The most viewed headlines from our Tech Topic Page over the last year.
Jul 22 2024 // Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley industries around the world, but the theme of policy language is reoccurring for a...
Jul 22 2024 // Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said.A software update by global cybersecurity firm...
Nov 30 2023 // Members from several insurtechs, including Boost, Branch, Clearcover, Lemonade and Root Insurance, published an open letter to the insurance industry announcing the launch of the InsurTech Coalition, a trade organization...
May 6 2024 // Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with underwriting profits for personal auto insurer GEICO and reinsurance...
Jun 27 2024 // Wefox Holding AG is replacing Chief Executive Officer Mark Hartigan after the German insurance tech startup’s board rejected a proposal by its largest stakeholder, Mubadala Investment Co., that he backed to sell the...
Mar 19 2024 // When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists at The Professional Liability Underwriting...
Jun 21 2024 // High claim severities, persistent risky driving behavior, electric vehicles and shop-and-swap consumers are challenging auto insurers to stay profitable.The challenges will continue through the end of the year and beyond,...
May 1 2024 // Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating income for the first time in the company’s history.The net income loss for the first three months of the...
Feb 22 2024 // Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million.Results were improvements from net losses of about $58.3 million for fourth quarter 2022 and...
Jul 19 2024 // A worldwide tech outage crippled industries from travel to finance on Friday before services started coming back online after hours of disruption, highlighting the risks of a global shift towards digital, interconnected...
Jun 14 2024 // Mubadala Investment Co. has proposed selling troubled insurance tech startup Wefox Holding AG to UK insurance broker Ardonagh Group Ltd. in a deal opposed by the German firm’s founders.The Abu Dhabi sovereign wealth...
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’...
Apr 8 2024 // German software developer Andres Freund was running some detailed performance tests last month when he noticed odd behavior in a little-known program. What he found when he investigated has sent shudders across the...
May 1 2024 // Just as companies worldwide struggle with the office-versus-remote work question, Travelers has decided to open a 2,800-square-foot office site in Atlanta to house its artificial intelligence, data science and other...
Jul 24 2024 // W.R. Berkley CEO W. Robert Berkley, Jr. said the company does not see last week’s global network systems outage “being a material loss to the organization.”“I would be surprised if we didn’t...
Oct 7 2024 // Amid inflation and labor shortages, the growing impact of electric vehicles (EVs) and rising repair costs, insurers and repairers will have a bumpy road to navigate in the year ahead, according to CCC Intelligent Solutions...
Oct 31 2024 // For the first time in the company’s history, Root Inc. recorded a quarterly net income profit.The Columbus, Ohio-based parent company of Root Insurance founded in 2015 recorded third quarter net income of about $23...
Sep 23 2024 // The FBI has disrupted a group of hackers working at the direction of the Chinese government who targeted universities, government agencies and other organizations, Director Chris Wray said last week.The hacking campaign...
Feb 19 2024 // Buyers of commercial property insurance are facing many challenges. Rates are rising, capacity is becoming scarce (particularly in catastrophe exposed zones), and large programs, often involving dozens of insurers, are...
Feb 28 2024 // A cyberattack that has disrupted Change Healthcare’s computer networks for nearly a week is creating a growing administrative problem for pharmacies and health-care providers around the nation.Change Healthcare, a...