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Today's Headlines February 15, 2022

How Wearable Tech Can Drive Down Workers Comp Claims

As we begin a new year, there's a new way to think about workers comp insurance—a way that goes beyond providing a transfer of risk to utilizing connected technology that helps to prevent risk. This proactive approach relies on the Internet of Things (IoT), a key driver in the rising digital transformation of insurance. IoT... read more
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Why Founders Leave InsurTechs

Ron Glozman has always been a problem-solver, a good skill to have as a tech visionary creating companies that automate manual processes in the insurance industry. Once the business is launched, he's already thinking about the next one. In 2014, Glozman founded Chisel AI, a real-time data extraction tool that identifies submissions that align with... read more
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 Brand Spotlight 
Smooth Sailing or Gridlock: Why APIs are Better Handled in the Cloud

California is a gorgeous state, unfortunately known to the rest of the world for its wildfires, a high cost of living and in some locations, bad traffic. But bad traffic makes for good analogies, especially when it comes to APIs. Both traffic and APIs require ...read more
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NASA Concerned About SpaceX Satellite Deployment Plan

The National Aeronautics and Space Administration (NASA) raised concerns about SpaceX's plan to deploy about 30,000 satellites for its Starlink, as have some major companies. Elon Musk's SpaceX previously received authorization for about 12,000 satellites to offer broadband Internet and has requested authorization for a second-generation constellation of 30,000 satellites. "NASA has concerns with the... read more
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Inspector General Says Counterfeit Parts in Nuclear Plants Raise Safety Concerns

Many counterfeit parts have been discovered in U.S. nuclear plants, potentially increasing the risk of a safety failure, the inspector general of the federal nuclear industry regulator said in a recent report released. The report is a blow to a U.S nuclear industry that has shrunk in recent years due to competition from renewable power... read more
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Judge Blocks Biden Order on Calculating Climate Risks in Government Decisions

A federal judge on Friday blocked for now the Biden administration from restoring Obama-era values for calculating the cost of climate change in the government's permitting, investment and regulatory decisions. The preliminary ruling by a U.S. District Court judge in Louisiana is a blow to President Joe Biden's efforts to factor the risks of climate... read more
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Hertz Customers Who Claim They Were Falsely Arrested Score Win in Court

Hertz Corp., battling hundreds of customers who say they were falsely arrested for auto theft after renting cars, was ordered by a federal judge to disclose how many renters it accuses every year. U.S. Bankruptcy Judge Mary Walrath sided with advocates for 220 people suing Hertz who argued more details about Hertz's internal anti-theft program... read more
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FT Partners: 2021 Most Active Year for Private Company InsurTech Funding

FT Partners found in its recently published 2021 Annual InsurTech Almanac report that 2021 was the largest and most active year globally for private company InsurTech funding, with approximately $13.7 billion in financing volume and 430 transactions. Half of all financings were raised by companies outside of the U.S., with the average funding round size... read more
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More Airlines Avoiding Ukraine Airspace Amid Insurance Issues

More airlines are likely to avoid Ukraine's airspace amid insurance issues and a decision by leading European carriers to stop overflights after a U.S. warning that Russia could invade at any time, a flight operations advisory firm said on Monday. Dutch airline KLM said it would halt flights to Ukraine and through the country's airspace,... read more
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Research and Webinars

Digital Strategies & Shifting Priorities in Commercial Lines Insurance

Join Dave McKenna, VP, IT & CISO from Upland Capital and OneShield's ...
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Digital Payment Experience in Insurance: Transforming Customer Interactions and Payment Options

Strategy Meets Action (SMA) offers insurers insights on advancements in premium ...
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E&S Startups Emerge To Take On Insurance's Biggest Risks

It's good to be in the E&S market right now. Indeed, E&S typically ...
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Media

Commercial Lines Loss Ratios Through Nine Months

InsurTech Newsletter


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