Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Insurtech Root Finishes 2024 With First Yearly Profit
Feb 27 2025 // Root Inc. followed up its first ever quarterly net profit in the third quarter with another in the last quarter of 2024, and finished with the first profitable year in the company’s history. The Columbus, Ohio-based...
Claims Service, Tech, Communication Top Independent Agent Concerns
Feb 26 2025 // Claims, communication, and technology are the top three concerns for independent agents when placing new business with a carrier, according to insurtech Vertafore. The findings were the result of a survey of nearly 1,300...
Google’s AI Previews Erode the Internet, Educational Tech Company Says in Lawsuit
Feb 25 2025 // Alphabet’s Google internet search engine is eroding demand for original content and undermining publishers’ ability to compete with its artificial intelligence-generated overviews, a U.S. educational technology...
Google to Be Hit With EU Charges of Breaching Big Tech Rules, Sources Say
Feb 24 2025 // Alphabet unit Google is set to be charged with breaching EU rules aimed at checking the power of Big Tech after proposed changes to its search results failed to address the EU antitrust regulator’s concerns and those...
AI ‘Hallucinations’ in Court Papers Spell Trouble for Lawyers
Feb 19 2025 // U.S. personal injury law firm Morgan & Morgan sent an urgent email this month to its more than 1,000 lawyers: Artificial intelligence can invent fake case law, and using made-up information in a court filing could get...
Bain Capital Backs Israeli AI Cybersecurity Startup Dream at $1.1 Billion Valuation
Feb 19 2025 // Dream, an artificial intelligence company that provides cybersecurity services to governments and critical infrastructure operators such as hospitals and utilities, has raised $100 million at a $1.1 billion valuation. Bain...
AI-Assisted BPO: Transforming Submission Automation and RQB for Insurers
Feb 18 2025 // This post is part of a series sponsored by Selectsys. In today’s fast-paced insurance landscape, AI-assisted BPO is redefining operational efficiency, combining human expertise with AI-driven automation to enhance...
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...
