Insurance

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

New York Sues Allstate and National General Over Data Breaches
New York Sues Allstate and National General Over Data Breaches
March 10, 2025  |  Legal

Several insurance companies doing business as National General and Allstate are facing a lawsuit in which the New York State Attorney General alleges that they failed to protect...

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All-in-One Platforms Help Insurers Meet Customers Where They Want to Get Paid
All-in-One Platforms Help Insurers Meet Customers Where They Want to Get Paid
March 07, 2025  |  Insurance

Insurance is one of the most complex industries, marked by multiple touch points among several stakeholders — from carriers to customers, claims adjusters to contractors....

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AI Copilots Give Commercial Insurance a Long-Overdue Makeover
AI Copilots Give Commercial Insurance a Long-Overdue Makeover
March 06, 2025  |  Insurance

The commercial insurance industry, an economic linchpin valued in the hundreds of billions, has long been bogged down by antiquated, paper-based processes. While that should...

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NY Fines Car Insurers $20 Million Over Reporting Failures
NY Fines Car Insurers $20 Million Over Reporting Failures
February 24, 2025  |  Insurance

New York has closed a multi-year probe into car insurers’ failure to report timely information. That investigation, the New York State Department of Financial Services (NYDFS) said...

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UnitedHealthcare to Reduce Benefits Unit Workforce While Adding Other Positions
UnitedHealthcare to Reduce Benefits Unit Workforce While Adding Other Positions
February 19, 2025  |  Healthcare

UnitedHealthcare is reportedly looking to reduce the number of employees in its benefits unit through buyouts or layoffs. The company is offering some employees in...

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Trump Steel/Aluminum Tariffs Could Drive Up Car Insurance Costs
Trump Steel/Aluminum Tariffs Could Drive Up Car Insurance Costs
February 12, 2025  |  Economy

President Trump wants new tariffs on steel and aluminum, which could raise the cost of cars. But as the Wall Street Journal (WSJ) reported Wednesday (Feb. 12),...

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Uber Files Racketeering Lawsuit Alleging Auto Insurance-Related Fraud
Uber Files Racketeering Lawsuit Alleging Auto Insurance-Related Fraud
January 30, 2025  |  Legal

Uber Technologies is reportedly suing a group of law firms, doctors and pain management clinics, alleging they staged car accidents and performed medically unnecessary surgeries....

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UnitedHealth Sees Digital Solutions Slash Onboarding Costs
UnitedHealth Sees Digital Solutions Slash Onboarding Costs
January 16, 2025  |  Earnings

Digital transformation is at the forefront of an overarching strategy to elevate the customer experience for officials at UnitedHealth Group. “At the core of the company...

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PayPal Ventures Helps InsurTech Olé Life Raise $13 Million
PayPal Ventures Helps InsurTech Olé Life Raise $13 Million
January 16, 2025  |  Insurance

Latin American InsurTech Olé Life has raised $13 million with the help of PayPal Ventures. The Series B funding, announced Thursday (Jan. 16), will allow...

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