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Today's Headlines August 29, 2022

How AI Estimating Helps Auto Insurers in Inflationary Times

According to Jimmy Spears, head of automotive at InsurTech Tractable, "Speed is everything" in auto claims adjusting. "Nothing gets cheaper over time," he said during a recent interview, addressing a question about whether the computer vision company, which uses artificial intelligence to visually assess car damage, might be able to help auto insurers lower costs... read more
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With a Few Exceptions, Personal Insurance Shopping Subdued in Q2 2022

Auto insurance shopping was down 3 percent overall in second-quarter 2022 compared to the same period in 2021. That trend was primarily driven by a significant decrease by higher-risk consumers, where shopping decreased 11 percent compared to Q2 2021. TransUnion's new Personal Lines Insurance Trends and Perspectives Report found property and auto insurance shopping in... read more
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 Brand Spotlight 
Is the Insurance Industry Ready for The Great Wealth Transfer?

Insurance carriers and agencies should start considering how to court the next generation of clients, as baby boomers will be leaving record-breaking levels of wealth to their heirs over the next two decades in what's been termed "The Great Wealth Transfer." It's also an ideal ...read more
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Moderna Sues Pfizer/BioNTech for Patent Infringement Over COVID Vaccine

Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first COVID-19 vaccine approved in the United States, alleging they copied technology that Moderna developed years before the pandemic. Pfizer shares fell 1.4 percent before the bell, while BioNTech was down about 2 percent. The lawsuit, which seeks... read more
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Tech Bytes: New Partnerships at CompScience, Ascend, Origami Risk

CompScience, a provider of video analytics as a service and data-driven recommendations for workplace safety, closed a $6 million seed round. It now covers 70 percent of the U.S. market. Investors in the platform include Working Capital Fund, Preface Ventures, Hustle Fund, Pathbreaker Ventures and others. With existing video from work sites, the CompScience platform... read more
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World's Most Popular Password Manager Says It Was Hacked

LastPass, a password manager used by more than 33 million people around the world, said a hacker recently stole source code and proprietary information after breaking into its systems. The company doesn't believe any passwords were taken as part of the breach and users shouldn't have to take action to secure their accounts, according to... read more
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U.S.-Listed Companies Will Have to Disclose How CEO Pay Stacks Against Firm Performance

Wall Street's main regulator on Thursday voted to adopt a measure requiring that U.S.-listed companies disclose how the pay of their top executives squares with overall company performance. The U.S. Securities and Exchange Commission said the rule will require that firms provide in their proxy statements and other disclosures a table outlining executive compensation and... read more
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Research and Webinars

How a Managed Repair Technology Ecosystem Can Increase Efficiency and Accuracy

Insurers face formidable challenges when it comes to the end-to-end handling of ...
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Technology Alone Is a Tool - Not the Solution

Artificial Intelligence is going to be a major key to growth in this decade. ...
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The State of Gulf Homes: 17 Million Single-Family Residences Analyzed

Arturo's Hurricane Exposure Report analyzes 17,398,366 single-family residences ...
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The Impact of Reducing Online Abandonment Rates

The Property and Casualty (P&C) insurance industry is being dramatically ...
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Key Insights to Improving the Agent Experience

An engaging and efficient agency portal translates into ease of doing business ...
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Media

Cannabis Business Plaintiff’s Attorney on Miscues That Should Get Insurers’ Attention

InsurTech Newsletter


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