Latest InsurTech Headlines

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

Techquake: The Biggest Threat to California’s Tech-Sector May Lie Directly Beneath its Feet

Apr 23 2019 // California’s technology sector has had a tough year with state and federal policymakers, to say nothing of the general public. Concerns about the size and scope of internet firms have led to a “techlash,”...

OnRamp Insurance Accelerator Seeking Applications from Fintech and Insurtech Startups

Apr 23 2019 // Minneapolis-St.Paul – April 23, 2019 – The OnRamp Insurance Accelerator, in partnership with Allianz Life, Securian Financial and gener8tor, is accepting applications from startups seeking to be a part of the...

Student Sues Apple for $1 Billion, Blames Face-Recognition Tech for False Arrest

Apr 23 2019 // Apple is being sued for $1 billion in damages by an 18-year-old college student who blames the company’s facial recognition software for his false arrest and for wrongly tying him to thefts at Apple stores in several...

AI Startup Cytora Raises $32.5M to Expand Commercial Insurance Products, Geographies

Apr 22 2019 // Cytora, the London-based provider of artificial intelligence-powered solutions for the commercial insurance industry, announced it has raised £25 million ($32.5 million) in new financing, which will be used to accelerate...

Car Sharing Lobbyists Battle Car Renting Lobbyists, Driving State Lawmakers Crazy

Apr 19 2019 // The bill that turned Illinois into the focal point of a bitter debate over car-sharing last year started as a proposal about what happens when a rental car is stolen. The legislation, which would allow rental companies to...

Driving in Georgia While Sitting in California; Remote Control Beats Autonomy

Apr 18 2019 // For four days in February, Ben Shukman showed up to his office at Phantom Auto in Mountain View, California, sat down in front of a bank of computer screens with a steering wheel in a darkened room, and began driving. As...

Insurers Are Curious, Cautious When It Comes to Chatbots for Claims

Apr 15 2019 // The insurance industry is slowly recognizing the potential of chatbots to free up resources and improve customer service, even as it recognizes the potential of the technology to sour relationships with customers,...

Automation, Artificial Intelligence Part of Plan for Modernizing Texas Insurance Department

Apr 15 2019 // Becoming the chief insurance regulator of a large and populous state with the second largest insurance market in the country was never in Kent Sullivan’s game plan.But when Texas Gov. Greg Abbott asked Sullivan to...

How Real Are ‘Ethical Artificial Intelligence’ Efforts by Tech Giants?

Apr 11 2019 // The biggest tech companies want the public to know that they’re taking special care to ensure that their use of artificial intelligence to sift through mountains of data, analyze faces or build virtual assistants...

Insurtech Lemonade Raises $300 Million; SoftBank, Allianz, Alphabet Among Investors

Apr 11 2019 // Lemonade, the insurance company built around artificial intelligence and behavioral economics, announced the signing of a $300 million Series D funding round led by SoftBank Group with participation from Allianz, General...

Missouri University Scientists Using AI to Design Flood Evacuation Plans

Apr 10 2019 // Transportation agencies and first responders may soon get help from artificial intelligence to determine the best evacuation routes during floods such as those affecting portions of Missouri and the Midwest.Researchers at...

What’s In Store for Insurance Industry As It Enters Post-Digital Era?

Apr 10 2019 // The insurance industry is entering a new “post-digital” era where success is based on an organization’s ability to master artificial intelligence (AI) and other new technologies. The post-digital era...

Michigan InsurTech Accelerator Welcomes 3 New International Startups

Apr 9 2019 // Lansing, Michigan-based PROTO InsurTech, a business accelerator and equity investment fund led by Lansing Economic Area Partnership (LEAP), said three new international high-tech startups have begun operating in...

UK Joins Global Backlash Against Tech Firms that Fail to Control Harmful Content

Apr 9 2019 // The U.K. joined a growing global backlash against technology companies such as Facebook Inc. and Twitter Inc., proposing fines and bans if social-media platforms fail to curb illegal activity.The government outlined plans...

MIT Researcher Exposing Bias in Facial Recognition Tech Triggers Amazon’s Wrath

Apr 8 2019 // Facial recognition technology was already seeping into everyday life — from photos on Facebook to police scans of mugshots — when Joy Buolamwini noticed a serious glitch: Some of the software couldn’t detect...

Fixing Errors in Autonomous Cars’ Perceptions Before They Hit the Road

Apr 5 2019 // It’s a big question for many people in traffic-dense cities like Los Angeles: When will self-driving cars arrive? But following a series of high-profile accidents in the United States, safety issues could bring the...

Woman Pleads Guilty to Defrauding Rhode Island Tech Company of $500K

Apr 4 2019 // A Massachusetts woman has pleaded guilty to defrauding a Rhode Island technology company out of more than $550,000 in reimbursements for business expenses.Jill Martinho entered her plea to wire fraud and willfully making a...

Tech Firms Face Fines and Jail for Failure to Remove Violent Content in Australia

Apr 4 2019 // Australia will fine social media and web hosting companies up to 10 percent of their annual global turnover and imprison executives for up to three years if violent content is not removed “expeditiously” under...

How Insurtech Will Revolutionize Inland Marine by Cutting Costs

Apr 4 2019 // Insurtech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even hard-to-place, small or one-off inland marine risks at the best possible...

IA Capital Group Raises $150 Million for Insurtech Investing

Apr 4 2019 // IA Capital Group, an insurtech-focused venture capital firm, said it has raised $150 million across three funds.The three funds are Inter-Atlantic Stonybrook Insurtech Ventures, focusing on property/casualty insurtech;...