Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Canada’s Economical Strengthens Executive Team, Realigns Operations
Apr 26 2017 // Waterloo, Ontario-based Economical Insurance announced two additions to its executive team. Fabian Richenberger will join the company as executive vice president, Commercial Insurance, and Kelley Irwin will join as senior...
RIMS 2017: Risk Managers in Denial Over Disruptive Technologies
Apr 25 2017 // The 14th annual Excellence in Risk Management report finds an apparent lack of awareness among many risk professionals on existing and emerging technologies including telematics, sensors, the Internet of Things (IoT),...
MGA Nirvana Targets Media, Technology & Cyber Risks on Castel Platform
Apr 21 2017 // Nirvana Risk Partners has launched as an underwriting cell on Castel Underwriting Agencies’ MGA formation platform, targeting media, technology and cyber liability risks. Nirvana will underwrite risks for small and...
BP Oil Spill Caused $17.2 Billion in Natural Resource Damage: Virginia Tech Scientists
Apr 20 2017 // The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in U.S....
W.R. Berkley Adds Insurance Technology Analyst from Goldman to Investment Team
Apr 20 2017 // W.R. Berkley Corp. has hired a former Goldman, Sachs & Co. analyst to evaluate potential investments in emerging insurance technology companies. The executive, Michael Nannizzi, will be part of Berkley’s...
CoverHound Launches Online Rideshare Insurance Offering
Apr 20 2017 // CoverHound is getting into the rideshare insurance business. The online insurance comparison shopping platform has partnered with several large carriers to offer auto insurance quotes in 24 states for people who drive for...
Future Tech to Create Lower Claims Frequency, New Threats: Allianz Report
Apr 20 2017 // Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according a report published by Allianz...
China’s Baidu Plans July Launch of Self-Driving Car Technology
Apr 19 2017 // Baidu Inc. said on Tuesday it would launch its self-driving car technology for restricted environment in July before gradually introducing fully autonomous driving capabilities on highways and open city roads by 2020. The...
Apple Soon Will Begin Road-Testing Self-Driving Car Software: Source
Apr 18 2017 // Apple Inc. will soon take its self-driving car software platform to public streets for the first time, a major step that gets the world’s largest technology company into a crowded race to reshape transportation. The...
First Steps Under New York’s Cyber Rules: Risk Assessment, Policies, Procedures
Apr 12 2017 // The Cybersecurity Requirements for Financial Services Companies (cyber rules) promulgated by the New York Department of Financial Services went into effect on March 1. Now, insurance companies, agencies, brokerages and...
Cyber Insurance: Many Choices Now That There Is No Choice
Apr 12 2017 // Every organization, of every size and operational orientation, needs cyber insurance to manage its exposures in this age of networked information. That was one thing speakers agreed on at the recent 2017 Cyber Liability...
Costly Business Disruptor: Aging U.S. Infrastructure
Apr 12 2017 // When a train jumped the tracks this past week at New York’s Penn Station, the seemingly minor accident led to a cascade of exasperating delays for hundreds of thousands of commuters. When a flood forced authorities...
Q&A: Art Theft and Its Impact on the Insurance Industry
Apr 11 2017 // Powered by InsuranceJournal.tv Bill Anderson, a managing partner of Brooklyn, New York-based Art Guard, recently spoke with Insurance Journal about issues related to insurance and artwork. Anderson has observed that...
Uber Scoffs at Google Spinoff’s Claims in Self-Driving Car Case
Apr 10 2017 // Uber is scoffing at claims that its expansion into self-driving cars hinges on trade secrets stolen from a Google spinoff, arguing that its ride-hailing service has been working on potentially superior technology. The...
Insurtech Microinsurance Specialist, BIMA, Gets $16.8M Investment
Apr 10 2017 // BIMA, the insurtech firm that offers microinsurance in emerging markets, announced the close of an investment of US$16.8 million by Axiata Digital, the digital services arm of Axiata Group Berhad, one of Asia’s...
CNA Hardy Names Chubb’s Legassick as Head of Life Sciences & Technology
Apr 6 2017 // CNA Hardy, the London-based specialist commercial insurer, announced the appointment of David Legassick as head of Life Sciences, Technology & Cyber. Reporting to Rhonda Buege, head of Healthcare and Technology,...
Trov in California Closes $45M in Series D Financing for Insurtech
Apr 6 2017 // San Francisco, Calif.-based Trov announced that it has closed $45 million in Series D funding led by Munich Re/HSB Ventures, bringing its total funding to just over $85 million. All of Trov’s Series C investors...
Expect Another Active M&A Year with Tech Gaining Interest, Says Conning
Apr 6 2017 // Signs point to 2017 being another year of “robust” mergers and acquisitions, thanks in part to a number of ongoing industry trends and a current government climate that show no sign of letting up, Conning said...
Mercedes’ Parent, Daimler, Partners with Bosch to Develop ‘Robo-Taxis’
Apr 4 2017 // Mercedes-Benz owner Daimler and supplier Robert Bosch are teaming up to develop self-driving cars in an alliance aimed at accelerating the production of “robo-taxis.” The pact between the world’s largest...
Australia Floods in Wake of Cyclone Debbie Kill 4, Disrupt Mining
Apr 3 2017 // Damage to rail lines in cyclone-hit northeast Australia is set to disrupt exports of the steel-making material from the world’s largest coking coal region, underpinning prices and raising the prospect of major...
