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.

Biden Administration Proposes Rules Targeting ‘Junk Fees’ in Health Insurance
Biden Administration Proposes Rules Targeting ‘Junk Fees’ in Health Insurance
July 07, 2023  |  Regulation

The President Joe Biden administration has proposed restrictions on “junk insurance” plans that don’t meet the standards of the Affordable Care Act. These short-term plans have taken advantage...

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‘Intelligent Automation’ Helps Insurers Streamline Auto Claims Payouts
‘Intelligent Automation’ Helps Insurers Streamline Auto Claims Payouts
July 07, 2023  |  Disbursements

In the auto claims industry, the payments tech stack is complex, and the total cost of ownership is expensive. As Michael Boeke, vice president of payments...

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Report: JPMorgan Chase Files Insurance Claim on Frank Acquisition
Report: JPMorgan Chase Files Insurance Claim on Frank Acquisition
June 21, 2023  |  Acquisitions

J.P. Morgan Chase reportedly aims to collect on an insurance policy after its acquisition of college aid platform Frank. The bank and Frank founder Charlie Javice...

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Banking Crisis Saps FDIC Insurance Fund
Banking Crisis Saps FDIC Insurance Fund
June 01, 2023  |  Banking

The recent banking crisis has strained the U.S. government’s deposit insurance fund. That’s according to data released by the Federal Deposit Insurance Corp. (FDIC) Wednesday...

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More Consumers Chose Instant Payout Options for Insurance Disbursements in 2022
More Consumers Chose Instant Payout Options for Insurance Disbursements in 2022
May 31, 2023  |  Disbursements

While 2022 was something of a banner year in that $1.37 trillion in insurance claim payouts were sent, and $277 billion — or 20% —...

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Gainbridge to Launch B2B Insurance-as-a-Service Platform for FinTechs
Gainbridge to Launch B2B Insurance-as-a-Service Platform for FinTechs
May 26, 2023  |  Insurance

Gainbridge Insurance Agency will launch a B2B insurance-as-a-service platform for FinTechs later this year. The platform will offer turnkey savings and retirement solutions for FinTechs’...

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Teradata and FICO Partner to Develop AI-Powered Decision Management Solutions
Teradata and FICO Partner to Develop AI-Powered Decision Management Solutions
May 18, 2023  |  Partnerships

Teradata and FICO have partnered to develop artificial intelligence (AI)-powered decision management solutions. The first solutions created by this partnership will focus on real-time payments...

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Berlin-Based InsurTech wefox Raises $110 Million to Build International Business
Berlin-Based InsurTech wefox Raises $110 Million to Build International Business
May 17, 2023  |  Insurance

Berlin-based InsurTech wefox has raised $110 million to further strengthen its insurance and distribution business. That total includes $55 million in a revolving credit facility from J.P....

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Obie Raises $26 Million for Real Estate-Focused Embedded Insurance Solutions
Obie Raises $26 Million for Real Estate-Focused Embedded Insurance Solutions
May 17, 2023  |  Insurance

Obie has raised $26 million in Series B funding to expand its embedded insurance offering for real estate investors. The firm will use the new funding...

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