
May 4 2022 // InsuredMine and HawkSoft Integrate Agency Sales and Management Insurance agency sales automation software firm InsuredMine and agency management technology firm HawkSoft have released two-way API integration between their...
The Insurance Data War: How Old School and New School Can Live in Harmony
Apr 11 2022 // Old school vs. new school. Every so often, a debate echoes down the corridor of time as the disrupters of the status quo burst on the scene with novel ways of doing things, while the established players cling to the tried...
Report: Texas Dept. of Insurance Data Breach Affected 1.8M People
Apr 6 2022 // A data breach at the Texas Department of Insurance (TDI) early this year affected approximately 1,800,000 Texans, according to the Data Security Breach Reports from the Office of the Attorney General. TDI announced in...
How AI Can Help Agents, Brokers and Insurers Build Empathy
Apr 4 2022 // Empathy isn’t a word small business owners typically associate with insurance companies. But that doesn’t mean empathy isn’t important to policyholders. Quite the opposite: Empathy demonstrated by...
NHTSA to Review if Pony.ai Complied With Crash Reporting Order
Mar 29 2022 // The National Highway Traffic Safety Administration (NHTSA) on Tuesday said it will review whether startup technology firm Pony.ai complied with government reporting requirements for driverless crashes. Pony.ai earlier this...
Texas Department of Insurance Reports Data Breach
Mar 25 2022 // The Texas Department of Insurance (TDI) became aware of a security issue on January 4, 2022 with a TDI web application that manages workers’ compensation information. TDI immediately took the application offline,...
Rate Hikes, Telematics, Data Science Leading Allstate Back to Profit
Mar 25 2022 // For the second time this month, a personal auto insurance giant devoted an investor conference to the topic of rate hikes, with Allstate executives also assuring listeners the carrier has various other tools to return to...
Ransomware Hackers Used AI Images, Microsoft Flaw in Campaign
Mar 18 2022 // A group of ransomware hackers used a variety of techniques to try breaching hundreds of companies last year, exploiting a vulnerability in Microsoft Corp.’s Windows and using artificial intelligence technology to...
How Data-Rich Telematics Is Accelerating the Future of Auto Insurance
Mar 7 2022 // Auto insurance pricing is complex, challenging carriers to deliver competitive rates that effectively balance risk with profit potential. Fortunately, the evolution of telematics has streamlined the pricing process to...
Lemonade Execs Expect ‘Peak Losses’ in 2022
Feb 25 2022 // With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over comparable 2020 periods—Lemonade guided shareholders that results will get...
