Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Carrier Poll Shows Many Agents Expect Minor Tech Disruption by 2020
Jul 11 2017 // A new poll conducted by a Seattle, Wash.-based carrier that asked independent insurance agents what’s ahead in 2020 showed that roughly half of agents expect technology disruption to have a minor impact on their...
Silicon Valley Honors Munich Re US and Mozeika for Insurtech Leadership
Jul 11 2017 // A Silicon Valley innovation platform that connects technology startups, corporations and investors has recognized Munich Re, US for leadership in the insurtech space. The high-tech incubator and mentoring group known as...
Wisconsin’s Church Mutual: Outlook Upgraded; Sensor Technology Recognized
Jul 10 2017 // Merrill, Wis.-based Church Mutual Insurance Co. and its subsidiaries CM Vantage Specialty Insurance Co. and CM Regent Insurance Co. have earned a “positive” outlook for long-term issuer credit rating by A.M....
Looking at Insurtech the Wrong Way
Jul 10 2017 // Insurtechs stimulate a lot of debate among agents about the extent to which they pose a threat and what should be done to address it. Some dismiss the threat by analyzing flaws in a particular venture or mocking past...
Massachusetts’ Knight-Dik Insurance: 100 Years, Four Generations of Leadership
Jul 10 2017 // When Thomas Babb launched his insurance agency – Thomas Babb Insurance Agency – in an 11-story building in downtown Worcester, Mass., in 1917, he also launched a legacy that would span a century of growth and...
Insurtech Startup Buys MGA in California with Aim of Delivering Product for Agents
Jul 10 2017 // Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive...
Burand’s State of P/C Insurance Industry Part 2: How to Pick Winners as More Carriers Consolidate or Waste Away
Jul 9 2017 // Editor’s Note: This is the second of two articles by Burand based on his most recent 50-page whitepaper, State of the P&C Insurance Industry 2017. The whitepaper is available from Insurance Journal’s...
Q&A: How Driverless Car Technology Could Impact New York and Other States
Jul 6 2017 // Powered by InsuranceJournal.tv New York Governor Andrew Cuomo in May signed a budget bill into law allowing self-driving and self-parking cars to be tested for one year on New York public highways. Prior to this law going...
Haines Family Acquires Marias Technology from Buckeye Insurance
Jul 5 2017 // The Haines family has acquired Covington, Ohio-based insurance technology services provider, Marias Technology, from Buckeye State Mutual Insurance Co. The acquisition was effective June 30, 2017. Members of the Haines...
Chubb Launches New MasterPackage Policy for Tech Firms in UK, Ireland
Jul 5 2017 // Chubb has announced the launch of an expanded MasterPackage solution for technology companies domiciled in the UK and Ireland. The company described it as a comprehensive first and third party policy catering specifically...
Fearless Brokers on Disruption by Insurtech: ‘Bring It On’
Jul 5 2017 // Executives of retail and wholesale property/casualty brokers, who have heard predictions about disintermediation for years, are not worried about the latest wrinkle in the stories of their demise—the rise of insurtech...
Global Shipping Still Reeling from Cyber Attack; Insurers Warn of Coverage Gaps
Jun 30 2017 // Global shipping is still feeling the effects of a cyber attack that hit A.P. Moller-Maersk two days ago, showing the scale of the damage a computer virus can unleash on the technology dependent and inter-connected...
SUNZ in Florida Promotes Bolinder to COO, Appoints Distefano Chief Technology Officer
Jun 30 2017 // SUNZ Insurance Company, a large deductible workers’ compensation carrier, has promoted Karen Bolinder from director of Financial Operations to chief operating officer. In her new position, Bolinder will be...
Auto Insurance Market to Shrink by 70% by 2050: KPMG
Jun 29 2017 // Autonomous vehicle technology, a rise in on-demand transportation and a shifting of liability to manufacturers will shrink the auto insurance sector by more than 70 percent or $137 billion by 2050, according to updated...
Massachusetts’ Knight-Dik Insurance: 100 Years, Four Generations
Jun 28 2017 // When Thomas Babb launched his insurance agency – Thomas Babb Insurance Agency – in an 11-story building in downtown Worcester, Mass., in 1917, he also launched a legacy that would span a century of growth and four...
Southeast Michigan a Leader in Smart Road Technology
Jun 27 2017 // Southeast Michigan is becoming a leader in developing “connected” roads and traffic signals that will “talk” directly to the next generation of cars. The features are the building blocks that will...
Powered by Homegrown Insurtech, HCI to Expand Flood Insurance Sales to 9 States
Jun 26 2017 // As Congress tries to figure out how to change the federal flood insurance program to encourage more private insurer involvement, one insurer isn’t waiting to wade deeper into the private flood insurance business....
Insurtech Startup Buys MGA in California with Product for Agents in Mind
Jun 22 2017 // Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive...
UK Plans $1B-Plus Investment in Driverless & Electric Vehicle Technology
Jun 22 2017 // The UK government plans to invest more than 800 million pounds ($1 billion) in new driverless and zero-emission vehicle technology as it seeks to boost its economy while leaving the European Union. Investment in research...
Why Drivers Fear Driverless Cars
Jun 22 2017 // Davy Andrews is so adept at technology that he’s become the de facto IT troubleshooter in his office. But there’s one bit of tech he won’t touch: self-driving cars. “I wouldn’t want to be the...
