Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Justice Department Targets Internet Firms’ Liability Shield
Feb 19 2020 // Attorney General William Barr is taking aim at a legal shield enjoyed by companies such as Alphabet Inc.’s Google and Facebook Inc. as the provision comes under increasing fire from both liberals and...
Viewpoint: 3 Ways Technology Makes Insurance Broker RFP Responses Easier
Feb 19 2020 // Requests for proposals (RFPs) are everywhere these days. As internet sourcing makes the market more competitive, insurance brokers who are able to quickly and accurately complete RFPs can see huge benefits and gain a...
In an About-Facebook, Zuckerberg Likes Internet Regulation As Way to Win Public Trust
Feb 18 2020 // For years, Facebook Inc. lobbied governments against imposing tough regulations, warning in some cases that they could harm the company’s business model. Now, it’s pleading for new rules for the good of its...
AIG Maps Out Major Investment in Technology, Core Processes
Feb 14 2020 // American International Group said it will invest $1.3 billion over the next three years in its massive AIG 200 initiative, which is designed to revamp and improve core processes, technology infrastructure and services. The...
Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair
Feb 14 2020 // As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one of the biggest topics of the next 10 years,” a well-known...
B3i’s Blockchain Platform Places 30 Reinsurance Contracts, Including Cat XoL Treaties
Feb 14 2020 // B3i Services AG, a two-year-old company owned by members of the insurance industry, announced that 30 contracts of reinsurance have been concluded on its platform, including some of the most complex catastrophe excess of...
Coronavirus Leads Companies with Supply Chain Disruptions to Invoke ‘Force Majeure’
Feb 13 2020 // With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies that buy and sell goods in the Chinese market are taking interest in the legal defense of...
Facebook, Twitter, Other Internet Firms to Be Responsible for Content Under UK Plan
Feb 12 2020 // Britain said it would force social media companies such as Facebook, Twitter and Snap to do more to block or remove harmful content on their platforms. Following a consultation, the UK government said on Wednesday it...
Gaining a Risk Manager Seat at Technology’s Table: Interview with RIMS Leader Langone
Feb 11 2020 // The culture at technology startups like Uber, Airbnb and PayPal is all about risk-taking. They start by offering a unique, untested or reimagined product or service or by disrupting an industry’s established...
Allstate’s Growth Plan Includes Shift in Agent Commissions, Hike in Advertising
Feb 10 2020 // Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty insurer’s Q4 2019...
Virginia Tech Student Sues After Hazing Suspension
Feb 10 2020 // A former Virginia Tech student is suing the university after he was accused of overseeing a ceremony that violated the school’s hazing policy. Darrien Brown alleges the university denied him due process when...
20 Noteworthy Agency Merger Stories of 2019
Feb 10 2020 // 1. January Nationwide Acquires Liability Insurance Program Manager E-Risk Services: Nationwide acquired a New Jersey privately held program manager specializing in management liability lines. Nationwide said E-Risk will...
Insurtech Investments and Valuations Soar Even As Some Startups Fail Fast
Feb 10 2020 // Insurtech investments reached an historic high in 2019 but last year also capped a three-year period where a good number of insurtech startups called it quits. According to a new briefing on the sector from Willis Towers...
Private Equity Still Driving Agency M&As
Feb 10 2020 // Digital Buys Getting Some Attention; Buyers Getting Bigger; Prices Going Higher; Eyes on Digital The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory...
How Brokers Stay Relevant? Be Nimble With Your Value Props
Feb 10 2020 // Commercial brokers, the future is bright. As you contend with an increasingly automated, digitally-enhanced insurance industry, rest assured your expertise remains valuable for your clients. That is, if you can adapt to...
Insurtech Lemonade Prepares to Unleash a Pet Insurance Product
Feb 7 2020 // Insurtech carrier Lemonade plans to debut pet insurance later this year. Lemonade says it hopes to launch the pet insurance product within a few months, pending regulatory approval. It has opened its site to early...
Homeowners Insurtech Openly Expands Into Tennessee
Feb 7 2020 // Openly Inc., an insurtech backed by Gradient Ventures, Google’s AI-focused venture fund, has gone live in Tennessee. The addition of Tennessee comes on the heels of the company’s launch and funding announcement...
Insurance Technologies Corp. Acquires Agency Matrix of Georgia
Feb 5 2020 // Insurance Technologies Corporation (ITC), a provider of websites, marketing, comparative rating and management software and services, has acquired Agency Matrix, an insurance technology provider headquartered in...
EU Prepares for Coming of Facial Recognition– On Its Privacy Terms
Feb 3 2020 // The European Union has accepted there is no escape from facial recognition, but is seeking to ensure any roll-out that includes U.S. and Chinese players will abide by European values like strict personal privacy. Facial...
Insurtech Investments and Valuations Soar Even As Some Startups Fail Fast
Jan 31 2020 // Insurtech investments reached an historic high in 2019 but last year also capped a three-year period where a good number of Insurtech startups called it quits. According to a new briefing on the sector from Willis Towers...
