Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
When Coverage Isn’t Enough: Managing Risk a Challenge for Insureds
Dec 2 2013 // Companies of all types and sizes are facing increased risks, but many are not putting adequate programs in place to manage those risks, according to a Zurich-sponsored study by Forbes Insights. As a result, companies are...
Applied Systems Acquired by Hellman & Friedman from Bain Capital for $1.8B
Nov 26 2013 // Applied Systems Inc., a leading insurance software provider, said it has agreed to be acquired by investment funds advised by private equity firm Hellman & Friedman LLC. The company is being acquired from the global...
Car Makers Offered Relaxed Regulation for Installing Ignition Lock Tied to Seat Belt Use
Nov 19 2013 // A U.S. regulator’s offer to relax auto safety rules for manufacturers that install technology to prevent drivers from starting a car unless seatbelts are fastened drew swift opposition from safety advocates. Cars...
Big ‘I’ 2013 Best Practices Study Finds Increases in Specializations, Profitability
Nov 15 2013 // The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) released its 2013 Best Practices Study which found an increase in agencies with specializations, expansion of technology...
PLUS Conference: Global Risks, Governance and Hypocrisy
Nov 5 2013 // America’s European allies are being hypocritical in their complaints about the U.S. spying on them because they all have their own surveillance programs, according to two former top officials in the Clinton...
Mayes Joins ANV to Lead New Technology E&O and Intangible Risk Team
Nov 5 2013 // Netherlands-based ANV Holdings BV announced that Phil Mayes will lead its new Technology E&O and Intangible Risk Underwriting team. He will be responsible for “building and running the new division which will...
Technology Spurs Industry, Government Modernization
Nov 4 2013 // Technological innovations are revolutionizing how businesses and consumers operate — prompting quick action from the insurance industry and the government to enable people to adopt and embrace this rapidly emerging...
Rusbuldt on McKinsey 5: Where Will Agents Really Be in 5 to 10 Years?
Nov 1 2013 // Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big “I”- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this...
Virginia High Court Reverses Verdict in Virginia Tech Shootings
Oct 31 2013 // Virginia Tech University couldn’t have foreseen the rampage of a lone gunman who initially shot two people to death and later killed 30 more, the Virginia Supreme Court ruled, reversing a wrongful death verdict...
Why McKinsey’s Prediction of Demise of Independent Agents Is ‘Dead Wrong’
Oct 28 2013 // A recent report from McKinsey & Co. had some bad news for local property/casualty insurance agents— many of them will be out of business within the next five to 10 years. McKinsey contends that “the economics...
Tech Risks Threaten Supply Chain More Than Weather: Guy Carpenter
Oct 21 2013 // Technology failure and cyber attacks represent a greater threat to most organizations than adverse weather, fire and social unrest combined, according to a new report by Guy Carpenter. The report, “Tomorrow Never...
Snowden Leaks, NSA Activities Complicate Push for Cybersecurity Law
Sep 26 2013 // Senior U.S. officials on Wednesday sought to mend fences with the technology industry as they renewed their pleas for legislation to increase the flow of information about cyber attacks between federal agencies and private...
Tech Firm Trōv Promises to Reinvent ‘Insurance to Value’ for P/C Industry
Sep 25 2013 // A high tech start-up is promising to raise the standard for determining “insurance to value” by giving property/casualty insurance companies and brokers access to real-time data on their upscale insureds’...
Technology, Not Presidents, Drives Healthcare Costs
Sep 23 2013 // Last week I attended Brookings Papers on Economic Activity to watch some of the smartest economists in America debate some of the most interesting papers. The very first paper presented is of particularly timely interest:...
Crowdsourcing and the New Risks of Emerging Technology
Sep 23 2013 // At its peak in 1996 Kodak – then the world’s largest camera maker and photo film supplier – had revenues in excess of $16 billion and employed more than 145,000 people. But after 130 years in business, the...
2013 BrokersLink Conference to Focus on Partnerships, Technology
Sep 16 2013 // BrokersLink, one of the world’s largest independent insurance broker networks, whose members manage premium volumes in excess of $14 billion, announced that its fifth annual global conference will be held in...
David Wroe Named to Astonish Board of Directors
Sep 13 2013 // Warwick, RI, 9/13/13 – Astonish, a leading technology, marketing, and training company dedicated solely to the needs of insurance agencies, announces the election of David Wroe to its board of directors. Wroe started his...
Hiscox Adds Cyber Crime Protection for Small, Medium-Sized Businesses
Sep 11 2013 // Hiscox, the international specialist insurer, has added a new cyber crime protection endorsement to its technology privacy cyber portfolio. The cyber crime coverage option provides additional protection against growing...
KKR to Buy Claims Technology Firm Mitchell in $1B Deal
Sep 6 2013 // KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, agreed to buy ., the first buyout by the firm’s technology group since the head of the team stepped down earlier this year. The...
Google Tests Self-Driving Car at Virginia Tech
Sep 5 2013 // Google is working with Virginia Tech researchers to bring its vision of cars that can drive themselves one step closer to reality. The technology company spent the past month in Blacksburg testing one of its self-driving...
