Live Insurance News

Veridion raises $6 million to finance their proprietary APIs’ to benefit insurance industry

February 24, 2023February 24, 2023 Angela Linders

Veridion aims to “deepen” AI comprehension within the business landscape. The new-age data vendor is making the most of the AI (artificial intelligence) revolution and has announced the $6 million round financing and launch of their proprietary, self-service “Match & Enrich APIs”. Specializing in Firmographic Data, Veridion has specifically trained their APIs (Application Programming Interfaces) to understand the global business landscape, providing their clients – a number of which are high-profile insurtechs and insurance carrier – with the ability to access reliable data on 80 million businesses around the world.…

Allstate reminds consumers of the importance of identity protection during the holidays

December 23, 2022December 21, 2022 G. Turner

Scammers are taking aim at consumers shopping at this time of year, as well as at student loan borrowers. At this time of year, identity protection products can be particularly helpful to consumers, said a recent news release from Allstate, cautioning consumers about criminals targeting holiday shoppers and federal student loan borrowers. About a tenth of Americans have been victims of scams having to do with federal student debt forgiveness. About two in five of the student loan scam victims are contacted a minimum of once per week, according to…

How Do I Report My GSA Schedule Sales?

December 15, 2022 Guest Author

Reporting GSA sales is an obligatory part of your GSA Schedule contract. Under the terms of your contract, to remain compliant with GSA regulations, you need to report GSA sales regularly, otherwise you put your contract at risk. So, how do you report sales? Let’s bring this into focus. Meet FAS Sales Reporting Portal As a GSA Multiple Award Schedule (MAS) contract holder you are obliged to report every GSA sale you make. From 2018, the Federal Acquisition Service has introduced a new way to do this: the FAS Sales…

State Farm will power Illinois corporate facilities with renewable energy

December 8, 2022December 7, 2022 Julie Campbell

The insurer has signed an agreement with Constellation to purchase the green electricity. Insurance company State Farm recently announced that they have signed a new agreement with one of the leading power and natural gas suppliers in the United States, Constellation, to power the Illinois corporate facilities with renewable energy. The energy strategy is a component of the insurance company’s broader decarbonization effort. State Farm has been making a number of environmental impact commitments lately, and this renewable energy agreement is among the latest steps it has taken. The agreement…

Spott launches new pay-as-you-sell ecommerce insurance model

November 15, 2022November 14, 2022 H. Cutner

The insurer has rolled out a novel premium calculating for online businesses to pay based on what they sell. Ecommerce insurance company Spott has announced the launch of a new Pay-As-You-Sell liability insurance model. The coverage lets digital businesses pay premiums based specifically on how much they sell. The design of this ecommerce insurance is such that an online company will pay liability coverage premiums based on how much they sell and will never have to pay higher than their original premium amount. As a result of this pricing model…