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Startups Insurance Industry

Foley & Lardner LLP

Navigating the AI Frontier: Legal and Operational Insights Into Generative AI

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In our ever-changing technological environment, artificial intelligence (AI) is beginning to exert its influence on numerous sectors, revolutionizing our approach to work. As businesses and organizations worldwide adopt...more

McGlinchey Stafford

Navigating the Complexities of Cannabis Insurance

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The cannabis industry, just like any other industry, requires insurance coverage. Insurance is often required for plant-touching businesses such as growers, processors, and dispensaries and is well-advised for ancillary...more

Foley & Lardner LLP

Federal Advisory Committee on Insurance (“FACI”) June Meeting: FIO to Continue Focus on Macroprudential Issues

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On June 1, 2023, the Federal Advisory Committee on Insurance (“FACI”) held its June meeting. Below is a summary of the topics discussed with emphasis on areas we found particularly interesting. FACI intends to hold two more...more

McDermott Will & Emery

[Event] InsurTech Summit 2023 - June 15th, New York, NY

As a leader in insurance innovation, we are excited to invite you to join us for McDermott’s second annual InsurTech Summit 2023, a curated half-day program featuring top insurance-focused venture capital investors, start-up...more

Goodwin

Regulators Continue to Scrutinize Private Equity Investments in Insurance

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As innovative technologies continue to transform the insurance industry, private equity firms and venture capital funds continue to invest in promising insurtech startups and other licensed insurance entities. However, while...more

Foley & Lardner LLP

Your Business Needs Insurance

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Many startups perceive insurance as a luxury, shelving it until they are further along in the company's lifecycle. However, any business serious about sustainable growth should not postpone this decision. There is always...more

Bradley Arant Boult Cummings LLP

A Fintech Leader’s Thoughts on the North Carolina Regulatory Sandbox Act

As part of Bradley’s continuing coverage of the North Carolina Sandbox Act, we wanted to know what community members and NC fintech aficionados thought about this proposed legislation. We posed six questions to Tariq Bokhari,...more

Goodwin

Fintech 2020: A Global Survey on the State of Financial Technology

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Letter from Our Co-Chairs - As the digital transformation of financial markets accelerates at breakneck speeds, fintech presents significant opportunities and challenges for both investors and innovators around the world. ...more

Robins Kaplan LLP

Financial Daily Dose 11.21.2019 | Top Story: UAW President Resigns After GM Accuses Fiat Chrysler of Bribery

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More than a bit of drama in the auto world yesterday, with General Motors suing rival Fiat Chrysler, accusing it of “bribing United Auto Workers officials to gain competitive advantages in contract negotiations.”  The UAW’s...more

Locke Lord LLP

Hartford InsurTech Hub Chooses 11 New Startups

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On November 13, 2019, Hartford InsurTech Hub, powered by Startupbootcamp, concluded their Selection Days where investors, partners and mentors met with 21 promising startups. During the Selection Days, each startup had an...more

Womble Bond Dickinson

Insuretech and Beyond – An Evolving Litigation Landscape Association of Life Insurance Counsel Annual Meeting May 2019

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In recent years, the life insurance industry has greatly enhanced the speed and efficiency of its underwriting decisions. This change in the underwriting process is due in large part to the use of new technology in data...more

Akin Gump Strauss Hauer & Feld LLP

DFS Issues Guidance to Life Insurers on Use of “External Data” in Underwriting Decisions

On January 18, 2019, New York’s Department of Financial Services (DFS) issued Circular Letter No. 1 (2019) to advise life insurers regarding the type of data that they may use when underwriting policies. The guidance was...more

Akin Gump Strauss Hauer & Feld LLP

California Public Disclosure Rule May Mean Trouble for Insurtech

• Insurtech start-ups are using technology to improve the underwriting process and obtain a competitive advantage. • The CDI’s new legal opinion clarifies that even proprietary underwriting rules must be available to the...more

Akin Gump Strauss Hauer & Feld LLP

California Supreme Court Declines to Defer to Department of Insurance, Finds Self-Storage Protection Plan Not Regulated Insurance

• The California Supreme Court clarifies application of the “principal object and purpose” test, finding that a self-storage operator’s indemnification plans are not subject to regulation under the Insurance Code. •...more

Akin Gump Strauss Hauer & Feld LLP

Insurance Regulators and Startups Discuss Pitfalls and Engagement at InsureTech Connect 2017

• Recent shifts in insurance regulation are driven by consumer demand. • Traps for the unwary mean that insurtech startups should engage with regulators early and often. • Brokers need to know how to navigate the...more

Akin Gump Strauss Hauer & Feld LLP

Future of Insurtech: Opportunities and Challenges

The emerging insurance tech (“insurtech”) industry is growing at breakneck speed. While in 2011 insurtech startups received $140 million in funding from 28 total deals, investment increased more than tenfold in 2016, with...more

Mintz - Privacy & Cybersecurity Viewpoints

Five Questions for Investors in Insurtech

Decisions you make when founding and/or investing in an insurtech venture can dictate your regulatory obligations, tax liability, operational structure and, ultimately, profitability. Here are five seemingly simple...more

Mintz

How Insurtechs Maximize Profits and Competitive Advantage

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The potential to disrupt the historic insurance industry model has made insurtech one of the hottest new areas of innovation and investment, with entrepreneurs developing technologies at a breakneck pace and venture capital...more

Mintz

NAIC Insurance Summit 2017: Innovation and Disruption Are Top of Mind for State Regulators

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From May 22-26 Mintz Levin participated in the annual NAIC Insurance Summit in Kansas City. A main theme of this year’s Summit was technology and innovation. The Summit was remarkable in that it served as a meeting grounds...more

Mintz

Insurtech: 5 Questions, More Profit

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Decisions you make when founding and/or investing in an insurtech venture can dictate your regulatory obligations, tax liability, operational structure and, ultimately, profitability. Here are five seemingly simple questions...more

Cooley LLP

Blog: Insurance for Your Startup: Is It Worth It?

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As your company grows, you should start thinking about insurance as a way in which to protect your business. Types of Insurance - Buying insurance is an up-front cost. Whether it is worth it is a balancing exercise,...more

Orrick, Herrington & Sutcliffe LLP

Policyholder Observer

Encryption Flaw "Heartbleed" Creates Data Risk: How Insurance Can Stanch the Bleeding - In early April, news broke of an encryption flaw named “Heartbleed” that exposed companies to data breaches for over two and one...more

McNees Wallace & Nurick LLC

It's Your Business News -- August 2013

In This Issue: Making the ‘Right’ Choice; Top Ten Mistakes Businesses Make Regarding Insurance; and You’ve Got the Job, Details Will Follow. Excerpt from Making the ‘Right’ Choice - You have the idea, you...more

Troutman Pepper

New Tax Credit Program To Boost Technology Investment In Pennsylvania

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Pennsylvania recently enacted the “Innovate in PA Tax Credit” program, which incentivizes early-stage venture capital investment in technology companies by selling deferred tax credits to insurance companies. ...more

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