Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Insurers Powered by New Tech Ready to Assist Policyholders
Nov 2 2020 // This hurricane season has already broken several records, and it is not over yet. So far, 2020 has produced 23 named storms, including two using the Greek alphabet for only the second time in history. Nine named storms...
Republicans Eye ‘Jackhammer’ to Reform Tech Liability While Democrats Grab ‘Scalpel’
Oct 30 2020 // Big Tech’s decisions to block some posts and videos while letting other content viewed as inflammatory proliferate have drawn the ire of Republicans and Democrats alike, raising the prospect that a 24-year-old U.S....
Why It’s a Good Time for Insurtechs to Be Thinking About Mergers
Oct 30 2020 // The drumbeat for insurtechs to pursue a merger, acquisition or partnership is getting louder, with the number likely to substantially grow in the months ahead, an insurance industry expert believes. “InsurTech is...
Q3 Insurtech Fundraising Breaks Records, but Some Mid-Tier Firms See Funding Gap
Oct 28 2020 // Insurtech funding saw the largest number of deals and the highest amount of funding since data recording into insurtech began, with $2.5 billion raised by insurtech firms across 104 deals during the third quarter,...
Twitter, Facebook, Alphabet Executives to Defend Liability Shield Before Senate
Oct 28 2020 // The chief executives of Twitter Inc., Facebook and Alphabet Inc. will tell U.S. lawmakers at a hearing on Wednesday that a federal law protecting internet companies is crucial to free expression on the internet, according...
Tyson Gets OK to Use Employees, Technology for Safety Inspections at Meat Plant
Oct 28 2020 // Tyson Foods said on Tuesday it plans in January to have company employees take on duties from more than a dozen federal inspectors at a large Kansas beef plant, after getting a U.S. government waiver. Tyson said the change...
Business Interruption Cyber Risks Demand More Insurer Attention as 5G Dawns
Oct 26 2020 // Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts argued recently. BI coverage has drawn heightened attention in recent months due...
Big Tech Lobby Seeks EU Liability Cover to Tackle Hate Speech, Illegal Content
Oct 26 2020 // Big technology platforms are calling on the European Union to protect them from legal liabilities for removing hate speech and illegal content as government scrutiny over how platforms manage user posts grows worldwide. A...
Insurtech Vouch Insurance Expands Coverage to New York
Oct 21 2020 // Vouch Insurance, a business insurance platform for startups, has expanded its coverage into New York. The expansion is an effort to bring risk mitigation to local startups as they scale their technologies, according to a...
AmWINS, CRC and Heffernan Create Technology Alliance for Specialty Business
Oct 13 2020 // Wholesaler insurance brokers AmWINS and CRC, along with independent agency Heffernan Insurance Brokers, are the charter members of a new alliance to accelerate technology improvements in the brokerage, wholesale and...
InsurTech NY Announces Its 2020 Accelerator Cohort
Oct 13 2020 // InsurTech NY, an InsurTech community in the New York metro area, has announced its growth-stage InsurTech accelerator cohort. The 22 startups were selected to participate in its insurance carrier and broker sponsored...
With Tech Tools Galore, It’s an Exciting Time for Insurtech McKenzie Intelligence
Oct 13 2020 // Advanced technological tools are making it an exciting time to be an insurtech – and an exciting time for those insurers and reinsurers that want to more accurately assess the risks on their books, according to Forbes...
Pennsylvania’s Erie Insurance Announces Senior Leadership Changes
Oct 9 2020 // Erie Insurance, based in Erie, Penn., has announced a series of senior leadership changes within the Claims, Sales & Products and Information Technology divisions. The organizational changes are in conjunction with the...
Florida Homeowners Insurtech TypTap Goes National; Plans Roll-Out in 20 States
Oct 8 2020 // After launching in Florida as a flood insurer in 2016 and expanding into the homeowners market in 2018, TypTap Insurance Co. has officially started the process of becoming a nationwide company. The technology-driven...
How Coronavirus Is Changing Claims, Risks, Work, Habits, Supply Chains and More
Oct 7 2020 // The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of...
House Antitrust Panel Blasts Big 4 Internet Firms for Abuses; Seeks Reforms, Separations
Oct 7 2020 // A U.S. House of Representatives panel looking into abuses of market power by four big technology companies found they used “killer acquisitions” to smite rivals, charged exorbitant fees and forced small...
Bold Penguin Acquires RiskGenius in Commercial Insurance Technology Deal
Oct 6 2020 // Insurance technology firm Bold Penguin has acquired RiskGenius in a deal that the two commercial lines insurtechs said will help grow their reach more than they have been able to thus far on their own, Carrier Management...
Personal Lines Insurtech Root Files IPO Proposal with SEC
Oct 6 2020 // Root, Inc., the parent company of Root Insurance Co., has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be...
Pandemic Economic Uncertainty Could See Insurers Buying, Partnering with Insurtechs
Oct 5 2020 // Insurance carriers could increasingly target insurtechs for acquisition and partnerships in the coming months due to pandemic-related economic uncertainty, according to a report. “As insurers move toward late 2020...
Tech-First Agency Tackles the ‘Difficult Things’
Oct 5 2020 // Jeff Arnold From standup comedy and acting gigs to selling insurance – not the typical career path for the everyday independent agency owner but that is how Jeff Arnold, founder of RightSure Insurance Group, this...
