Technology/Science
State Farm Testing Blockchain Tech for Auto Claims-Related Subrogation
State Farm said it is testing a blockchain product for auto claims-related subrogation. Subrogation is typically the last part of an insurance claims process, where one insurance company recovers ...
Waymo’s Self-Driving Taxi Service Starts in Arizona, Relying on Passenger Fees
Alphabet's Waymo on Wednesday launched a significant development in its costly, decade-long quest for autonomous transportation: self-driving taxis that actually generate fares. With little fanfare, ...
Marriott CFO: $1B Estimate for Massive Cyber Breach Is Premature
It's too soon for Marriott International Inc. to estimate the cost of the massive cyber breach that the company disclosed last week, and other companies that have suffered big attacks are imperfect ...
Online Insurance Platforms Foster Both Good and Bad Situations: Geneva Association
Online platforms can foster insurance market transparency and reduce both transaction costs and information asymmetries, factors typically associated with increased competition and societal welfare. ...
Q&A Website Quora Discloses 100 Million Users Hit by Security Breach
About 100 million users of Quora were affected by unauthorized access to one of its systems by a "malicious third party," the knowledge-sharing website said on Monday. Account information, including ...
InsurTech CoverWallet Unveils Platform for Agents
CoverWallet, a technology company that has been on a mission to "reinvent insurance for small business" customers, is now offering its platform for insurance agencies, the company revealed today. ...
The Hartford Acquires Y-Risk, an MGA Focused on the Sharing Economy
The Hartford has acquired Y-Risk, a managing general underwriter focused on the sharing and on-demand economy, from Allstar Financial Group Inc. Neither side is disclosing financial terms. Y-Risk ...
Carriers Will Increasingly Turn to the Cloud in 2019: Deloitte Prediction
Insurers are poised to increasingly embrace the cloud and related technologies in 2019, according to predictions Deloitte makes in a new report. Deloitte argues that for the insurance industry, an ...