Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Orchid Insurance, Specialty Lines Startup CrossCover Form CAT-Focused MGU
Jun 26 2020 // Orchid Underwriters Agency, LLC, an independent managing general underwriters focused on catastrophe-exposed residential and commercial lines properties, has launched CrossCover Insurance Services, a new MGU that will...
Senators Propose ‘Scalpel, Rather Than Jackhammer’ to Reform Internet Liability
Jun 25 2020 // Two U.S. senators on Wednesday introduced legislation to reform part of a federal law that largely exempts tech platforms such as Facebook and Twitter from legal liability for the material their users post. The...
Winners Announced for 5th Annual Efma-Accenture Innovation in Insurance Awards
Jun 22 2020 // Efma, an association of more than 3,300 retail financial services companies in 130 countries, and Accenture, the professional services company, have announced the winners of the fifth annual Innovation in Insurance Awards...
AI-Powered Supply Chain Software in Demand Amid Coronavirus Disruption
Jun 19 2020 // For the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all their suppliers in a way that minimizes risks in operating globally spread...
Justice Department Outlines Proposed Overhaul of Social Media Immunity
Jun 19 2020 // The Justice Department on Wednesday outlined a broad overhaul of legal protections for online platforms such as Alphabet Inc.’s Google and Facebook Inc. if they deliberately promote illegal speech on their...
Insurtech Buckle Acquires Atlas Financial’s Commercial Auto Subsidiary, Gateway
Jun 17 2020 // Buckle, an insurtech startup focused on rideshare insurance, has acquired Gateway Insurance Co., a subsidiary of Schaumburg, Illinois-based Atlas Financial Holdings, for an undisclosed price. The move allows Buckle to...
Trump Administration to Unveil Proposal for Changing Immunity for Tech Platforms
Jun 17 2020 // The U.S. Justice Department will propose legislation as soon as Wednesday to try to remove protections that big tech platforms like Alphabet’s Google and Facebook have had for decades, a department official said on...
Smart Cameras at Amazon Provide Real-Time Social Distancing Feedback to Employees
Jun 16 2020 // Amazon Inc. is pairing cameras with artificial intelligence to enforce social distancing among employees in its offices and warehouses. The system gives employees real time feedback on whether they are complying with the...
Nationwide Insurance Joins Investors in Planck’s $16 Million Financing Round
Jun 15 2020 // Nationwide, eyeing the possibilities with technology startup Planck’s small commercial insurance data platform, has joined the company’s latest financing round. Planck recently raised $16 million in a Series B...
How Construction Companies Can Make the Most of Technology Advancements
Jun 15 2020 // As one of the oldest industries, construction has been notoriously slow to adopt technological advancements and embrace the digital age. However, in the last decade, many innovative technologies have gained traction in the...
Insuretech Noblr Enters Louisiana Auto Insurance Market
Jun 12 2020 // Behavior-based auto insurance from Noblr is now available in Louisiana, the company said. The company provides an app-powered, personalized car insurance experience that rewards members’ good driving behaviors with...
Insurtech Zego Partners with Telematics Firm ABAX to Lower Fleet Insurance Costs
Jun 11 2020 // Insurtech Zego has partnered with global telematics firm ABAX in a move designed to drive down the cost of insurance for fleet owners. While some fleets already use on-board telematics devices to improve efficiency, many...
New York DFS Launches Program to Drive Innovation Post-Pandemic
Jun 10 2020 // The New York State Department of Financial Services (DFS) has launched DFS FastForward, a new program to support innovators seeking to deliver new solutions in financial services, fintech, insurtech and healthtech for New...
Captives Can Be an Insurtech Accelerator
Jun 10 2020 // With the immense financial and operational challenges brought on by the spread of the COVID-19 pandemic, many insurers have had to dramatically cut back on insurtech funding. Insurtech solutions were starting to help...
Insurtech MGA Hippo to Buy Its Carrier Partner Spinnaker Insurance
Jun 5 2020 // Home insurance insurtech agency Hippo plans to acquire New Jersey-based Spinnaker Insurance Co., an insurer with which it has has had a three-year partnership. The deal, first reported by Carrier Management, is designed to...
Tech Group Sues Trump Over Order Weakening Social Media Immunity
Jun 3 2020 // An advocacy group backed by the tech industry sued President Donald Trump on Tuesday over his executive order that would weaken a law protecting online platforms including social media companies that label or fact-check...
AXA XL Construction Ecosystem Platform Offers Risk Insights for Contractors
Jun 2 2020 // AXA XL’s North America Construction insurance business is launching the Construction Ecosystem, a digital platform that aggregates data to provide AXA XL’s contractor clients with insights to help manage risks...
Homeowners Insurtech Openly Expands into Kentucky
Jun 1 2020 // Openly Insurance, a tech-forward company that specializes in premium homeowners insurance, is expanding into Kentucky, the fifth state it is offering its product in to date. Kentucky makes it the fifth state to now offer...
New Lawsuit Filed Against Virginia Tech Over Hazing
May 29 2020 // Another former cadet has filed a lawsuit against Virginia Tech over being suspended in connection with a blood-pinning ceremony. The lawsuit filed Wednesday in federal court alleges the university violated the due process...
Google Urges EU to Use Current Laws, Not New Ones, to Regulate Artificial Intelligence
May 29 2020 // Google has called on the European Union to use current EU laws to govern the use of artificial intelligence rather than draft new ones and cautioned against a one size fits all regulatory framework because of AI’s...
