Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Woman Pleads Guilty to Defrauding Rhode Island Tech Company of $500K
Apr 4 2019 // A Massachusetts woman has pleaded guilty to defrauding a Rhode Island technology company out of more than $550,000 in reimbursements for business expenses. Jill Martinho entered her plea to wire fraud and willfully making...
Tech Firms Face Fines and Jail for Failure to Remove Violent Content in Australia
Apr 4 2019 // Australia will fine social media and web hosting companies up to 10 percent of their annual global turnover and imprison executives for up to three years if violent content is not removed “expeditiously” under...
How Insurtech Will Revolutionize Inland Marine by Cutting Costs
Apr 4 2019 // Insurtech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even hard-to-place, small or one-off inland marine risks at the best possible...
IA Capital Group Raises $150 Million for Insurtech Investing
Apr 4 2019 // IA Capital Group, an insurtech-focused venture capital firm, said it has raised $150 million across three funds. The three funds are Inter-Atlantic Stonybrook Insurtech Ventures, focusing on property/casualty insurtech;...
Modernization on the Mind of Texas Insurance Commissioner
Apr 2 2019 // Powered by InsuranceJournal.tv Note: This is the first of a three-part series resulting from a conversation with Texas Insurance Commissioner Kent Sullivan. Becoming the chief insurance regulator of a large and populous...
How Errors & Omissions Lawsuits May Change
Apr 1 2019 // Artificial Intelligence and Private Equity Investments Will Play an Increasing Role Plaintiff attorneys, at least the smart ones, must make sales decisions, too. Whereas a smart producer will create a pipeline that filters...
How Drones and Aerial Imagery Use Rose to New Heights Post 2018 Catastrophes
Apr 1 2019 // The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes...
Rates, Lower Loss Frequency, Innovation Drove Personal Auto Market Turnaround
Mar 29 2019 // After a weakened performance in 2015-2016, the U.S. private passenger auto segment has turned around as rate actions and underwriting initiatives have driven a 3.8-point year-over-year improvement in the sector’s...
Hannover Re Offers Match-Making Service for Insurtechs, Insurers Called ‘hr | equarium’
Mar 27 2019 // Insurtech companies across the globe have created an abundance of innovative solutions and services that span the insurance value chain. However, the challenge for both insurers and insurtechs is how to find the best...
Despite Licensing Hassles, More Doctors Moving to Telemedicine
Mar 27 2019 // Most doctors have a license to practice medicine in just one state. Lindsey Mcilvena can practice in 26. “I’ve lost track a little bit,” she said of all her medical licenses. Mcilvena is a telemedicine...
Florida Insurtech HoneyQuote Rolls Out Real-Time Rating Engine, Adds Heritage to Platform
Mar 26 2019 // HoneyQuote.com has added a new carrier partner and launched its real-time rating engine, which lets Florida homeowners compare multiple home insurance quotes and purchase a policy online. The application is backed by...
Microsoft Exec Says It’s Time to Revisit Big Tech’s Responsibility for Its Content
Mar 25 2019 // Microsoft Corp. President Brad Smith has called for a broad effort by the technology sector to do more to halt posting and accessing of violent materials like the videos of killings from the recent terrorist attacks in New...
Q&A: Mitchell International’s Hatamian Talks Workers’ Comp’s Tech Transformation
Mar 22 2019 // Powered by InsuranceJournal.tv Mitchell International’s product management and strategy group leader, Shahin Hatamian, recently spoke with Insurance Journal’s Elizabeth Blosfield about how technology has been...
Norsk Hydro Cyber Attack Exposes Risks of Global Supply Chain Disruptions
Mar 20 2019 // The ransomware attack crippling one of the world’s top aluminum makers is exposing how crucial sophisticated digital systems have become in the centuries-old industry of turning mined rock into metal...
Why Drivers, Like Pilots, Should Be Trained to Use Autonomous Features
Mar 20 2019 // Should drivers using vehicles with autonomous features be trained on those features before they get behind the wheel? A new paper, “What Do We Tell the Drivers? Toward Minimum Driver Training Standards for Partially...
Brexit Makes It Harder for Fintech, Financial Services Firms to Recruit Top Talent: Report
Mar 19 2019 // Leaving the European Union is making it harder for fintech firms in Britain to recruit top talent, a report said on Tuesday, threatening to slam the brakes on a 7 billion pound ($9 billion)growth sector just as EU states...
U.S. Fintech Firm to Buy Worldpay for $35B in Biggest Ever Digital Payments Deal
Mar 18 2019 // Fidelity National Information Services Inc. (FIS) agreed to buy Worldpay for about $35 billion on Monday, with the U.S. financial services provider striking the biggest deal to date in the fast-growing electronic payments...
Nevada Mulling ‘Textalyzer’ Tech That Scans Cellphones After Crashes
Mar 18 2019 // Most states ban texting behind the wheel, but a legislative proposal could make Nevada one of the first states to allow police to use a contentious technology to find out if a person was using a cellphone during a car...
How Laws Will Tell Humans From Robots Is No Joke: Viewpoint
Mar 18 2019 // There’s a lot of loose talk about convergence between people and robots. As some see it, the rise of artificial intelligence will make humans obsolete — or at least force people to think more like machines. Whether...
People
Mar 18 2019 // National Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to president and CEO, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali...
