Live Insurance News

Gen Z’s Truth About Lying: A Tech Revolution in Insurance

May 16, 2024May 15, 2024 G. Turner

In an unexpected twist, the high rate of insurance application falsifications by Gen Z has become a catalyst for technological advancements within the insurance industry. NerdWallet’s 2024 Insurance Dishonesty Report reveals that 42 percent of Gen Z-ers have admitted to lying on insurance applications to secure better rates. This trend, while initially alarming, is driving significant innovation in how insurers handle data and assess risk. Generational and Gender Perspectives on Insurance Dishonesty Emerging trends highlight a generational and gender divide in attitudes towards insurance dishonesty. Men are generally more inclined…

Flow Specialty Emerges from Capitola Insurance Rebrand with New Leadership and Enhanced Capabilities

April 24, 2024April 24, 2024 Live Insurance News

Backed by Munich Re Ventures and Lightspeed Venture Partners, the newly rebranded Flow Specialty (formerly Capitola Insurance) sets a new standard in the specialty wholesale insurance market. Integrating human expertise with advanced artificial intelligence (AI), Flow Specialty offers faster quotes, transparent communication, and reduced costs, providing unmatched service and access to premier markets. Enhanced Offerings for a Dynamic Industry Flow Specialty tailors its solutions to meet the unique needs of retail agents and carriers with a focus on: Professional Liability Insurance: Broad access across various markets catering to companies with challenging renewal…

5 Reasons Small Businesses Should Migrate to the Cloud

November 17, 2023 Guest Author

We are living in a world of ones and zeros and as we move into a new dimension of digital connectivity, every business should be connected to the cloud. Storing your data on a secure remote server makes total sense, a lot safer than storing it on your office hard drives and with that in mind, here are a few compelling reasons to migrate your business data to the cloud. Bookkeeping & accounting – Once you have a secure cloud network, create a username and password for your accountant for…

Insurance industry would prefer data security to tech innovation

January 6, 2016January 5, 2016 Julie Campbell

home security cybersecurity insurance industry

Cybersecurity is already among the top trends in many markets but especially among insurers. As the year is launched with the announcement of all new forms of technology, such as those being demoed at the Consumer Electronics Show (CES), the insurance industry is hoping that a larger focus will be placed on cybersecurity and data security. A number of high profile data breaches occurred throughout 2015, including among large insurance companies. Following the data breaches of health insurers Anthem and Premera, the insurance industry was given the evidence it needed…

Insurance commissioners across the U.S. seek to combat the cyber attack threat

November 24, 2015November 22, 2015 Julie Campbell

Cyber Insurance policies commissioners industry

They are now working with American federal legislators to help to combat the evolving nature of data breaches. State insurance commissioners have announced that they will be working in partnership with federal legislators in order to try to improve defenses against the damage being caused by the rapid evolution of cyber threats. At the same time, these industry regulators aren’t seeking to adopt new national regulations or legislation over their own authority. The insurance commissioners do want to try to combat the increasing threat from cyber attacks and data breaches,…