Technology & Analytics
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. ...
Progressive Says Technology Pulling Auto Safety in Opposite Directions
While automakers are making progress in including lifesaving automatic safety devices with their latest vehicles, advances in another kind of technology may be having the opposite effect on auto ...
Cyber Criminals Nabbed $1.3B in Ransom Payments Over 2 Years: Report
Criminals netted $1.3 billion in ransom payments from hacking victims in the past two years, reflecting a massive surge in cyber crime that has prompted a global effort to stop it, according to a new ...
Parametric InsurTech Startup FloodFlash Raises $15M for International Expansion
FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million. The round was led by Chicago-based ...
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 ...
A Sign of Ransomware Growth: Gangs Now Arbitrate Disputes
Cyber criminal gangs are getting increasingly adept at hacking and becoming more professional, even setting up an arbitration system to resolve payment disputes among themselves, according to a new ...
10 Cyber Attacks in 2021 Cost $600M With 40,000 Businesses Put at Risk: TMHCCI Report
In just 10 cyber incidents last year, over $600 million in cash was stolen or taken as ransom, tens of millions of citizen records stolen, 40,000 businesses' IT operations put at risk, one billion ...
How Data-Rich Telematics Is Accelerating the Future of Auto Insurance
Auto insurance pricing is complex, challenging carriers to deliver competitive rates that effectively balance risk with profit potential. Fortunately, the evolution of telematics has streamlined the ...