Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
As Storm Bebinca Approaches, Taiwan Uses AI to Predict Typhoon Paths
Sep 13 2024 // As tropical storm Bebinca barrels towards waters off northern Taiwan gathering strength into a possible typhoon, weather forecasters in Taipei are using a new and so far successful method to help track its path –...
OpenAI, Nvidia Executives Discuss AI Infrastructure Needs With Biden Officials
Sep 13 2024 // OpenAI Chief Executive Officer Sam Altman and Nvidia Corp. CEO Jensen Huang met with senior Biden administration officials and other industry leaders at the White House on Thursday to discuss how to fill the massive...
Top EU Privacy Regulator Opens Probe Into Google’s AI Compliance
Sep 12 2024 // The top EU privacy regulator opened an inquiry on Thursday into whether search engine giant Google adequately protected European Union users’ personal data before using it to help develop its foundational AI...
Getting the Green Light: Are High-Tech Upgrades Coming Soon to Roads?
Sep 10 2024 // The secret to avoiding red lights during rush hour in Utah’s largest city might be as simple as following a bus. Transportation officials have spent the past few years refining a system in which radio transmitters...
Texas-Based Insurtech Sigo Seguros Raises $5.1M in Pre-Series A Funding
Sep 10 2024 // Sigo Seguros, a Texas-based insurtech company that focuses on providing auto insurance services for immigrant and working-class communities, announced it has raised an additional $5.1 million in its pre-Series A funding...
Catalyit, Big I Partner on Tech-Adoption Support for Independent Agents
Sep 10 2024 // Catalyit, an insurance technology hub for independent insurance agents, is partnering with the Independent Insurance Agents & Brokers of America, Inc. (the Big “I”) to support independent insurance agents...
Commerce Department Looks to Require Reporting for AI, Cloud Providers
Sep 9 2024 // The U.S. Commerce Department said Monday it is proposing to require detailed reporting requirements for advanced artificial intelligence developers and cloud computing providers to ensure the technologies are safe and can...
Harnessing AI OCR Technology for Efficient Data Extraction
Sep 5 2024 // This post is part of a series sponsored by Selectsys. In today’s digital age, data is the lifeblood of the insurance industry. Accurate and efficient data extraction is crucial for streamlining operations, reducing...
Clearview AI Fined by Dutch Agency for Facial Recognition Database
Sep 5 2024 // U.S. facial recognition company Clearview AI has been fined 30.5 million euros ($33.7 million) for building what Dutch data protection watchdog DPA said on Tuesday was an illegal database. DPA also issued an additional...
Ascend Unveils Direct Bill Automation Solution for Insurance Brokers
Sep 4 2024 // Introducing the Only Comprehensive Platform for Agency Accounting Operations San Francisco, CA – September 4, 2024 – Ascend, the leading provider of accounting automation software to the insurance industry, is...
California Lawmakers Approve Legislation to Ban Deepfakes, Regulate AI
Sep 4 2024 // California lawmakers approved a host of proposals aiming to regulate the artificial intelligence industry, combat deepfakes and protect workers from exploitation by the rapidly evolving technology. The California...
California Advances Landmark Legislation to Regulate Large AI Models
Aug 30 2024 // Efforts in California to establish first-in-the-nation safety measures for the largest artificial intelligence systems cleared an important vote this week that could pave the way for U.S. regulations on the technology...
Lithium Startups Bet on High Demand in Battery-Powered Future
Aug 30 2024 // As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power everything from electric vehicles to cell phones, demand is projected to accelerate over the next decade. To...
US Appeals Court Takes Aim at Big Tech Liability Shield
Aug 29 2024 // A US appeals court has struck down a long-standing argument from social media platforms: that a federal law grants them blanket immunity from being held accountable for user harms – even the wrongful death of...
Converge Insurance CEO Talks Focus, Innovation and Perseverance
Aug 29 2024 // Converge Insurance CEO Tom Kang said one of his most important pieces of advice for other InsurTechs is a seemingly obvious but often overlooked point, and that is to remember the insurance part of InsurTech. “Maybe...
Texas Lawmakers Consider Regulations to Address Risks of Artificial Intelligence
Aug 28 2024 // A group of state lawmakers began wading through the complex world of artificial intelligence Tuesday, providing an early glimpse at how Texas may seek to regulate the booming technology. During a nearly four-hour hearing,...
Insurtech Root, Goosehead Partner on Tech Integration for Independent Agents
Aug 27 2024 // Root, Inc., parent company of Root Insurance Company, has partnered with personal lines insurance agency Goosehead Insurance, Inc. on a technology integration partnership they said will speed up Goosehead agents’...
Chinese Hackers Breach US Internet Firms Via Startup, Researcher Says
Aug 27 2024 // The state-sponsored Chinese hacking campaign known as Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers. Volt Typhoon has...
How Can You Create a World-Class Producer Experience? It Starts with Tech, Transparency, and Trust
Aug 27 2024 // This post is part of a series sponsored by AgentSync. If insurance producers are the lifeblood of your business, you need to compete on producer experience, and win. One could argue the entire insurance industry is a web...
People Moves: Miraglia and Rusas Join Alliant M&A from WTW; Embroker’s Maletsky Joins Hiscox’s Tech E&O
Aug 23 2024 // Peter Miraglia Alliant Insurance Services, headquartered in Irvine, California, hired Peter Miraglia as executive vice president, Alliant Specialty, within the company’s mergers & acquisitions vertical. Miraglia...
