Latest Data Driven Headlines
All the headlines from our Data Driven Topic Page, ordered by recency.
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...
Insurers Deploy Predictive Analytics, Artificial Intelligence in Fraud Fight
Feb 7 2022 // Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to sift through data, according to a new study by the Coalition Against...
All Additional Insureds Aren’t the Same
Feb 7 2022 // For at least the past couple of decades, it seems that in just about every contract, the upstream party wants to be an additional insured (AI) on the downstream party’s insurance. Most commonly, the request is for AI...
Insurers Deploy Predictive Analytics, Artificial Intelligence in Fraud Fight
Jan 31 2022 // Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to sift through data, according to a new study by the Coalition Against...
Insurance Technology: Great American, Assurely Offer D&O for Tech Startups; Tractable AI Assesses Building Damages; Pie Offers Pay-As-You-Go
Jan 25 2022 // Great American Insurance and Assurely Offer D&O to Startup Firms The Executive Liability division of Great American Insurance Group and the insurtech, Assurely, announced an agreement to offer directors and officers...
American Financial Buys Artificial Intelligence Company Verikai
Jan 21 2022 // American Financial Group (AFG) recently acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk. AFG said it paid approximately $120...
2022 Means More Claims Data From Florida Insurers, Notification on Surplus Lines
Jan 3 2022 // New Florida laws and regulations that govern insurance matters took effect Sunday. Some are minor changes to existing laws, but others could affect insurers and agents for years to come. Here’s a look at some of the...
Miami Court Finds IDS Property Insurance Withheld Data on PIP Cases
Dec 29 2021 // In a class-action lawsuit that could affect no-fault auto insurance companies around the country, a Miami judge has sanctioned an insurer for willfully failing to turn over data that could show it was inappropriately...
Machine Learning Improves Lightning Prediction, Leading to Insight on a Key Wildfire Spark
Dec 29 2021 // Lightning’s destructive potential was showcased in 2020 when it sparked the massive California Lightning Complex fires, but it remains hard to predict. According to a new study led by the University of Washington,...
