Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Andover Companies Among Investors in Reinsurance Startup Mereo
Feb 14 2025 // The Andover Companies, a long-standing mutual insurance group in the Northeast, is among the investors in Mereo Insurance, a Bermuda-based (re)insurance startup chaired by former AIG Executive Chairman and CEO Brian...
AI-Driven BPO: The Future of Insurance Operations
Feb 12 2025 // This post is part of a series sponsored by Selectsys. The insurance industry is undergoing a profound shift, and AI-assisted BPO (Business Process Outsourcing) is at the forefront of this transformation. Traditional BPO...
Thomson Reuters Wins AI Copyright ‘Fair Use’ Ruling
Feb 12 2025 // A federal judge in Delaware on Tuesday said that a former competitor of Thomson Reuters was not permitted by U.S. copyright law to copy the information and technology company’s content to build a competing artificial...
Ex-AIG Chief Duperreault Secures $700M for Mereo Reinsurance Startup
Feb 11 2025 // Mereo Advisors, a Bermuda-based firm chaired by former American International Group Inc. Chief Executive Officer Brian Duperreault, has secured more than $700 million to fund its new reinsurance operations. The company...
CFPB Disarray Puts Future Fintech, Bank Oversight Into Question
Feb 10 2025 // Less than two months ago, the Consumer Financial Protection Bureau was pumping out lawsuits against some of the world’s biggest firms, suing JPMorgan Chase & Co., Bank of America Corp. and Walmart Inc. within a...
OpenAI’s Stargate AI Venture Is Scouting for US Data Center Sites
Feb 7 2025 // ChatGPT maker OpenAI said on Thursday it is evaluating U.S. states as potential artificial intelligence data center locations for its massive Stargate venture, framing the project as a matter of urgency for the United...
AI Safety Institute Director Leaves Role
Feb 6 2025 // The U.S. AI Safety Institute’s inaugural director, Elizabeth Kelly, is departing her role on Wednesday, she said in a LinkedIn post, a move that leaves open the nascent government body’s direction under...
Startup Accused of Gouging LA Fire Victims on Rent
Feb 6 2025 // A venture capital-backed startup illegally jacked up rents for furnished apartments in Los Angeles — more than 50% in one example — after last month’s wildfires that destroyed thousands of homes, the city...
Viewpoint: Cyber Risk and AI – The Changing Landscape
Feb 5 2025 // Newswise — In today’s world of interconnected computer-based information systems, cyber risk has become one of the critical risk factors impacting organizations. Indeed, several studies have shown that cyber risk...
Australia Bans DeepSeek From Government Tech Over Security
Feb 5 2025 // Australia has banned DeepSeek AI services from all government systems and devices, becoming one of the first countries to take direct action against a Chinese artificial intelligence startup that shook Silicon Valley and...
Securities Class Actions Increase Again in 2024; AI-Related Filings Double
Feb 4 2025 // The number of securities class action filings increased for the second consecutive year in 2024, with artificial intelligence (AI)-related filings more than doubling from the previous year, according to a new report...
AI, Cybercrime Perceived as Top Insurance Risks: Kennedys
Feb 4 2025 // Artificial intelligence, cyberattacks or outages, and extreme weather events are the risks partners at global insurance law firm Kennedys perceive will have the biggest impacts on their markets in the next year, according...
LinkedIn Lawsuit Over Use of Customer Data for AI Models Is Dismissed
Feb 3 2025 // A proposed class action accusing Microsoft’s LinkedIn of violating the privacy of millions of Premium customers by disclosing their private messages to train generative artificial intelligence models has been...
DeepSeek’s AI Restricted by ‘Hundreds’ of Companies in Days
Jan 31 2025 // Companies and government agencies around the world are moving to restrict their employees’ access to the tools recently released by the Chinese artificial-intelligence startup DeepSeek, according to the cybersecurity...
Insurtech Qumis Raises $2.2M to Automate Policy Reviews With AI
Jan 30 2025 // Qumis, a lawyer-built AI-driven platform designed to transform insurance knowledge work, announced the close of an oversubscribed $2.2 million pre-seed funding round. The round was led by Armory Square Ventures with...
Tech Update: Aventum Invests $12 Million to Create Proprietary Tech Function
Jan 29 2025 // Aventum, the London-based international re/insurance group, is investing $12 million over two years to create an inhouse proprietary tech function across its global operations. The group now has 25% of its global workforce...
UnitedHealth Says Hack at Tech Unit Impacted 190 Million People
Jan 28 2025 // The cyberattack at UnitedHealth Group’s tech unit last year affected the personal information of 190 million people, the health conglomerate said on Jan. 24, making it the largest healthcare data breach in the United...
Insurtechs’ Approach to Wildfire Insurance: Part III – Faura
Jan 23 2025 // While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion...
Microsoft’s LinkedIn Sued for Disclosing Customer Information to Train AI Models
Jan 22 2025 // Microsoft’s LinkedIn has been sued by Premium customers who said the business-focused social media platform disclosed their private messages to third parties without permission to train generative artificial...
Flow Specialty Says Its AI Agent Passed RPLU Exams
Jan 22 2025 // Specialty wholesaler Flow Specialty said its artificial intelligence model has passed the Registered Professional Liability Underwriter (RPLU) exams for cyber, errors & omissions, and executive liability...
