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.

Most Small Insurers Set 12-Month Plan to Implement Real-Time Payments
Most Small Insurers Set 12-Month Plan to Implement Real-Time Payments
December 17, 2024  |  Insurance

The insurance industry has faced challenges in implementing real-time payouts due to high costs and transparency issues, despite the potential benefits for insurers and customers,...

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Uber Says NYC’s Proposed Requirements Would Leave Drivers Without Insurance
Uber Says NYC’s Proposed Requirements Would Leave Drivers Without Insurance
December 11, 2024  |  Gig Economy

Uber reportedly told New York City’s taxi regulator that proposed changes to commercial auto insurance requirements may leave drivers unable to insure their vehicles. The...

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Geico and Travelers Fined $11.3 Million for NY Data Breaches 
Geico and Travelers Fined $11.3 Million for NY Data Breaches 
November 25, 2024  |  News

New York state has penalized two auto insurance giants for failing to secure customer data. Geico and Travelers will pay a combined $11.3 million in...

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US Bank and One Inc Team to Accelerate Instant Insurance Payments
US Bank and One Inc Team to Accelerate Instant Insurance Payments
November 21, 2024  |  Partnerships

Insurance industry payments network One Inc has launched a partnership with U.S. Bank. The collaboration, announced Thursday (Nov. 21), integrates U.S. Bank’s money movement and banking...

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LendingTree and Coverdash Team to Insure Small Businesses
LendingTree and Coverdash Team to Insure Small Businesses
November 20, 2024  |  Insurance

LendingTree has teamed with Coverdash to offer insurance coverage to its small business and startup customers. The collaboration, announced Wednesday (Nov. 20), expands LendingTree’s financial product suite to allow small...

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MoneyLion CEO: Checkout Extends Our Evolution From Neobank to Financial Services Marketplace
MoneyLion CEO: Checkout Extends Our Evolution From Neobank to Financial Services Marketplace
November 14, 2024  |  Payments Innovation

Call it a financial services ecosystem or even a financial services marketplace. But don’t call MoneyLion a neobank. As CEO Dee Choubey told Karen Webster...

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Innovation Powers Disaster Recovery as Insurers Move Claims and Payout Digital
Innovation Powers Disaster Recovery as Insurers Move Claims and Payout Digital
November 13, 2024  |  Insurance

Innovation is born in times of struggle. And in the aftermath of Hurricanes Helene and Milton, with insurers across the southeastern United States seeing a...

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Job Openings Drop to Lowest Level Since Early 2021
Job Openings Drop to Lowest Level Since Early 2021
October 29, 2024  |  Economy

The number of job openings in the United States declined to 7.4 million in September, down from 7.9 million in August and 9.3 million in...

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Insured Unemployment Reaches Highest Level in 3 Years
Insured Unemployment Reaches Highest Level in 3 Years
October 24, 2024  |  Economy

The number of initial claims for unemployment insurance dropped, but insured unemployment reached its highest level in about three years, the Department of Labor said...

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