Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
A Los Angeles Actuary on Lessons From the Palisades Fire
Jan 16 2025 // I watched as the skies over my home in Los Angeles turned an apocalyptic orange on January 7, 2025, as wildfires raged across the state. Among the most devastating, the Palisades Fire consumed thousands of acres, leaving a...
Biden Signs Executive Order to Ensure Power for AI Data Centers
Jan 15 2025 // President Joe Biden signed an executive order on Tuesday to provide federal support to address massive energy needs for fast-growing advanced artificial intelligence data centers, the White House said. The order calls for...
Baltic Sea Cable Cuts Can’t Be Accident, EU Tech Chief Says
Jan 14 2025 // The European Union’s new digital chief, Henna Virkkunen, suggested the repeated damage to undersea cables in the Baltic Sea couldn’t be fully accidental, as leaders from the region prepare to gather for a NATO...
Moody’s to Acquire Geospatial AI Firm CAPE Analytics
Jan 13 2025 // Moody’s Corp. has agreed to acquire CAPE Analytics, which provides geospatial AI intelligence for residential and commercial properties. Moody’s said the deal will create a property database capable of...
Meta Knew It Used Pirated Books to Train AI, Authors Say
Jan 10 2025 // Meta Platforms used pirated versions of copyrighted books to train its artificial intelligence systems with approval from its CEO Mark Zuckerberg, a group of authors alleged in newly disclosed court papers. Ta-Nehisi...
Berkshire Shareholder Seeks Committee to Oversee AI at Buffett’s Company
Jan 8 2025 // A Berkshire Hathaway shareholder wants a committee of independent directors to oversee risks associated with artificial intelligence at the dozens of companies in Warren Buffett’s conglomerate. Tulipshare, an...
Deep Vector Closes $1.5M Round Co-Led by Aperture and InsurTech NY
Jan 8 2025 // Deep Vector, an artificial intelligence (AI) platform for analyzing underwriting documents, closed its seed round of $1.5 million, co-led by Aperture Venture Capital and InsurTech NY. Deep Vector helps insurers and brokers...
Israel Cyber Firms Raise $4 Billion in 2024 on Surge of Cloud, AI Security Needs
Jan 8 2025 // Israeli cybersecurity firms raised $4 billion in 2024, more than double that of 2023, led by firms seeking to protect the cloud along with a surge in artificial intelligence, global venture capital firm YL Ventures said on...
Artificial Intelligence Energy Demand Is Driving Climate Tech Investing
Jan 8 2025 // Energy startups have overtaken the makers of electric cars and batteries as the top global climate tech investment for the first time since 2020. They’ve done so as the growing demand for artificial intelligence has...
Viewpoint: Innovation Enhances Brokers’ Growth and Profits
Jan 7 2025 // Boosting growth and profitability is a goal for all U.S. insurance agents and brokers, but until recently that has been easier to assert than to achieve consistently. Booking organic growth is difficult, even for firms...
Old Republic Starts New Company for Cyber, Tech E&O
Jan 7 2025 // Old Republic International Corp. said it is forming a new subsidiary for cyber and technology errors and omissions insurance products. CJ Pruzinsky Old Republic Cyber Inc. will be led by CJ Pruzinsky, formerly of...
New York State Government to Monitor Its AI Use
Dec 30 2024 // New York state government agencies will have to conduct reviews and publish reports that detail how they’re using artificial intelligence software, under a new law signed by Gov. Kathy Hochul. Hochul, a Democrat,...
Generative AI: A Double Agent Serving Good and Evil in the World of Claims
Dec 30 2024 // Claims professionals need to adapt to the AI evolution at a fast pace as the same technologies used to fight claims fraud are also being used to perpetuate it, according to experts. “It’s truly become an arms...
The War on Wildfires Is Going High-Tech
Dec 27 2024 // Last December, a farmer was burning dry grapevines in his vineyard in Deir Mar Moussa, a hill town a dozen miles east of Beirut known for its 18th century monastery and stands of pine forest. Usually this would be...
CFPB Sues Walmart, Fintech for Illegally Opening Accounts
Dec 23 2024 // Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers of the world’s largest retailer without their consent, a US consumer protection agency said on...
US House Task Force Releases ‘Blueprint’ for Federal AI Responsibility
Dec 18 2024 // A U.S. House of Representatives task force on artificial intelligence on Tuesday released a report of more than 250 pages outlining the potential benefits and harms of the technology. The 24 members of the bipartisan House...
AI Focal Point of Cybersecurity Outlook for 2025, Says Experian
Dec 17 2024 // Artificial intelligence is at the center of Experian’s annual breach forecast due to its enabling capabilities. Michael Bruemmer, vice president of global data breach resolution at information services company, said...
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,...
