UCM Medical Group said in a news release that one of its vendors— debt collection agency Nationwide Recovery Service— notified the group that in July an unauthorized person accessed the company’ s systems. The exposed information may have included first and last names, addresses, dates of birth, Social Security numbers, financial account information and/or…
In that time, the company has experienced the murder of a top executive, been embroiled in federal investigations for allegedly defrauding the U.S. government and suffered the fallout from a cyberattack that cost it billions. On November 11, 2024, UnitedHealth reached its all-time high on the stock market: $625 per share, giving it a market capitalization of…
Insurtech investment roars back in Q1
After several quarters of stagnant growth and investor fatigue, the insurtech sector roared into 2025 with renewed purpose.
How insurance agents can use custom GPTs to improve SEO rankings
Insurance agents seeking to improve their SEO rankings can capitalize on customized versions of AI platforms.
Industry-specific LLMs to become focus of innovation, expert says
Industry-specific large language models are expected to drive innovation as AI adoption continues,, according to one expert.
Q&A: How CIRSA uses hail alerts to protect municipal fleets, reduce risk
Hail property damage has gotten more severe over the last 7 or 8 years, prompting a proactive approach and the use of innovative technology.
How failure to modernize could be holding insurance companies back
Failure to modernize back-office operations and embrace new technology that enables efficiency could be holding some insurance companies back.
MIB Group introduces first e-signature platform specifically for life insurance
The first e-signature and workflow support platform specifically designed for life insurance should bring speed and simplicity to the industry, MIB Group said.
NAMIC: Insurance AI regulation efforts driven by ‘unfounded notions’
Efforts to regulate the use of big data and artificial intelligence by insurance companies are misguided and threaten to harm policyholders, a trade group claims.
How ‘data augmentation’ might speed up AI adoption in P&C insurance
While advances in artificial intelligence have been slow to reach commercial P&C insurance, new trends in data augmentation could help pick up the pace, according to experts on a recent Insurtech Insights panel.
Discouraged by several hours-long waits on hold to make changes to the federal withholding on his Social Security payment— and unable to log in to his online account— retired teacher Lonnie Duberstein decided to make the 15- minute drive to his local office and do it in person. Senior advocates are warning of many possible issues facing Minnesotans as the…
How insurers can weather extreme storms with AI
AI-based tools can be used to help speed up the initial assessment of claims and triage them
Insurance industry slow to adopt AI. How has that affected productivity?
An ActivTrak Productivity Lab study examines the productivity of the insurance industry in the face of low AI adoption.
Should financial advisors use AI? An expert weighs in
With many consumers having embraced AI themselves, how do they feel about financial advisors using the technology. One expert weighs in.
Expert looks at range of insurance industry trends as AI takes hold
With the advance of AI, change in markets, and ongoing challenges, the insurance industry is carving out new strategies.
‘Explainable AI’ in insurance: 5 best practices & 4 major challenges
As increasing use cases of AI in insurance add urgency to the need for explainability, experts are recommending best practices.
State insurance regulator on pace of AI rules: ‘We must go faster’
Artificial intelligence is developing fast, maybe too fast for state insurance regulators. But some say they have to move faster.
Supplemental health startup breaks new ground with wide coverage, quick cash payouts
Startup Ansel Health has carved a niche in the supplemental health insurance space in its effort to provide a better way.
What is ‘explainable AI,’ and why must insurers address it now?
American insurers are being urged not to drag their feet on ensuring their use of AI is “explainable” to regulators and consumers.
