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Today's Headlines March 28, 2022

Former Google Engineer Works On AI for Claims Adjusters

Tom Vykruta, chief executive officer and co-founder at InsurTech EvolutionIQ, is no stranger to solving hard problems. Problem solver was essentially the job description for the relative newcomer to the insurance industry in one of his previous roles at Google. "They would have some massive data problems, some real large problems [being tackled] using older-style... read more
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Court Denies Insurer Use of Multiple Exclusions to Dodge Defending Insured

Everest Indemnity Insurance Co. is on the hook to defend an insured alleged to have improperly installed a fire suppression system under its errors and omissions policy because its various exclusions were, at best, ambiguous. The ruling in Bayside Fire Protection LLC v Everest Indemnity Insurance Co. is critical of the insurer's language in its... read more
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 Brand Spotlight 
An Eye on the APIs: A Cloud Platform's Role in API Documentation, Administration and Governance

There is a very popular movie genre we might call "the heist." We're all familiar with it from movies like Ocean's Eleven or The Italian Job. Pick any heist movie and you will see one obligatory scene. There is a small dark room where a ...read more
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J&J's Victory Over Cancer Victims Clears Path for 3M, Others

A court ruling allowing Johnson & Johnson to use a controversial bankruptcy strategy to force cancer victims into potential settlement talks has raised the odds that other companies facing costly product-liability claims like 3M Co. and Dow Inc. may follow suit, analysts and legal experts say. A judge in February cleared J&J to employ a... read more
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Policygenius Raises $125M in Series E Round, Brings Total Funding to More Than $250M

Policygenius, a tech-enabled platform for insurance distribution, closed $125 million of new growth capital, bringing the company's total funding to more than $250 million. The company will use the new capital to continue to invest in the growth of its core businesses of life, disability, home and auto insurance, as well as new no-exam life... read more
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Russian Agents Charged with Targeting U.S. Nuclear Plant, Saudi Oil Refinery

Officials in the U.S. and UK on Thursday accused the Russian government of running a years-long campaign to hack into critical infrastructure, including an American nuclear plant and a Saudi oil refinery. The announcement was paired with the unsealing of criminal charges against four Russian government officials, whom the U.S. Department of Justice accused of... read more
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London Insurance Brokers Probed for Bribery and Corruption by UK Serious Fraud Office

A handful of London insurance firms are being investigated for bribery and corruption by the UK's Serious Fraud Office, according to people familiar with the probe. The fraud cops are examining the way firms, including Marsh & McLennan Cos.' Jardine Lloyd Thompson and Tysers Insurance Brokers Ltd., secured business in South America, said the people,... read more
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British Police Arrest 7 Suspected Members of Lapsus$ Hacking Group

Police in Britain have arrested seven people following a series of hacks by the Lapsus$ hacking group which targeted major firms including Okta Inc. and Microsoft Corp., City of London Police said on Thursday. San Francisco-based Okta Inc, whose authentication services are used by some of the world's biggest companies to provide access to their... read more
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Generali Fires CEO's Internal Rival in Power Struggle

Generali has fired executive Luciano Cirina, who is challenging incumbent Philippe Donnet for the role of chief executive, with immediate effect for alleged breach of contract, Italy's largest insurer said on Monday. Cirina, who was Generali's head of Austria and CEE countries, has been proposed by a leading shareholder in the group for the top... read more
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Research and Webinars

Becoming the Insurance Carrier of Tomorrow

Today, there are four major forces that are putting pressure on the property ...
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The Impact of Insurance Tech on Emerging Markets

Michael DeGusta (who started his career at Apple.com and later co-founded the ...
read more

The Ultimate Claims Management Platform Checklist

This must-read white paper illuminates the role technology plays in solving two ...
read more

Price Policies more Accurately with Geospatial Technology

Over-pricing policies could trigger the loss of high-quality, lower risk ...
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Developing a Digital Payment Experience that Meets Customer Needs & Expectations

Recent studies indicate that consumers are willing to switch insurance ...
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Media

EP. 27: Two Experts Debunk Some of the Biggest Myths Around Cyber Insurance

InsurTech Newsletter


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