Insurance Journal

SEPTEMBER 16, 2024

Aspire General Insurance hired Sam Rea as its chief technology officer. Rea has more than 20 years of experience leading IT organizations in the insurance industry. Before joining Aspire, Rea was CTO for the Peak6 InsurTech portfolio of companies for …

Technology 85

Technology Insurance 85

Insurance Journal

MARCH 14, 2025

A softer-than-expected market kept insurance premiums for technology companies down or flat in some lines in 2024, according to a new report from business insurance platform Embroker. Embroker’s 2024 Business Insurance Index: Tech Sector found average errors & omissions/cyber premiums …

Insurance 97

Insurance Technology 97

Complex Discovery

JULY 2, 2024

Editor’s Note: As artificial intelligence (AI) continues to reshape the insurance industry, it brings a host of legal and regulatory challenges that professionals must navigate. This article delves into the imminent wave of regulatory scrutiny and potential litigation facing insurers as they adopt AI technologies.

Litigation 105

Litigation Insurance Government and Public Sector Technology 105

Insurance Journal

OCTOBER 21, 2024

Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs and improve risk management, but few are fully ready to comply with regulations or to monitor AI results. More than …

Insurance 120

Insurance Technology 120

Insurance Journal

JANUARY 15, 2025

A new coalition with backing from Uber Technologies is launching a campaign to lower insurance costs for consumers and small businesses in New York State. The community organizations behind Citizens for Affordable Rates (CAR) maintain that insurance costs for auto, …

Insurance 111

Insurance Technology 111

Insurance Journal

SEPTEMBER 26, 2024

Insurance compliance is serious business. Falling out of compliance can have real consequences for everyone from insurance agencies, carriers, MGAs, and MGUs, to individual producers, adjusters, and dually licensed broker-dealers. This post is part of a series sponsored by AgentSync.

Technology 98

Technology Insurance 98

Attorney at Work

SEPTEMBER 23, 2021

Notably, firms that fully leverage technology may actually see an increase in profitability at much higher rates than others since the pandemic began. In particular, the legal community should not overlook the importance of digital security, especially as offices seek to adopt new technologies. Data Security Is Top Priority.

Technology 263

Technology Legal Research Precedent Case Management 263

Insurance Journal

JANUARY 1, 2025

Hiscox hired Frank Lamantia as chief technology officer, effective January 21. He will report to Mary Boyd, CEO of Hiscox USA, as well as Chris Loake, chief information officer of Hiscox Group, and will serve on both the Hiscox US …

Technology 105

Technology 105

Insurance Journal

FEBRUARY 25, 2025

Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Fuse Insurance, a Calgary-based, technology-driven commercial insurance brokerage.

Insurance 87

Insurance Healthcare Technology 87

Insurance Journal

SEPTEMBER 17, 2024

Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs to be used responsibly, according to Zywave Chief Technology Officer Doug Marquis, who takes a look at the some of …

Insurance 111

Insurance Technology 111

Insurance Journal

AUGUST 14, 2024

has been sued by the state of Texas, which accused the automaker of installing technology on more than 14 million vehicles to collect data about drivers, which it then sold to insurers and other companies without drivers’ … General Motors GM.N

Insurance 115

Insurance Technology 115

Insurance Journal

NOVEMBER 26, 2024

LP Insurance Services LLC named David Drach director of information technology. His role includes overseeing the IT team and interacting with external IT partners, as well as advising leadership in the development and execution of technology strategies. Drach has more …

Insurance 105

Insurance Technology 105

Insurance Journal

NOVEMBER 8, 2024

Insurance broker WTW announced the launch of ResQ Machine-led Reserving, which WTW describes as a game-changing technology for insurers and reinsurers to enhance accuracy and efficiency in property/casualty reserving. ResQ Machine-led Reserving uses proprietary algorithms that optimize the core reserving …

Insurance 98

Insurance Technology 98

Insurance Journal

DECEMBER 17, 2024

Spot Insurance, headquartered in Austin, Texas, appointed Joel Hamann as CEO. He previously served as director of finance, technology and several other roles at Kohl’s Corporation. Hamann joined Spot in 2021 and most recently served as vice president of finance.

