Technology/Science
Planck Raises $16 Million for Data Platform; Nationwide Becomes an Investor
Nationwide, eyeing the possibilities with Planck's AI-driven commercial insurance data platform, joined the company's latest financing round. Planck recently raised $16 million in a Series B venture ...
Global Investors, Politicians Spied on by Little-Known Indian Cyber Firm
A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a period of seven years. New Delhi-based BellTroX InfoTech Services targeted ...
Swiss Re Corp Solutions Launches Parametric HAIL Cover
Swiss Re Corporate Solutions announced the launch of a parametric hail insurance cover last week. Known as HAIL, the new product is designed to protect companies in the United States from the ...
Rideshares Out; Remote Work In: COVID Changing Behaviors For Good
U.S. consumers surveyed by IBM in April said they plan to make significant changes in the way they go about their lives and work in the wake of the coronavirus, voting thumbs down on rideshares and ...
Contact Tracing App Violates Privacy, Tech Privacy Firm Says
A contact tracing app pushed by the governors of North Dakota and South Dakota as a tool to trace exposure to the coronavirus violated its own privacy policy by sharing location and user ...
Not All Homes in Wildfire Zones Are Uninsurable; Zesty.ai Refines Scoring Model
Fire risk scores now used by insurance underwriters can sometimes make it challenging for homeowners to find coverage. Zesty.ai, a California InsurTech startup, is among a handful of firms working to ...
QBE NA’s CEO Sees No Pacmans Gobbling Brokers Among InsurTechs
As a veteran of the insurance brokerage side of the business, QBE NA's chief executive has heard the predictions that online distribution would replace traditional brokers, but he doesn't see any ...
DataCubes Becomes Convr, and Its CEO Explains Why
DataCubes has changed its name. Moving ahead, it will now be known as Convr (pronounced "con-ver.") The Illinois-based InsurTech startup launched in 2016 with an AI-focused platform designed to help ...