Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Severe Weather Spurs Flooding, Disrupts Rail Service in Pennsylvania
Jun 21 2019 // Severe storms containing heavy rains and strong winds have spurred flooding in the suburbs of Philadelphia, disrupting travel and damaging some property. The storms started Wednesday night and continued for several hours...
CNA Enhances Multinational Capabilities with New Technology Platform
Jun 20 2019 // CNA has launched a new technology platform – CNA ComPass – that will allow the insurer and its network partners the ability to write and manage local admitted placements around the world in real-time. CNA’s...
Senator Calls for Facebook, YouTube, Twitter to Lose Immunity If Politically Biased
Jun 20 2019 // Technology platforms such as Facebook Inc. and Google’s YouTube could face a flood of lawsuits unless they can demonstrate their treatment of users’ content is politically neutral, under a measure that U.S....
Hub Acquires Assets of Atlanta-based Insurtech In-Fi; Hires Chasteen
Jun 18 2019 // Hub International Limited, has acquired the assets of CBIS, LLC, d/b/a “In-Fi” (In-Fi). Terms of the transaction were not disclosed. Established in 2016 by co-founder Jon Chasteen, In-Fi developed a...
ACORD InsurTech Innovation Challenge’s European Winner Is Riskbook
Jun 17 2019 // ACORD, the global standards body for the insurance industry, has announced that Riskbook was the winner of the London semi-final round of the ACORD InsurTech Innovation Challenge (AIIC), with RITA and Optimiz.Claims named...
How Insurtech Will Revolutionize Inland Marine by Cutting Costs
Jun 17 2019 // Insurtech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even difficult-to-place, small or one-off inland marine risks at the best possible...
A Place for Technology at Every Point in the Claims Process
Jun 17 2019 // The digital transformation of the insurance industry isn’t just for insurtech startups any more. At Allstate, 60 percent of claims are now filed with a cell phone application that allows policyholders to take photos...
MGA Insurtech GetSafe Lands $17M Financing to Fuel European Expansion
Jun 11 2019 // A managing general agent in Germany that relies on artificial intelligence for its customer platform has raised $17 million in first-round financing. Getsafe’s new money will help propel an expansion into Great...
Carrier Management Announces the Launch of InsurTech Today
Jun 10 2019 // San Diego, CA, June 10, 2019 – Today Carrier Management premiers a brand-new newsletter called InsurTech Today. This inbox resource is written for those who value a quick take on the most important InsurTech...
Amazon Reveals Unique Delivery Drone; FAA Grants Limited Testing Approval
Jun 6 2019 // Amazon.com Inc. has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting...
National General Acquires Insurtech Syndeste; Launches Private Flood Product in Florida
Jun 6 2019 // Personal lines insurer National General Holdings Corp. (NGHC) will begin offering private flood insurance in Florida later this summer after its acquisition of Syndeste LLC, an insurance technology company. National...
Insurtech Avinew Acquires Betterdrive in California
Jun 4 2019 // Insurtech company Avinew has acquired Sunnyvalye, Calif.-based Betterdrive. Terms of the deal were not disclosed. Ravindhran Sankar, CEO and founder, will be named director of research and development. Avinew will...
Large Shipping Losses in 2018 Drop to Lowest Level this Century but New Risks Emerge
Jun 4 2019 // Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review...
Sovos Acquires Iowa’s Eagle Technology Management
May 29 2019 // Global tax software provider Sovos is acquiring Iowa-based Eagle Technology Management (ETM), which provides statutory financial reporting and insurance premium tax software to insurers, and unclaimed property reporting...
ICW Group in California Names Hartline Vice President of Information Technology
May 28 2019 // ICW Group Insurance Cos. has named Todd Hartline vice president of information technology. Hartline, who will lead the company’s IT function, will be based in the ICW Group corporate headquarters in San Diego and...
Alibaba Plans $20B Listing in Hong Kong to Boost Technology Investments: Sources
May 28 2019 // Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter told Reuters, lining up a second blockbuster deal following its 2014 record $25 billion float in New...
State Auto Innovation Unit: $25M; 5 Insurtechs; 18 Months
May 24 2019 // State Auto Labs, the innovation arm of the State Automobile Mutual Insurance Co., says in the 18 months after launching its $25 million corporate venture fund to support entrepreneurs and innovations in the insurance...
China’s Ant Financial Provides Health Coverage to 65 Million Clients for Pennies a Month
May 21 2019 // Ping An Insurance (Group) Co. employed about 1.4 million people to peddle policies last year. Yet it’s Jack Ma’s newest online disruptor that is stealing the show — with 50 workers and visions of serving...
Billionaire Paying Off College Students’ $40 Million Debt Has Ties to Insurance Industry
May 20 2019 // The billionaire technology investor and philanthropist who has promised to assume the $40 million student debt of the entire graduating class at Morehouse College has ties to the insurance industry. Robert F. Smith, who...
Florida InsurTech HoneyQuote to Offer Technology Platform to Business Partners
May 20 2019 // Digital insurance agency HoneyQuote.com launched a new partnership program that allows businesses across industries to use HoneyQuote services for customers to purchase homeowners insurance. As part of the program,...
