Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Trump’s Antitrust Trio Heralds Big-Tech Crackdown to Continue
Dec 13 2024 // President-elect Donald Trump’s antitrust picks are likely to take a hard-line on the tech giants, and a harder line on corporate consolidation than the average Republican. All three of the new administration’s...
American Integrity Appoints Jon Ritchie as President: A Visionary Step Toward Growth and Innovation in 2025
Dec 12 2024 // Pioneering Innovation, Culture, and Leadership for the Future Tampa, FL, December 12, 2024 — American Integrity Insurance Group, a leading Southeast property insurer, is proud to announce the promotion of Jon Jon...
AI Safety Is Hard to Steer With Science in Flux, US Official Says
Dec 11 2024 // Policymakers aiming to recommend safeguards for artificial intelligence are facing a formidable challenge: science that is still evolving. AI developers themselves are grappling with how to prevent abuse of novel systems,...
Trump Names David Sacks as White House AI and Crypto Czar
Dec 6 2024 // Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent...
FDIC Looks to Direct Monitoring of Fintech Companies After Synapse Collapse
Dec 5 2024 // The Federal Deposit Insurance Corp. has started to directly monitor financial-technology companies that partner with banks across the US, according to people familiar with the regulator’s supervisory operations. The...
Alaska Airlines Tech Issue Briefly Grounded Planes in Seattle
Dec 4 2024 // A technology issue at Alaska Airlines resulted in the temporary grounding of flights in Seattle on Monday morning and problems into the afternoon for people trying to book flights on its website, the airline said. The...
Viewpoint: Artificial Intelligence Faces New Era of Regulatory Oversight
Dec 4 2024 // Executive Summary: With over 70% of insurers planning to deploy gen-AI tools over the next two years, AI promises much, and the keen adopters likely will be rewarded – but it’s a path that must be navigated...
China’s ByteDance Seeks $1.1M in Damages From Ex-Intern in AI Breach Case: Report
Dec 2 2024 // China’s ByteDance is suing a former intern for $1.1 million, alleging he deliberately attacked its artificial intelligence large language model training infrastructure, a case that has drawn widespread attention...
AI Used for Good and Bad — Like Making Trickier Malware, Says Report
Nov 26 2024 // While the insurance industry is quickly adopting AI technologies to improve the speed and accuracy of routine functions, analyze data and assess risk, malicious actors use the same tech to disrupt business and profit from...
Class Action Lawsuit on AI-Related Discrimination Reaches Final Settlement
Nov 25 2024 // Mary Louis’ excitement to move into an apartment in Massachusetts in the spring of 2021 turned to dismay when Louis, a Black woman, received an email saying that a “third-party service” had denied her...
Bank of Japan Governor Warns AI Could Bring New Financial Stability Risks
Nov 21 2024 // Bank of Japan Governor Kazuo Ueda said on Thursday central banks must be mindful that technological advances, such as in the area of artificial intelligence (AI), could bring new risks to financial stability. “As...
AI Weather Models Have Shown Promise This Hurricane Season
Nov 19 2024 // When Hurricane Beryl was rushing across the Atlantic basin in July, the weather forecasting tool made by Google Deepmind, the tech company’s artificial intelligence unit, saw something other models missed....
AI Revolution in Insurance: Opportunities and Legal Pitfalls
Nov 18 2024 // The insurance industry is in the midst of a digital revolution, with artificial intelligence (AI) at the heart of it. From streamlining claims processing to creating personalized policies, AI has quickly become a vital...
Oklahoma Insurance Commissioner Issues Bulletin on Use of AI
Nov 15 2024 // Oklahoma Insurance Commissioner Glen Mulready issued a bulletin providing insurers with regulatory guidance on the use of artificial intelligence. The bulletin, which was adopted by the National Association of Insurance...
FTC’s Holyoak Concerned AI Collecting Children’s Data
Nov 15 2024 // U.S. Federal Trade Commissioner Melissa Holyoak said on Thursday the agency should look into how artificial-intelligence products use the data they gather from younger users, amid privacy and safety concerns. Holyoak, one...
Argentina Fintech Ualá Raises $300 Million in Round Led by Allianz X
Nov 13 2024 // Argentine fintech company Ualá has raised $300 million from investors at a valuation of $2.75 billion, the latest funding haul for one of the most valuable startups in Latin America. The Series E round was led by Allianz...
AI Thermostats Pitched for Texas Homes to Relieve Stressed Grid
Nov 8 2024 // Three of the biggest names in US home energy automation are coming together to offer some relief to the beleaguered Texas electrical grid. Power supplier NRG Energy Inc. is partnering with Renew Home LLC to distribute...
Viewpoint: Are You Covered for AI Risks?
Nov 8 2024 // You can’t go anywhere without hearing about the impact of generative artificial intelligence on … well, everything. The insurance industry is not immune from these impacts; it has been affected by AI in countless...
Tech Update: WTW Unveils Machine-Led Solution to Enhance Insurance Reserving
Nov 8 2024 // Insurance broker WTW announced the launch of ResQ Machine-led Reserving, which WTW describes as a game-changing technology for insurers and reinsurers to enhance accuracy and efficiency in property/casualty reserving. ResQ...
‘Pivotal’ Q3 Sees Insurtech Root Achieves Net Income Profit for the First Time
Oct 31 2024 // For the first time in the company’s history, Root Inc. recorded a quarterly net income profit. The Columbus, Ohio-based parent company of Root Insurance founded in 2015 recorded third quarter net income of about $23...
