Risk
Europol Has Arrested Five Hackers Linked to Ransomware Gang REvil Since February
Five hackers linked to ransomware group REvil and responsible for thousands of cyberattacks have been arrested since February, European Union's law enforcement agency Europol said on Monday. The ...
InsurTech Lemonade Will Acquire Metromile in Acceleration of Auto Insurance Growth Plans
Digital insurer Lemonade plans to acquire pay-per-mile auto insurance startup Metromile in an all-stock transaction as it aggressively continues expansion plans. With the M&A agreement, the New ...
U.S. Welcomes First International Travelers as COVID-19 Travel Curbs Are Lifted
Packed intercontinental flights touched down and people embraced relatives at land borders on Monday after the United States lifted restrictions imposed on travelers from much of the world when the ...
U.S. Commercial Auto Stymied by Challenges at the Cusp of Profitability: AM Best
U.S. commercial auto insurers may be generating the best underwriting results for the sector in years, but the sector remains unprofitable as a whole as it confronts a number of emerging trends, ...
Allianz Will Help Back $577M Public-Private Climate Fund
GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and ...
Facebook Warned It Faces Criminal Prosecution in UK for Failing to Keep Users Safe
UK Culture Secretary Nadine Dorries warned Facebook Inc. and its chiefs are on course for criminal prosecution for failing to reign in the harmful effects of its platform. "Why would we give them two ...
AXA Fund Arm to Ditch Oil and Gas Companies if Emissions-Reduction Plans Fall Short
The fund arm of French insurer AXA said on Monday it would take a tougher line with oil and gas companies over their environmental impact, selling out of laggards after three years if their ...
Berkshire Hathaway’s Insurance Division Generated a $784 Million Q3 Net Underwriting Loss
Berkshire Hathaway's insurance division booked a combined $784 million net underwriting loss during the 2020 third quarter as it faced, in part, fallout from Hurricane Ida and more vehicle crashes. ...