Latest InsurTech Headlines

All the headlines from our InsurTech Topic Page, ordered by recency.

California Lawmakers Approve Legislation to Ban Deepfakes, Regulate AI

Sep 4 2024 // California lawmakers approved a host of proposals aiming to regulate the artificial intelligence industry, combat deepfakes and protect workers from exploitation by the rapidly evolving technology.The California...

California Advances Landmark Legislation to Regulate Large AI Models

Aug 30 2024 // Efforts in California to establish first-in-the-nation safety measures for the largest artificial intelligence systems cleared an important vote this week that could pave the way for U.S. regulations on the technology...

Lithium Startups Bet on High Demand in Battery-Powered Future

Aug 30 2024 // As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power everything from electric vehicles to cell phones, demand is projected to accelerate over the next decade.To...

US Appeals Court Takes Aim at Big Tech Liability Shield

Aug 29 2024 // A US appeals court has struck down a long-standing argument from social media platforms: that a federal law grants them blanket immunity from being held accountable for user harms – even the wrongful death of children.In...

Converge Insurance CEO Talks Focus, Innovation and Perseverance

Aug 29 2024 // Converge Insurance CEO Tom Kang said one of his most important pieces of advice for other InsurTechs is a seemingly obvious but often overlooked point, and that is to remember the insurance part of InsurTech.“Maybe...

Texas Lawmakers Consider Regulations to Address Risks of Artificial Intelligence

Aug 28 2024 // A group of state lawmakers began wading through the complex world of artificial intelligence Tuesday, providing an early glimpse at how Texas may seek to regulate the booming technology.During a nearly four-hour hearing,...

Insurtech Root, Goosehead Partner on Tech Integration for Independent Agents

Aug 27 2024 // Root, Inc., parent company of Root Insurance Company, has partnered with personal lines insurance agency Goosehead Insurance, Inc. on a technology integration partnership they said will speed up Goosehead agents’...

Chinese Hackers Breach US Internet Firms Via Startup, Researcher Says

Aug 27 2024 // The state-sponsored Chinese hacking campaign known as Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers.Volt Typhoon has...

How Can You Create a World-Class Producer Experience? It Starts with Tech, Transparency, and Trust

Aug 27 2024 // This post is part of a series sponsored by AgentSync.One could argue the entire insurance industry is a web of interdependent players, ranging from the carriers that create products to the agencies that distribute them, to...

People Moves: Miraglia and Rusas Join Alliant M&A from WTW; Embroker’s Maletsky Joins Hiscox’s Tech E&O

Aug 23 2024 // Alliant Insurance Services, headquartered in Irvine, California, hired Peter Miraglia as executive vice president, Alliant Specialty, within the company’s mergers & acquisitions vertical.Miraglia brings over...

Authors’ Class Action Targets AI Company Anthropic for Copyright Infringement

Aug 23 2024 // Artificial intelligence company Anthropic has been hit with a class-action lawsuit in California federal court by three authors who say it misused their books and hundreds of thousands of others to train its AI-powered...

Insurance Technology: Aon Tool Analyzes and Quantifies Potential D&O Losses

Aug 22 2024 // Corporate risk managers looking to gauge the likelihood that their directors and officers will be sued and how much that might cost have a new digital tool to help them.Global insurance broker Aon has launched its...

Big Tech Wants AI to Be Regulated. Why Do They Oppose a California AI Bill?

Aug 22 2024 // California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants have voiced broad...

Michigan DIFS Bulletin Issues Guidance on AI Use in Insurance Industry

Aug 19 2024 // The Michigan Department of Insurance and Financial Services (DIFS) released a bulletin this month addressing the growing use of artificial intelligence in the insurance industry. The bulletin clarifies DIFS’...

McKinsey Sees AI Surge Boosting Consulting Amid Industry Slump

Aug 15 2024 // McKinsey & Co. is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of the technology helps the consulting titan and its peers boost revenue following a...

Markets/Coverages: Liberty Mutual Re, Insurtech Sprout Offer Parametric Cover for Kenyan Coffee Farmers Facing Climate Risk

Aug 14 2024 // Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has partnered with insurtech firm Sprout Inc. and the Kenyan insurer Britam to launch a parametric insurance product, which aims to protect Kenyan...

Tech Update: Hiscox Launches GenAI-Powered Lead Underwriting Platform

Aug 13 2024 // Hiscox, the global specialist insurer, has launched the London insurance market’s first lead underwriting platform enhanced by generative AI, aiming to provide sabotage and terrorism insurance quotes to customers...

UK Cyber Spies Plan AI ‘Lab’ to Counter Hostile State Threats

Aug 13 2024 // UK spies are stepping up efforts to tackle cyber and artificial intelligence threats from hostile foreign states, including the sort of online manipulation that helped foment rioting across the country in the past 10...

Introducing CognilinkClaims: Sutherland’s Latest AI Breakthrough in Insurance Claims Management

Aug 8 2024 // Pittsford, NY. August 8, 2024 — Sutherland is excited to introduce CognilinkClaims, an innovative AI-powered solution that integrates Classic AI and Generative AI capabilities to redefine and streamline the entire...

Viewpoint: Generative AI in Insurance Isn’t Working

Aug 7 2024 // The insurance industry is at a pivotal moment in embracing generative AI. According to the ISG Pulse Check State of the European Insurance Industry 2024, insurance firms are actively engaged in generative AI...