#insurance-industry

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data-privacy
www.nytimes.com
2 weeks ago
Data science

How G.M. Tricked Millions of Drivers Into Being Spied On (Including Me)

Automakers selling driving behavior data to insurance industry without driver consent, leading to potential premium increases. [ more ]
The Drum
1 month ago
Privacy professionals

Are brands infringing our rights? Recognize the 4 horsemen of the data apocalypse

Brands are collecting consumer data without consent, leading to consequences like denied insurance or higher premiums.
The digital revolution has expanded data collection methods to include biometrics, neural marketing, IoT, and more technologies beyond web tracking. [ more ]
Therecord
1 month ago
Privacy professionals

Insurer unveils policy covering drivers from connected car hacks and data leaks

Specialty insurer Munich RE introduces Cyber for Auto product covering cyber threats on the road.
Connected cars collecting personal data present new vulnerabilities and require insurance protection. [ more ]
moredata-privacy
data-sharing
www.nytimes.com
2 weeks ago
Data science

How G.M. Tricked Millions of Drivers Into Being Spied On (Including Me)

Automakers data sharing leads to insurance premium hikes without driver consent. [ more ]
www.nytimes.com
1 month ago
Tech industry

General Motors Quits Sharing Driving Behavior With Data Brokers

General Motors stopped sharing driving data with data brokers for insurance risk profiling.
Drivers enrolled in OnStar Smart Driver had data on their driving habits shared with insurance companies, affecting their rates. [ more ]
moredata-sharing
Sacramento Bee
2 weeks ago
California

Major insurer vows increase in California home policies if risk estimation rules change

Insurance companies in California may resume issuing new homeowner policies in response to rule changes allowing them to predict future risks more efficiently. [ more ]
Sacramento Bee
3 weeks ago
California

California lawmaker wants state to consider additional home insurance discounts for wildfire work

California lawmaker aims to expand insurance discounts for wildfire mitigation efforts. [ more ]
Sacramento Bee
4 weeks ago
California

A California bill could lead to lower home insurance costs. Here's why companies hate it.

Insurance companies in California may have to consider wildfire prevention efforts in home coverage pricing.
Senate Bill 1060 proposed by Sen. Josh Becker aims to include vegetation management and home protection in determining risk. [ more ]
SFGATE
4 weeks ago
California

One Calif. home insurance company won't be renewing 30K policies

State Farm is cutting 30,000 policies in California, citing financial strains from various factors.
Increased wildfire risk in California has led multiple insurance companies to stop renewing homeowner policies in high-risk areas. [ more ]
Sacramento Bee
1 month ago
California

Major California property insurer decides to not renew tens of thousands of policies

State Farm to not renew 72,000 policies in California, citing challenges like higher construction costs and catastrophic events. [ more ]
Sacramento Bee
1 month ago
California

California's property insurer of last resort adds record number of policies in February

California FAIR Plan setting record with over 15,000 new policies in February.
The insurer's growth reflects the state's unstable insurance market due to wildfires. [ more ]
LogRocket Blog
3 weeks ago
Data science

Leader Spotlight: Empowering analytics and business intelligence teams, with Akash Gupta - LogRocket Blog

Empower analytics teams to find 'golden nuggets' of insights.
Understanding the impact of launching a paid streaming service on traditional cable business.
Optimizing and tracking LTV to CAC ratio in the insurance industry. [ more ]
Medium
1 month ago
Data science

Developing Credit Scoring Models for Banking and Beyond

Interpretability is crucial in machine learning models for various industries.
Using interpretable models helps end-users understand and trust the model's output. [ more ]
www.bostonherald.com
1 month ago
Artificial intelligence

3 ways AI could transform your insurance policy

Insurers leveraging AI to process vast amounts of data for accurate risk assessment.
Customers may benefit from faster insurance applications with AI technology, despite potential privacy concerns. [ more ]
www.theguardian.com
2 months ago
London

Stop insuring fossil fuel': activists target London insurers in week of action

Insurance industry targeted for climate crisis role
Activists call for insurers to stop insuring fossil fuel expansion [ more ]
Theregister
2 months ago
Privacy professionals

Prudential Financial finds cybercrims inside its IT systems

Prudential Financial experienced a cyberattack in which a criminal group gained unauthorized access to certain systems and customer accounts.
The company is working with external cybersecurity experts to investigate and remediate the incident. [ more ]
WSJ
5 months ago
Privacy professionals

Cyber Insurers Warn Catastrophic Hacks Will Require Government Help

A cyberattack in the U.S. may exceed the insurance industry's capacity to cover, necessitating government intervention.
Efforts are being made to establish a federal backstop to assist insurers in the event of a catastrophic cyberattack.
Government officials and the insurance industry are discussing the details of such a program. [ more ]
Silicon Valley Journals
2 months ago
Silicon Valley

Insurtech Startup Cake Secures $1.3M in Pre-seed Funding

AI-powered tools are being used to revolutionize the insurance industry.
These tools can help streamline the process of buying, selling, and valuing insurance books of business. [ more ]
subscriber.politicopro.com
2 months ago
Science

Wildfire Science Gets a Boost from Worried Insurance Companies

The U.S. insurance industry is investigating how wildfires spread through urban areas to better understand and mitigate their impact.
Wildfires are a relatively new major issue for the industry, resulting in less advanced science and data compared to other natural disasters such as hurricanes. [ more ]
Woman's World
3 months ago
Remote teams

Work From Home Insurance Jobs: No Degree Needed | Woman's World

The insurance industry offers a wide range of job opportunities, with nearly 6,000 insurance companies in the US and over $1.4 trillion worth of policies sold in 2021.
Many insurance companies have embraced remote work, providing resources and support for work-from-home employees. [ more ]
Above the Law
3 months ago
Law

Following Up With A Litigation Risk Insurance Broker (Part III)

Stephen Kyriacou Jr. believes that the main focus in the litigation and contingent risk insurance market in 2024 will be finding good opportunities for clients to insure their litigation risks.
He predicts continued growth in the market, with increased deal flow, more investment from insurers, and a wider variety of primary and/or lead insurers participating in deals. [ more ]
TechRepublic
4 months ago
Business intelligence

Nearmap's Aerial Image Data and AI Is Streamlining How Insurers Can Rate and Price Risk in Australia

Nearmap's aerial image and data intelligence is helping the insurance industry innovate.
The acquisition of Betterview by Nearmap will further improve support for decisions in the insurance industry. [ more ]
www.france24.com
5 months ago
Environment

Smog obscures Dubai skyline on 'Health' day at COP28 climate summit

Dubai experienced a blanket of smog during the COP28 summit, bringing attention to air quality and the impacts of climate change.
Hillary Clinton called for reform in the insurance industry, as companies withdraw assistance against climate shocks and pose challenges to lower-income countries. [ more ]
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