Latest Tech Headlines

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

Home Insurance Insurtech Hippo Raises $150M as It Readies for IPO in 2021

Jul 21 2020 // Hippo Enterprises Inc., hot on the heels of rival home insurance technology business Lemonade Inc. going public, has closed a $150 million financing round.The Palo Alto, California-based startup is valued in the investment...

UK Insurtech Startup battleface Offers COVID-19 Travel Insurance Package

Jul 21 2020 // Travel insurance provider battleface announced a new COVID-19 travel insurance package. The new policy will give travelers the peace of mind they have been looking for to venture out safely, including to countries...

The Value of Agency Data and Who Owns It

Jul 20 2020 // Independent agencies, like every other business, are living in a data-driven world. The value of data — including how and when it’s used and for what purpose — continues to evolve. As the value of data to...

Big InsurTech Connect Conference Moves From Vegas to Virtual

Jul 17 2020 // A surge in COVID-19 cases is forcing InsureTech Connect – one of the world’s largest insurance technology conferences – to go fully digital for its annual fall gathering.ITC has scheduled ITC World Tour, a...

Shipping Losses at Record Lows, but COVID-19 Impact Could Threaten Safety: Allianz

Jul 16 2020 // Large shipping losses dropped by 20% last year, in a continuation of decade-long trend when losses declined by almost 70%, according to a report published by Allianz Global Corporate & Specialty (AGCS).However, the...

Profit-Driven Automakers Race to Next Level of Not Quite Self-Driving Cars

Jul 15 2020 // Autopilot, ProPilot, CoPilot: Automakers have many names for new systems that allow for hands-free driving, but no safety or performance standards to follow as they roll out the most significant changes to vehicle...

Axis Adds Swiss Re, NAS and Hiscox Veterans to U.S. Cyber Insurance Team

Jul 14 2020 // Specialty insurer AXIS Insurance announced the hiring of three experienced underwriters to its U.S. Cyber and Technology team.Peter Smith will join AXIS as underwriting manager, while and Emma Werth and Jessica Currier...

Canadian Insurtech MGA Foxquilt Raises Seed Funding to Develop Small-Biz Platform

Jul 9 2020 // A Canadian insurtech focused on small business insurance said it raised $3.5 million in seed financing.Foxquilt, a Toronto-based MGA startup, said the funding will help it become a full-service insurance provider with a...

Lloyd’s Innovation Accelerator Focuses on COVID-19 Market Response with 3 Insurtechs

Jul 8 2020 // Lloyd’s has started work with three insurtech startups to help the market respond to the COVID-19 pandemic.As part of its package of measures to respond to the COVID-19 pandemic, Lloyd’s has expanded the scope,...

UK-Based Tech Platform Xchanging Hit by Ransomware Attack

Jul 6 2020 // DXC Technology announced that certain systems of its subsidiary, Xchanging, have experienced a ransomware attack. Xchanging is primarily an insurance managed services business that operates on a standalone basis.Tysons,...

Maryland Insurance Commissioner Birrane Sees State as Leader in Tech Innovation

Jul 2 2020 // Maryland Insurance Commissioner Kathleen Birrane has been in her new role for nearly two months, and she already has big plans for the state to establish itself as a leader in the tech space.“I’d like to see...

Insurtech MGA Delos, Canopius to Offer Wildfire Protection Coverage in California

Jun 29 2020 // Delos Insurance Solutions, a property insurtech managing general agent (MGA), has created a new insurance product with Canopius US Insurance designed to improve the homeowners insurance options for those living in wildfire...

Cybersecurity Firm Exposes Chinese Tax Software’s Malware That Endangers Networks

Jun 26 2020 // When a U.K.-based technology vendor started doing business in China, it hired a cybersecurity firm to proactively hunt for any digital threats that could arise as part of doing business in the country. The firm discovered...

Senators Propose ‘Scalpel, Rather Than Jackhammer’ to Reform Internet Liability

Jun 25 2020 // Two U.S. senators on Wednesday introduced legislation to reform part of a federal law that largely exempts tech platforms such as Facebook and Twitter from legal liability for the material their users post.The legislation,...

Beazley Launches Contingency Policy Covering Virtual Event Organizers

Jun 22 2020 // Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels a live virtual event.The insurer acknowledged that streaming live events is not...

AI-Powered Supply Chain Software in Demand Amid Coronavirus Disruption

Jun 19 2020 // For the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all their suppliers in a way that minimizes risks in operating globally spread...

Justice Department Outlines Proposed Overhaul of Social Media Immunity

Jun 19 2020 // The Justice Department on Wednesday outlined a broad overhaul of legal protections for online platforms such as Alphabet Inc.’s Google and Facebook Inc. if they deliberately promote illegal speech on their...

Hotels’ Coronavirus Recovery Offerings Include Robots, Purifiers, Nonstop Elevators

Jun 19 2020 // Set in the kelly-green hills of Ireland’s County Clare, Dromoland Castle is the type of getaway that never sits empty. Why would it, with a pampering spa tucked behind 16th century walls, a par-72 championship golf...

Insurtech Buckle Acquires Atlas Financial’s Commercial Auto Subsidiary, Gateway

Jun 17 2020 // Buckle, an insurtech startup focused on rideshare insurance, has acquired Gateway Insurance Co., a subsidiary of Schaumburg, Illinois-based Atlas Financial Holdings, for an undisclosed price.The move allows Buckle to...

Trump Administration to Unveil Proposal for Changing Immunity for Tech Platforms

Jun 17 2020 // The U.S. Justice Department will propose legislation as soon as Wednesday to try to remove protections that big tech platforms like Alphabet’s Google and Facebook have had for decades, a department official said on...