Category: Technology

Agents and professionals are advised to keep up with technology – this will be sure to help with running an agency or brokerage. Learn what company is coming out with the latest claims program or risk mitigation software.

Why SMEs Should Not Skimp on Cyber Liability Insurance Investment

Guest Author
cyber liaiblity insurance for small business owners

Running a small or midsize enterprise (SME) is not a mean feat despite the relatively smaller scale of operations. As a business owner, you may struggle with money and resource constraints more often than you imagine. Embracing a savvy mindset can keep your enterprise afloat, but cutting corners in some areas may cause more harm than good. Business insurance is an element most entrepreneurs consider an unnecessary burden, but it can be a lifesaver. While you may realize the significance of commercial liability coverage, cyber liability insurance might not be…

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Florida insurance agents know they offer more than AI

Nordstrom
Insurance agents - Robots as staff

Many of these professionals aren’t feeling threatened by artificial intelligence technology. In California, insurance agents have been voicing their concerns over the potential threat artificial intelligence (AI) could have to their jobs. However, in Florida, these professionals seem to feel far more confident that they can offer a great deal that AI cannot. Florida’s property insurance industry has been struggling for several years due to rising risks and costs. “Things are getting better. They are,” said Great Florida Insurance owner Gordon Gillespie, who was among the hundreds of agents at…

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What is your dashcam doing to your auto insurance?

Nordstrom
Auto insurance - Dashcam in Car

Dashboard-mounted cameras are becoming increasingly popular, but will they impact your rates? Have you ever wondered about what impact your dashcam could have on your auto insurance premiums, particularly in the event of a collision? This technology is no longer exclusive to law enforcement and commercial transportation. Dashcams were once a technology used nearly exclusively by law enforcement, and then later in some commercial vehicles such as transport trucks, in order to help provide evidence in the event of a collision or other issue. Now, they are commonplace in passenger…

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The Main Benefits Of Sage 50 For Insurance Companies

Guest Author
sage 50 insurance accounting software

The right accounting software for insurance companies should make it possible for users to focus on their core business, without being held back by any sort of accounting issues. Looking for a solution that caters to the unique needs of insurance companies is much better than going with general accounting software.  With that in mind, Sage 50 is a great accounting solution for insurance companies due to a number of important reasons. Continue reading below to find out more about the main advantages of this accounting solution for insurance companies. …

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Dental insurance ransomware hack exposes 9 million patient accounts

Logan B.
Dental insurance - Form on phone

Managed Care of North America Dental provides government-sponsored plans for children and seniors. One of the largest dental insurance providers in the United States has suffered an apparent ransomware attack, compromising the personal information of nearly nine million people in the country. The insurer posted a notice saying that it had become aware of unauthorized activity on its computer system. Managed Care of North America (MCNA) Dental calls itself the largest dental insurer in the US for government-sponsored plans providing coverage for seniors and children. It recently posted a notice…

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2 health insurance companies say cyberattack compromised customer data

H. Cutner
Health insurance companies - Cyberattack - Digital security

The insurers say that they experienced a data breach and customer information was compromised. Two major health insurance companies in Massachusetts and New Hampshire are alerting their customers that they experienced a cyberattack in the form of ransomware in March and April, at which time some of their members’ personal information was compromised. The corporate parent of the insurers has confirmed that the threat impacted customer personal data. The corporate parent of Tufts Health Plan and Harvard Pilgrim Health Care health insurance companies, Point32Health, has announced that the threat impacted…

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Massive Wefox insurtech company gets $110M backing from JPMorgan and Barclays

H. Cutner
Insurtech company - Hands exchanging money

The German firm has announced that it has raised fresh funding from huge financial backers. Wefox, an insurtech company from Germany, has announced that it recently raised $110 million in new funding from big-name backers that included Barclays and JPMorgan. This reveals a notable confidence boost in the rapidly growing insurance technology sector. The insurtech company is based in Berlin and has a primary focus on personal insurance products such as auto, home, and personal liability policies. Instead of underwriting claims, the firm links users with brokers and partner insurers…

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