Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Insurtech Accelerant Weighs IPO or Private Share Sale, CEO Says
Jul 25 2023 // Accelerant is planning to raise fresh capital next year in a deal that could result in the specialty insurance provider making its debut on the stock market, its CEO and co-founder told Reuters on Monday. The Cayman...
Markets/Coverages: Insurtech Loadsure Launches Ocean Cargo, Stock Throughput Cover
Jul 21 2023 // Insurtech Loadsure announced the launch of digital ocean cargo and stock throughput insurance products: “Danube – Dynamic Ocean Cargo Insurance” and “Huron.” Loadsure described the products as...
New York Technology Firm Sued for Not Hiring Engineer Who Is Deaf
Jul 21 2023 // A Rochester, New York technology firm has been charged with allegedly violating federal law by ending its interview with and failing to hire a qualified applicant for an engineering role because he is deaf. According to a...
People Moves: RenRe Promotes Lang to Group Chief Risk Officer, Succeeding Branagan; AXIS Taps Former Corvus Exec as Head of Global Cyber & Technology
Jul 20 2023 // This edition of International People Moves details appointments at RenaissanceRe and AXIS Capital Holdings. A summary of these new hires follows here. RenaissanceRe Promotes Lang to Group Chief Risk Officer, Succeeding...
Tesla Sues Australia’s Cap-XX Over EV Battery Technology Patents
Jul 18 2023 // Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe two U.S. patents owned by a Tesla subsidiary. Tesla CEO...
Claims Insurtech Tractable AI Raises $65M in Funding Led by SoftBank
Jul 18 2023 // Tractable, the London-based insurtech that uses artificial intelligence (AI) for visual claims assessments and disaster recovery, announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors...
Buffalo Supermarket Shooting Victims Sue Facebook, Amazon, Other Tech Giants
Jul 14 2023 // Tech and social media giants like Facebook, Amazon and Google bear responsibility for radicalizing the Buffalo supermarket shooter, who was fueled by racist conspiracy theories he encountered online, the victim’s...
People Moves: AIG’s Jainchill Joins Lockton as U.S. Cyber & Technology Product Leader
Jul 6 2023 // Lockton Adds Jainchill as U.S. Cyber & Technology Product Leader Lockton in New York, N.Y has hired Chuck Jainchill as its U.S. cyber and technology product leader. Jainchill joins Lockton after 16 years at AIG, where...
Insurtech Honeycomb Given Approval to Write Policies in Indiana
Jul 5 2023 // The Indiana Department of Insurance has given Honeycomb Insurance approval to write policies statewide. The digital insurer has built proprietary technology offering comprehensive insurance coverage for apartment...
Ransomware Attack Hits Japan’s Biggest Port, Disrupting Cargo Shipments
Jul 5 2023 // Japan’s biggest maritime port was crippled by an alleged Russian cyberattack, disrupting cargo as operators rushed to prevent a wider delay in shipments. Ransomware — used by hackers to lock access to files or...
Tech Group Sues Arkansas Over Law Requiring Parental Permission for Minors Creating Social Media Accounts
Jul 3 2023 // LITTLE ROCK, Ark. (AP) – A tech industry trade group sued Arkansas on challenging a new state law that requires parental permission for minors to create social media accounts. NetChoice, a group whose members include...
Insurtech Root Says it Has No ‘Actionable’ Bid
Jun 30 2023 // Root Inc. said Thursday that it does not currently have an actionable bid for its acquisition. Thursday’s statement was issued following reports Root had received a bid from Embedded Insurance. The Columbus,...
Construction/Engineering Sector Ranks BI/Supply Chain Disruption as Top Risk
Jun 23 2023 // Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by soaring construction costs, supply chain disruptions and labor shortages, according...
Collaboration is Key for InsurTechs in a Challenging Environment
Jun 21 2023 // Powered by InsuranceJournal.tv On this episode of The Insuring Cyber Podcast, two InsurTech CEOs shared their perspectives on InsurTech’s role in the insurance industry, and both agreed that disruption was never the...
Microsoft Says Early June Disruptions to Outlook, Cloud Platform Were Cyberattacks
Jun 19 2023 // In early June, sporadic but serious service disruptions plagued Microsoft’s flagship office suite – including the Outlook email and OneDrive file-sharing apps – and cloud computing platform. A shadowy hacktivist...
Insurtech Thinksurance Raises $24M
Jun 19 2023 // Thinksurance, a Frankfurt, Germany-headquartered insurtech specializing in digital insurance consultations for commercial and industrial clients in Europe, has raised $24 million in new funding. The capital comes from new...
Construction/Engineering Sector Ranks Biz Interruption/Supply Chain Disruptions as Top Risk
Jun 19 2023 // Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by soaring construction costs, supply chain disruptions and labor shortages, according...
How Carriers and MGAs Can ‘Kick the Tires’ and Stay On Point with Their Tech Investments
Jun 19 2023 // Car enthusiasts know there’s nothing quite as exhilarating as driving off the lot with a brand-new automobile. That moment when you hit the open road for the first time marks the culmination of an exciting and...
People Moves: Howden Hires 3 for Casualty in London, Bermuda; Aon Names Fakkel CTO, Strategy & Tech Group; Everest Re Taps AIG’s Gallagher as Head of U.S. Facultative
Jun 15 2023 // This edition of International People Moves details appointments at Howden Broking, Aon and Everest Re. A summary of these new hires follows here. Howden Hires 3 for Casualty Team in London, Bermuda Howden, the...
Lloyd’s and Dubai Partner to Launch Insurtech Accelerator
Jun 13 2023 // Lloyd’s, the marketplace for commercial, corporate and speciality risk solutions, has announced a partnership with Dubai’s Department of Economy and Tourism (DET) to facilitate growth opportunities for...
