Pay-per-mile auto insurance start-up Metromile announced earlier this week that it had secured $90 million in a round of funding led by insurance industry titans Tokio Marine Holdings and Intact Financial.

After buying home insurance from Liberty Mutual more than 35 years ago, Bob St. Clair received a letter stating that because his house in the Whispering Pines neighborhood of Scotts Valley was facing increased risk of wildfire and difficulty of access by emergency vehicles, Liberty Mutual was “choosing not to renew” his home insurance policy.

Aon has launched the latest edition of its “2018 Global Insurance Market Opportunities” studies, discussing blockchain and how the insurance industry can fully utilize it.

The National Safety Council reported a 14% increase in fatal auto accidents between 2014 and 2016, reaching the highest total since 2007. More accidents lead to more insurance claims, and thereby more payouts from insurers.

For most technologists, blockchain is the future. While this new technology can be confusing to the layman, it has the potential to disrupt much of what we know about the digital world.

The best plotlines in fiction are often based on reality, giving them a scary edge and chilling ring of truth. One such plotline was the subject of Showtime’s “Homeland” series: the fictional Vice President of the United States dies of a heart attack triggered by cyberattackers who hacked into his pacemaker.

Drones are no longer just cameras in the sky. They’re autonomous, artificially intelligent flying machines with the ability to capture sharp resolution of an asset and use machine learning to process data through analytical models. But all of that potential is constantly challenged by regulation.

Across industries, digital transformation and cloud migration are forces to be reckoned with. Insurance is no exception. As an industry accustomed to operating on legacy technology, insurers should approach the cloud migration process judiciously.

Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson. “It’s going to rip through this economy like a tsunami,” Wilson said Thursday in an interview on Bloomberg TV from Aspen, Colorado.

Leaders in the insurance industry, like many other industry executives, are seeking routes to profitable growth amid unprecedented economic, financial and regulatory change.

Insurance tech company Think Geohazards has released an enhanced version of its flood risk estimation tool to allow flood insurance carriers and government agencies to more precisely project flood loss in any given area.

From bogus claims to shady brokers, insurance fraud costs companies and their customers more than $40 billion a year, the FBI estimates. And that’s excluding medical insurance fraud, which is estimated by industry groups to cost tens of billions more.

Across the insurance industry, claims organizations have made significant progress in modernizing their core processing systems in the last several years.

Independent adjusting company ClaimsPro announced this week that it has prepared a dedicated adjuster team for the cannabis industry, just as Canada moves to legalize marijuana in October.

Insurance is a multitrillion-dollar industry, but the workflow in brokering trust, insuring parties and reinsuring risk items today remains an expensive, slow and fraud-prone process.