A data breach at insurance firm Lemonade left the details of thousands of drivers’ licenses exposed for 17 months. According to the company, on March 14 2025 Lemonade learnt that a vulnerability in its online car insurance application process contained a vulnerability that was likely to have exposed “certain driver’s license numbers for identifiable individuals.”…
Category: insurance
AI, car insurance, Fintech, Fundraising, Global Security News, insurance, insurtech, oninimo, Wefox, zurich
AI insurtech Ominimo bags its first investment at a $220M valuation
How do you get talented engineers to work for a startup in a mundane field at a time when more exciting companies are paying well and hiring aggressively? Here’s an answer from one insurance startup out of Poland called Ominimo: make pay competitive, but more importantly, give those engineers the license to apply their talent…
Climate, Global IT News, Global Security News, insurance, insurtech, Wildfire
Arizona proposes law that would shift wildfire liability from utilities to insurers
Arizona lawmakers are debating a bill that would protect utilities from wildfire-related lawsuits, a move that would likely send shockwaves through the insurance industry. The bill would make it harder to prove that utilities are to blame for wildfires started by faulty or poorly maintained equipment while also limiting damages. In exchange for reduced liability,…
Cybersecurity, Data Breaches, Global Security News, Government, insurance, New York, New York Attorney General, New York DFS, Policy, privacy, Technology
New York sues Allstate and subsidiaries for back-to-back data breaches
Allstate and several of the insurance company’s subsidiaries were accused of poor security practices resulting in data breaches in 2020 and 2021 that exposed sensitive data on nearly 200,000 people, the New York State Attorney General office said in a lawsuit filed Monday. National General, an insurance company Allstate acquired for $4 billion in 2021,…
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Insurance co’s stand to lose billions from disasters like the LA fires; Comulate raises $20M to build tech to help them work more smoothly
Unimaginable disasters like the fires in Los Angeles with their hundreds of billions of dollars in destruction put a huge focus on the role the insurance industry plays in the process of rebuilding. Those events will also lead to major financial losses at the insurance companies themselves. And longer term, all of this will put…
Alan, Fintech, Global IT News, Global Security News, insurance, insurtech, Startups
Health insurance startup Alan keeps growing at a rapid pace
With its 700,000 customers, Alan could be considered as a mature company. But the health insurance company that wants to become a digital companion for your health is still growing like a startup. On Wednesday, the company shared some financial metrics. The most impressive one is its top-line revenue. In 2024, the company generated €505…
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Allstate Violates Drivers’ Privacy, Texas AG Alleges
Don’t Mess With Texas Privacy: “We will hold all these companies accountable,” rants state attorney general Ken Paxton (pictured). The post Allstate Violates Drivers’ Privacy, Texas AG Alleges appeared first on Security Boulevard.
acquisition, AI, cape analytics, Fintech, Fundraising, geospatial, Global IT News, Global Security News, insurance, Moody’s, Startups
Moody’s agrees to acquire Cape Analytics, which develops geospatial AI for insurance providers
Financial services firm Moody’s announced on Monday that it has agreed to acquire Cape Analytics, a geospatial AI startup, for an undisclosed sum. The deal, which is expected to close in Q1, subject to customary closing conditions, will give Moody’s access to Cape’s geospatial AI analytics technology for insurance underwriting. With the tech, Moody’s plans…