–Farmers New World Life Insurance Company, recently announced a cybersecurity incident, which impacted the personal information of tens of thousands of individuals. Lynch Carpenter is a national class action law firm with offices in Pennsylvania, California, and Illinois. CONTACT Jerry Wells COMPANY Lynch Carpenter LLP PHONE 322-9243 EMAIL…
Insurtech
–Green Minting Technologies, Corp., announced today the strategic investment commitment of up to $150 Million USD with GEM Digital Limited through a token subscription agreement to develop a state-of-the-art, 600- Megawatt, off-grid, renewable energy, Bitcoin mining and AI datacenter project. As part of the $150 Million USD investment commitment, Mint will…
Winning With AI: Strategies from the insurance industry’s top performers
Experts share key insights on what the top five industry leaders in AI rollouts did to deploy the technology most successfully.
Is the life insurance industry evolving fast enough to meet consumer expectations?
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First investment from $50 billion strategic partnership to deliver integrated digital and power infrastructure at scale. SUMMIT, N.J.& NEW YORK—- Energy Capital Partners, one of the largest private owners of power generation and renewables in the U.S., and KKR, a leading global investment firm, today jointly announced the development of a new 190 MW hyperscale…
A majority of Allianz Life's 1.4 million US customers had their personal data stolen in cyber-attack. Here's what you need to know.
AI adoption has dramatically changed insurance landscape, expert says
The adoption of AI into the insurance value chain is the biggest factor to transform the insurance industry in recent times, an expert says.
New technology uses AI to help insurers detect fraudulent activity
A new AI-powered solution helps insurers detect fraud by flagging unusual user activity directly on an insurance company’s website.
Regulators in that state, as well as California, Minnesota, Nebraska, New York and Texas, brought the administrative action, with each state to receive $700,000 under terms of the order.–“ Wise takes its responsibility to provide a safe and secure service to our customers very seriously,” a company spokesperson said Wednesday in an email.“ We continue to invest…
How new AI benchmarking tool helps insurers track ROI
Digital customer service platform Glia has launched a new benchmarking tool to help insurers “cut through the fog” in analyzing AI strategy.
Ex-FBI agent warns insurers: Beware ‘Scattered Spider’ cyber attacks
A major international cybercrime organization known as Scattered Spider is setting its sights squarely on the insurance industry.
Legacy mindset holding insurers back on implementing AI, expert says
An industry expert says while some insurers have implemented individual use-cases for AI, many still struggle to see a bigger-picture view.
How smart contracts could redefine insurance for agents
The insurance industry is on the verge of a monumental shift, driven by the integration of blockchain technology and smart contracts.
Expert shares practical tips for human-friendly AI adoption, upskilling
As artificial intelligence remains a hot-button topic in insurance, one expert shares insights on best practices for adopting and scaling AI.
—Aflac said Friday that it experienced a cybersecurity incident last week that may have impacted files containing social security numbers, health information and other personal information. The insurance company first detected suspicious activity on its network last Thursday and "promptly initiated our cyber incident response protocols and stopped…
Could a bitcoin-based indexed annuity be in the future?
An insurtech holding company is seeking a fronting carrier and regulatory approval for a bitcoin-based indexed annuity.
Nvidia, through its venture capital arm NVentures, has joined Bill Gates and HD Hyundai in raising $650 million to back TerraPower, Gates’ nuclear power startup founded in 2006 that’s been working on small modular reactor (SMR) technology to standardize, miniaturize, and scale nuclear power. The startup is developing a 345-megawatt Natrium plant in Wyoming that…
