U.S.-based corporations spent nearly $4 billion of their legal budgets on class actions last year, making...
Lemonade Books Q1 Net Income Loss But Sees Progress
InsurTech Lemonade followed 2023—” the year when the plan came together “—with a first quarter 2024 net loss of $47.3 million....
InsurTech Lemonade followed 2023—” the year when the plan came together “—with a first quarter 2024 net loss of $47.3 million....
Article / 4 days ago
Novidea Secures Additional $30M, Bringing Total Series C to $80M
Novidea, a creator of a cloud-based, data-driven enterprise insurance management platform, announced it has raised an additional $30 million from...
Novidea, a creator of a cloud-based, data-driven enterprise insurance management platform, announced it has raised an additional $30 million from...
Article / 25 days ago
Pennsylvania Issues ‘Expectations’ for Carriers Regarding AI Use
Pennsylvania has issued guidance for insurance companies’ use of artificial intelligence systems (AIS) based on a model adopted by the National Association of...
Pennsylvania has issued guidance for insurance companies’ use of artificial intelligence systems (AIS) based on a model adopted by the National Association of...
Article / 25 days ago
Poll: Consumers OK With AI in P/C Insurance, but Not So Much for Claims and Underwriting
A poll to understand American consumers’ attitudes toward artificial intelligence in the property/casualty insurance sector shows the strongest...
A poll to understand American consumers’ attitudes toward artificial intelligence in the property/casualty insurance sector shows the strongest...
Article / 26 days ago
InsurTech Neural Earth Secures $1.4M in Pre-Seed Funding
Neural Earth, a provider of artificial intelligence data analytics for property/casualty insurance, announced the close of its oversubscribed $1.4 million pre-seed funding round....
Neural Earth, a provider of artificial intelligence data analytics for property/casualty insurance, announced the close of its oversubscribed $1.4 million pre-seed funding round....
Article / 1 month ago
Small Business InsurTech Coterie Announces $27M Funding Round
Coterie, an InsurTech managing general agent focused on small business insurance, announced a raise of $27 million in new capital investment....
Coterie, an InsurTech managing general agent focused on small business insurance, announced a raise of $27 million in new capital investment....
Article / 2 months ago
Millennials Most Likely to Embrace AI in P&C Insurance
Out of any other generation, millennials are more likely to view AI as a positive development in P&C insurance, according to insights unveiled in Insurity’s 2024 AI in Insurance Report...
Out of any other generation, millennials are more likely to view AI as a positive development in P&C insurance, according to insights unveiled in Insurity’s 2024 AI in Insurance Report...
Article / 2 months ago
Small Business Focused InsurTech Rainbow Announces $12M Seed Round
Rainbow, a digitally-enabled managing general underwriter offering tailored small business insurance products, has announced $12 million raised in...
Rainbow, a digitally-enabled managing general underwriter offering tailored small business insurance products, has announced $12 million raised in...
Article / 3 months ago
InsurTech Wisedocs Closes $9.5M Series A Round
Wisedocs, a machine learning software-as-a-service for medical record review, indexing, and summarization, closed $9.5M in oversubscribed Series A financing. The Series A was led by...
Wisedocs, a machine learning software-as-a-service for medical record review, indexing, and summarization, closed $9.5M in oversubscribed Series A financing. The Series A was led by...
Article / 3 months ago
Generative AI Can Boost Insurance Industry Fraud Detection, Customer Service
Strategic implementation of generative AI can be a significant differentiator for stakeholders in the insurance industry, according to new research by Info-Tech...
Strategic implementation of generative AI can be a significant differentiator for stakeholders in the insurance industry, according to new research by Info-Tech...
Article / 3 months ago