Technology/Science
Five Essential Considerations in Evolving Predictive Modeling
The majority of insurers have implemented sophisticated predictive models over the past decade, often in their pricing and automotive lines of business. Despite strong evidence of impact, many are ...
Lawyer-Turned InsurTech Founder Looks Into Cloud to Settle Tesla Claims
While Tesla has designs on using the data it collects to price insurance policies, the founder of an InsurTech is using it for the other end of insurance transactions—to unravel the story of ...
On the Highway: A Litigator’s View From the Driver’s Seat of a Tesla
In 2016, Mike Nelson, the founder of InsurTech Quantiv Risk, bought his first Tesla and embarked on a 12-state cross country trip to get a first-hand understanding of where automobile technology was ...
U.S. Supreme Court Spurns Google Bid to Avoid Shareholder Lawsuit
The U.S. Supreme Court on Monday declined to hear Alphabet Inc's attempt to nix a lawsuit by shareholders accusing the Google parent company of fraudulently concealing a security glitch that left ...
Zywave Agrees to $11M Fund to Settle ITC Data Breach Lawsuit
Insurance technology provider Zywave has agreed to offer an $11 million fund to settle a class-action lawsuit related to a data breach at a company it acquired in 2020. A proposed class-action suit ...
Insurers Urged to Stress Test Cyber Portfolios for Russian Attack Potential
Cyber risk and analytics firm CyberCube said it has seen cyber attacks on Ukrainian government services, infrastructure and other industries and it urges the insurance industry to re-evaluate ...
Russian Cyber Attacks May Test Insurer War Exclusion Policy Language
The Russian invasion of Ukraine has increased the risk of cyber attacks and potential claim costs for property/casualty insurers globally that offer cyber coverage, the majority of which is ...
TikTok Facing Probe Over How Platform Markets to Kids
ByteDance Ltd.'s TikTok is being targeted by a group of states seeking to determine whether the social media platform is being improperly marketed to children. The states are investigating how TikTok ...