Insurance 105

Insurance Technology 105

Insurance Journal

JANUARY 27, 2025

New York City is walking back a proposed rule change that would have required taxi and rideshare drivers to be covered by a “solvent and responsible” insurance carrier, after Uber Technologies Inc. warned the mandate risked leaving thousands of drivers …

Insurance 103

Insurance Technology 103

Insurance Journal

DECEMBER 5, 2024

Historically, insurance has had a reputation as an industry slow to embrace change. However, it’s safe to say that technology and customer expectations are leaving insurers with no choice but to adapt. Individuals and businesses are changing how they buy …

Insurance 98

Insurance Technology 98

Insurance Journal

DECEMBER 11, 2024

Uber Technologies Inc. is asking New York City’s taxi regulator to reconsider proposed changes to commercial auto insurance requirements, saying they may unintentionally leave thousands of drivers in one of the company’s largest markets unable to insure their vehicles. Uber …

Insurance 98

Insurance Technology 98

Insurance Journal

SEPTEMBER 5, 2024

In today’s digital age, data is the lifeblood of the insurance industry. This post is part of a series sponsored by Selectsys. Accurate and efficient data extraction is crucial for streamlining operations, reducing errors, and enhancing decision-making. SelectsysTech’s AI OCR …

Technology 98

Technology Insurance 98

Complex Discovery

JULY 15, 2024

Editor’s Note: The increasing complexity and frequency of cyber threats make cyber insurance an indispensable tool for businesses of all sizes. million, cyber insurance offers vital financial protection. Cyber insurance serves as a financial safety net, mitigating the liabilities and losses resulting from data breaches.

Insurance 100

Insurance Finance and Banking Healthcare Depositions 100

Insurance Journal

OCTOBER 3, 2024

In today’s fast-paced insurance industry, precision in underwriting is not just a requirement—it’s a critical factor in maintaining competitiveness and ensuring profitability. As the insurance landscape continues to evolve, traditional … This post is part of a series sponsored by Selectsys.

Technology 105

Technology Insurance 105

Insurance Journal

OCTOBER 2, 2024

Insured industry losses from the flooding in the Czech Republic, Poland and Austria in September 2024 will range from €2 billion (US$2.2 billion), according to Verisk, the data analytics and technology provider. billion) to €3 billion (US$3.4 S&P Global Ratings …

Insurance 105

Insurance Technology 105

Insurance Journal

SEPTEMBER 29, 2024

The insurance industry is undergoing significant transformation, driven by the adoption of automation in Business Process Outsourcing (BPO). By integrating technologies like artificial intelligence (AI), machine learning (ML), and robotic … This post is part of a series sponsored by Selectsys.

Insurance 98

Insurance Technology 98

Insurance Journal

FEBRUARY 19, 2025

This post is part of a series sponsored by Darkhorse Insurance. In the ever-evolving landscape of the insurance industry, a powerful alliance has emerged the dynamic duo of insurance and technology. This partnership has become a driving force behind …

Technology 52

Technology Insurance 52

Insurance Journal

JULY 23, 2024

Insurance software firm Applied Systems reports that it has acquired Planck, a leading artificial intelligence (AI) company for the insurance industry. Planck provides an AI-based data platform for commercial insurance. It works with US insurance companies, helping them streamline the …

Insurance 109

Insurance Technology 109

Insurance Journal

OCTOBER 20, 2024

The insurance industry is undergoing a digital transformation, with companies increasingly adopting cloud-based solutions to enhance their operations. Cloud technology offers unparalleled flexibility, scalability, and security, making it an ideal … This post is part of a series sponsored by Selectsys.

