Latest InsurTech Headlines

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

Broker Investor Group Selects 12 Insurtechs for First Cohort

Feb 27 2020 // BrokerTech Ventures, an investor group and accelerator program led by nine insurance brokerages, has selected 12 insurtechs for its first cohort that convenes March 2 in Des Moines, Iowa, for a five-week...

Safety Board Hits Tesla Autopilot Design, Regulator’s ‘Misguided’ Approach

Feb 26 2020 // The National Transportation Safety Board on Tuesday sharply criticized Tesla Inc.’s lack of system safeguards in a fatal 2018 Autopilot crash in California and called U.S. regulators’ approach in overseeing the...

Cyber Insurance Startup At-Bay Plans Expansion After Raising $34 Million

Feb 24 2020 // Cyber Insurance startup At-Bay raised a new $34 million venture capital round, CEO and Co-Founder Rotem Iram disclosed in a recent blog posting.Plans call for the money to be used to grow the managing general...

Insurtech Startup Blackboard Insurance Receives Approval in Virginia

Feb 24 2020 // Blackboard Insurance has announced the approval of its commercial insurance package in Virginia, bringing capabilities to middle market customers in 47 states and territories. Blackboard’s commercial insurance...

Lawsuit Settled Between Virginia Tech, Former Student Over Hazing Suspension

Feb 21 2020 // A lawsuit has been settled between Virginia Tech and a former student who was accused of overseeing a ceremony that violated the school’s hazing policy.The federal lawsuit filed last month “has been resolved to...

Usage-Based Insurance Pioneer Metromile Now Offering Its Technology as Claims Tool

Feb 20 2020 // Now that most major carriers are selling usage-based car insurance, one of the pioneers in that sector is selling its technology to other carriers as a claims management tool.San Francisco-based Metromile announced that...

Attorney General Barr: Should Tech Giants Still Be Free From Liability for Content?

Feb 20 2020 // U.S. Attorney General William Barr on Wednesday questioned whether Facebook, Google and other major online platforms still need the immunity from legal liability that has prevented them from being sued over material their...

Justice Department Targets Internet Firms’ Liability Shield

Feb 19 2020 // Attorney General William Barr is taking aim at a legal shield enjoyed by companies such as Alphabet Inc.’s Google and Facebook Inc. as the provision comes under increasing fire from both liberals and...

Viewpoint: 3 Ways Technology Makes Insurance Broker RFP Responses Easier

Feb 19 2020 // Requests for proposals (RFPs) are everywhere these days. As internet sourcing makes the market more competitive, insurance brokers who are able to quickly and accurately complete RFPs can see huge benefits and gain a...

In an About-Facebook, Zuckerberg Likes Internet Regulation As Way to Win Public Trust

Feb 18 2020 // For years, Facebook Inc. lobbied governments against imposing tough regulations, warning in some cases that they could harm the company’s business model. Now, it’s pleading for new rules for the good of its...

Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair

Feb 14 2020 // As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one of the biggest topics of the next 10 years,” a well-known...

New Colorado Law Tackles Employee Equity, Investment in Startup Cannabis Industry

Feb 13 2020 // The startup-laden cannabis industry is probably just right for those who are willing to forego a few extra dollars on their paychecks for the possibility of a bigger payout later when the company grows or goes...

Allianz-Backed Fintech Startup, N26, Closes UK Mobile Bank Accounts, Blaming Brexit

Feb 12 2020 // N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said it will end UK operations citing the country’s departure from the European Union.The Berlin-based digital bank will close UK...

Gaining a Risk Manager Seat at Technology’s Table: Interview with RIMS Leader Langone

Feb 11 2020 // The culture at technology startups like Uber, Airbnb and PayPal is all about risk-taking. They start by offering a unique, untested or reimagined product or service or by disrupting an industry’s established...

Virginia Tech Student Sues After Hazing Suspension

Feb 10 2020 // A former Virginia Tech student is suing the university after he was accused of overseeing a ceremony that violated the school’s hazing policy.Darrien Brown alleges the university denied him due process when...

Data Driven Business Models to Affect Entire Insurance Value Chain: Swiss Re Report

Feb 10 2020 // Digital transformation empowers consumers to be more informed and independent, and equips insurers with the tools to develop new tailored products and services and refine existing ones, according to Swiss Re’s latest...

20 Noteworthy Agency Merger Stories of 2019

Feb 10 2020 // 1. January Nationwide Acquires Liability Insurance Program Manager E-Risk Services: Nationwide acquired a New Jersey privately held program manager specializing in management liability lines. Nationwide said E-Risk will...

Insurtech Investments and Valuations Soar Even As Some Startups Fail Fast

Feb 10 2020 // Insurtech investments reached an historic high in 2019 but last year also capped a three-year period where a good number of insurtech startups called it quits.According to a new briefing on the sector from Willis Towers...

Private Equity Still Driving Agency M&As

Feb 10 2020 // Digital Buys Getting Some Attention; Buyers Getting Bigger; Prices Going Higher; Eyes on DigitalThe private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory...

Insurtech Lemonade Prepares to Unleash a Pet Insurance Product

Feb 7 2020 // Insurtech carrier Lemonade plans to debut pet insurance later this year.Lemonade says it hopes to launch the pet insurance product within a few months, pending regulatory approval. It has opened its site to early...