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 company submitted written comments ahead of the Taxi and Limousine Commission’s public hearing Wednesday (Dec. 11), Bloomberg reported Wednesday. The...
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 penalties “for having poor data security,” which allowed more than 120,000 New Yorkers’ information to be compromised, the New York...
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 capabilities with One Inc’s ClaimsPay and PremiumPay solutions for property and casualty (P&C) and life insurers. “In the future, the...
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 and medium-sized businesses (SMBs) access to Coverdash’s fully embedded insurance offering. “This partnership marks an important step in LendingTree’s evolution...
December 17, 2024
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, such as reduced delays and improved satisfaction. According to a PYMNTS Intelligence report, “Real Time Matters: The Imperative for Instant Disbursements for Insurance,” a collaboration with Ingo Payments, smaller insurers […]
November 14, 2024
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 days after posting third-quarter earnings...
November 13, 2024
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 massive surge in claims as...
September 26, 2024
Banks face a digital shift, pressures on deposits and competition for customer loyalty, so they must constantly fine-tune their operations, embracing new revenue streams and avenues of customer engagement. Insurance...
December 11, 2024
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 company submitted written comments ahead of the Taxi and Limousine Commission’s public hearing Wednesday (Dec. 11), Bloomberg reported Wednesday. The TLC’s proposed changes, which apply to rideshare cars as well […]
November 25, 2024
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 penalties “for having poor data...
November 21, 2024
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 capabilities with One Inc’s ClaimsPay...
November 20, 2024
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 and medium-sized businesses (SMBs) access...
