CTO / Technology
State Farm Invests $1.2B in ADT; Adopts ‘Predict and Prevent’ Mindset
State Farm and ADT, a smart home provider, announced that State Farm will make a $1.2 billion equity investment in ADT, a move that will give the nation's largest insurer a 15 percent ownership stake ...Beyond Zeros and Ones: When Cyber Attacks Become Physical
When people think of cyber attacks, they might think of things like phishing, ransomware or data theft. But increasingly, something called cyber-physical attacks are making their way into the ...
Hippo Cuts Staff 10 Percent; 70 Jobs Eliminated
As part of an "organizational realignment," Hippo Holdings Inc. said that it is eliminating roughly 70 jobs from the company, amounting to about 10 percent reduction of the InsurTech's overall ...
Next Gen Service: What Agents Want From Their Carrier Partners
At a recent industry event, the Duck Creek Formation conference in March, insurance agency representatives, including Most Insurance Agency Principal Craig Most, shared their thoughts about what ...
Truly Transformative Tech: Hype vs. Results
As digitization across the insurance industry accelerates, it can be tempting for insurers to jump on the proverbial bandwagon and devote resources to every new technology that promises fundamental ...
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 ...
How Insurers Can Retain Skilled IT Talent With Workload Automation and Orchestration
Insurance companies faced a growing labor shortage before the pandemic, but now the challenge of hiring and retaining skilled workers is even more significant. In late 2021, millions of Americans ...
How Insurers Can ‘Leapfrog the Competition’ With the Use of AI and Machine Learning
The use of artificial intelligence technology is accelerating in the insurance industry both on the claims and underwriting fronts, according to Stan Smith, founder and CEO of GradientAI, and ...