Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Why Agencies Shouldn’t Be Afraid of Insurtech and Need to Adopt It – Now
Aug 19 2019 // There’s been a barrage of insurtech products hitting the market for several years now, creating confusion for some agency owners trying to decipher what is relevant to them, how to implement these products and...
In Review of Hail Claims Cases, Texas High Court Clarifies Bad Faith in Appraisal Process
Aug 19 2019 // An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act,...
Tropical Storm Krosa Slams Japan, Disrupting Transportation, Factories, Power
Aug 15 2019 // Severe tropical storm Krosa lashed western and southern Japan with torrential rain and wind, causing Japan Airlines Co. and All Nippon Airways to cancel hundreds of domestic and international flights, and some train lines...
How AI Advances ‘No-Touch’ Resolution of Workers Compensation Claims: Opinion
Aug 8 2019 // Many human hours are needed to sort, analyze and process workers compensation claims—the vast majority of which are low in value. The U.S. workers comp insurance market is forecast to earn revenues of $55 billion in...
People
Aug 5 2019 // National Linda Dodson The Vertafore technology users network, NetVU, has named Linda Dodson as executive director. Dodson’s career has included work in an insurance agency and with agency carriers. She began her...
Texas High Court Clarifies Bad Faith in Appraisal Process
Aug 2 2019 // An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act,...
Regulator Says U.S. Railroads Still Have Work to Do Installing Key Safety Technology
Aug 2 2019 // The railroad industry has installed safety technology on nearly 90% of tracks where it is required, federal officials said Wednesday, but “significant work” is needed to ensure the technology is completely...
Fire at Texas Plant Could Disrupt Exxon’s Chemical Business
Aug 1 2019 // Exxon Mobil Corp.’s suburban Houston refining and chemicals complex erupted in flames on Wednesday, prompting municipal leaders to order residents to seek shelter indoors, shut their windows and turn off air...
Lloyd’s Selects 11 Insurtechs to Support Its Future-at-Lloyd’s Project
Aug 1 2019 // Lloyd’s welcomed 11 new teams of insurtech disruptors to join the re/insurance market’s innovation accelerator. More than 130 applications were received from across the world for the third cohort of the...
Capital One Breach Clouds Technology Strategy; Puts $400M Cyber Insurance in Play
Aug 1 2019 // Capital One Financial Corp., in recent years, has beat the drum every chance it got: The cloud is cheaper. The cloud is faster. And the cloud is far more secure. Then a hacker got into the cloud, siphoning off sensitive...
Why Agencies Shouldn’t Be Afraid of Insurtech and Need to Adopt It – Now
Jul 31 2019 // There’s been a barrage of insurtech products hitting the market for several years now, creating confusion for some agency owners trying to decipher what is relevant to them, how to implement these products and...
High Levels of Global Insurtech Investments Continued During Q2: WTW
Jul 29 2019 // Insurtech investment worldwide continued at high levels during the second quarter of 2019, marking the fourth consecutive quarter during which total new funding commitments exceeded $1.2 billion, according to the new...
Schools, Lawmakers, Tech Firms Trying to Curb Rising Cyberbullying
Jul 29 2019 // Rachel Whalen remembers feeling gutted in high school when a former friend would mock her online postings, threaten to unfollow or unfriend her on social media and post inside jokes about her to others online. The...
Data-Deprived Auto Insurers Cautious About Discounts for Advanced Safety Features
Jul 26 2019 // Automakers are accelerating the rollout of technology designed to avoid crashes, but insurance companies are waving a caution flag at consumers eyeing discounts for buying collision-avoiding brakes or automated cruise...
MGAguard to Offer Specialty Insurance Products Via Technology Platform
Jul 25 2019 // MGAguard, a new technology-enabled platform funded by Cerberus Capital Management, L.P. and its affiliates and funds managed by TCW Asset Management Co., has launched with a focus on offering specialty insurance...
N.Sure Opens All Digital Home, Auto Insurance Agency in Florida
Jul 25 2019 // Boca Raton, Fla.-based Nsure.com has launched an online, digital home and auto insurance agency in Florida that offers comparison quotes from more than 25 insurers. The new, fully-licensed company’s technology gives...
The National Alliance for Insurance Education & Research Rebrands Podcast Series
Jul 24 2019 // July 24, 2019, Austin, TX—The National Alliance for Insurance Education & Research has rebranded their monthly podcast series. Nat Alliance NOW offers risk and insurance professionals rich, nuanced conversations that...
Greenlight Re Invests in New Zealand Insurtech Startup Cove
Jul 23 2019 // Greenlight Re Innovations (GRI), a subsidiary of specialist property and casualty re/insurer Greenlight Capital Re Ltd., announced it has made a strategic investment in Cove Ltd., a New Zealand-based personal lines...
Insurer Innovation Comes Under the Rating Agency Microscope
Jul 22 2019 // Underway for some time now, the disruption of the insurance industry has moved into a new phase, following the announcement by A.M. Best that it may soon begin scoring insurers’ innovation efforts. Journalist Russ...
Hartford InsurTech Hub Opens Applications for Accelerator Program’s Third Year
Jul 19 2019 // Hartford InsurTech Hub, powered by Startupbootcamp, has opened applications for the third year of its accelerator program. Insurance Technology (InsurTech) startups that have shown strong traction and are looking to...