Insurance 98

Insurance Technology 98

Insurance Journal

SEPTEMBER 15, 2024

By Allen Laman Continuing worker shortages, the threat of nuclear verdicts in some geographical locations, and the implementation of new technology are all shaping the property/casualty insurance market for senior living facilities. Challenging areas for coverage can vary by location, …

Insurance 96

Insurance Technology 96

Law Sites

APRIL 11, 2024

It launched in 2017 to great fanfare, promising to “revolutionize legal services” through its dual-entity model of both a law firm and a technology company. Yet even though the company is no longer operating, it continues to fight the lawsuit, with its defense and counterclaims funded by insurance coverage. LexisNexis Firm Manager.

Legal Research 331

Legal Research Counterclaim Legal Services Litigation 331

Insurance Journal

SEPTEMBER 26, 2024

Markel, the insurance operations within the Markel Group Inc., has launched an enhanced insurance proposition tailored to meet the evolving needs of the UK’s growing tech sector. The enhanced product, MarkelTech, is aimed at start-ups, small-and-medium-sized businesses, mid-market and high-growth …

Insurance 111

Insurance Technology 111

Insurance Journal

JANUARY 8, 2025

head of cyber and technology. Burke assumes the role after serving as the company’s executive vice president, cyber and technology, since joining Canopius in 2020. Canopius, headquartered in Chicago, appointed Laura Burke as U.S. Burke brings more than a decade …

Technology 97

Technology 97

Insurance Journal

SEPTEMBER 9, 2024

Catalyit, an insurance technology hub for independent insurance agents, is partnering with the Independent Insurance Agents & Brokers of America, Inc. the Big “I”) to support independent insurance agents in selecting, implementing and optimizing the right technologies for their agencies.

Technology 105

Technology Insurance 105

Attorney at Work

JUNE 2, 2022

Thanks mostly to the spate of technology advances made possible by cloud services, it is cheaper to practice law than ever before, because lawyers can virtualize much of what they do. We can organize your start-up costs into these broad categories: Technology. Technology upgrades: Hardware and Data. Do you have $500?

Technology 246

Technology Insurance 246

Insurance Journal

JULY 26, 2024

McKINNEY, Texas (AP) — At the start of every work day, construction worker Charles Smith puts on the essentials: hard hat. Safety glasses. A reflective vest. And a small, watch-like band for his wrist. But rather than track time, its …

Technology 111

Technology Construction 111

Insurance Journal

SEPTEMBER 10, 2024

Insurers and asset managers worldwide continue to focus on cybersecurity amid growing risks, according to findings from a Moody’s Ratings survey that polled 110 companies operating across both sectors. Respondents’ total investment in cybersecurity rose by 53% between 2019 and …

Insurance 105

Insurance Technology 105

Insurance Journal

AUGUST 27, 2024

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’ ability to sell Root insurance products. “Root and Goosehead identified …

Insurance 105

Insurance Technology 105

Insurance Journal

APRIL 3, 2025

Risk digitization was cited as the primary technology priority for revenue growth in a recent study from insurtech Cytora. Cytora surveyed 200 senior leaders from global insurance firms and found that 76% of respondents saw risk digitization (encompassing new business, …

Insurance 59

Insurance Technology 59

Insurance Journal

JULY 16, 2024

The most high-profile lawsuits around GenAI have so far centered on the idea that this technology will absorb the … It is interesting—and telling—that one of the concerns around generative artificial intelligence has to this point largely revolved around copyright infringement.

Insurance 111

Insurance Technology 111

Insurance Journal

DECEMBER 5, 2024

The Federal Deposit Insurance Corp. has started to directly monitor financial-technology companies that partner with banks across the US, according to people familiar with the regulator’s supervisory operations. The fintech monitoring system will help FDIC examiners anticipate potential vulnerabilities before …

Depositions 116

Depositions Technology Insurance 116