Insurtech

In other news: Betterview partners with Near Space Laps and CCC introduces new AI photo analysis.

A committee of Vesttoo creditors said the company is "viewed as the Madoff of insurance" and that its remaining cash should be preserved so it can pursue potential litigation against former corporate insiders and other parties involved in the alleged fraud, according to a court filing Sunday.

Spot cargo trucking insurance start-up adds partnerships, expanding its distribution and embedding in the markets where truckers book their freight assignments.

Strategy executive Michael Mahaffey spoke about how the insurer's digital transformation is an ongoing effort, and the accelerated evolution of technology he sees.

AIG has pulled away from writing some business in California, while other insurers have taken similar steps in that state as well as in Florida.

Insurtech founded in 2018 uses AI to evaluate small businesses' risk, making it possible for them to get coverage from top carriers.

Mind Foundry has raised $22 million in funding, the latest sign of growing demand to deploy AI.

A representative for Bolttech declined to comment.

How does mentorship yield dividends for leading a major carrier's technology efforts?

As technology advances, risk assessment becomes increasingly complex and requires more advanced techniques.