Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Canadian Insurtech MGA Foxquilt Raises Seed Funding to Develop Small-Biz Platform
Jul 9 2020 // A Canadian insurtech focused on small business insurance said it raised $3.5 million in seed financing. Foxquilt, a Toronto-based MGA startup, said the funding will help it become a full-service insurance provider with a...
Lloyd’s Innovation Accelerator Focuses on COVID-19 Market Response with 3 Insurtechs
Jul 8 2020 // Lloyd’s has started work with three insurtech startups to help the market respond to the COVID-19 pandemic. As part of its package of measures to respond to the COVID-19 pandemic, Lloyd’s has expanded the...
UK-Based Tech Platform Xchanging Hit by Ransomware Attack
Jul 6 2020 // DXC Technology announced that certain systems of its subsidiary, Xchanging, have experienced a ransomware attack. Xchanging is primarily an insurance managed services business that operates on a standalone basis. Tysons,...
Maryland Insurance Commissioner Birrane Sees State as Leader in Tech Innovation
Jul 2 2020 // Maryland Insurance Commissioner Kathleen Birrane has been in her new role for nearly two months, and she already has big plans for the state to establish itself as a leader in the tech space. “I’d like to see...
Insurtech MGA Delos, Canopius to Offer Wildfire Protection Coverage in California
Jun 29 2020 // Delos Insurance Solutions, a property insurtech managing general agent (MGA), has created a new insurance product with Canopius US Insurance designed to improve the homeowners insurance options for those living in wildfire...
Cybersecurity Firm Exposes Chinese Tax Software’s Malware That Endangers Networks
Jun 26 2020 // When a U.K.-based technology vendor started doing business in China, it hired a cybersecurity firm to proactively hunt for any digital threats that could arise as part of doing business in the country. The firm discovered...
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...
Beazley Launches Contingency Policy Covering Virtual Event Organizers
Jun 22 2020 // Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels a live virtual event. The insurer acknowledged that streaming live events is not...
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...
Hotels’ Coronavirus Recovery Offerings Include Robots, Purifiers, Nonstop Elevators
Jun 19 2020 // Set in the kelly-green hills of Ireland’s County Clare, Dromoland Castle is the type of getaway that never sits empty. Why would it, with a pampering spa tucked behind 16th century walls, a par-72 championship golf...
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...
Sailors Stranded by COVID Restrictions Could Refuse to Work, Causing Trade Disruption
Jun 17 2020 // Merchant ship crew members stranded at sea for months due to coronavirus-related travel restrictions could now start refusing to further extend their contracts and stop working, potentially disrupting global trade, 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...
Sompo Forms Technology Industry Unit, Taps Carroll to Lead
Jun 12 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty property/casualty insurer, has formed a new team offering products to the technology industry through its network of retail brokers. This new unit will build on...
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...
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...