Risk
Cyber Risk Ranks High Among Businesses, but Many Still Feel Resilient: Beazley
After a legion of well publicized cyber attacks, it's no surprise that a large minority of businesses now see technology as a top risk for their company. At the same time, they also see themselves as ...
Advanced Driver Safety Systems Face Increased U.S. Regulatory Scrutiny
U.S. regulators on Tuesday said they would keep a closer eye on the automotive industry as it rolls out advanced driver safety systems, tracking the new technologies to spot potential defects faster. ...
Fireworks Pollution Is Real—and Could Have Health Impacts
Fireworks are synonymous in the United States with the celebration of Independence Day and other special events, but the colorful displays have caused a growing risk to public safety in recent years, ...
Bolttech Raises $180M to Supercharge Insurance Company Matchmaker Platform
Insurance tech startup bolttech on Thursday said it raised $180 million in a funding round, led by private investment firm Activant Capital Group, that valued it at more than $1 billion. The New York ...
Global Cyber Reinsurance Rates Skyrocketed 40 Percent for July Renewals: Willis Re
Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said on Thursday, as ransomware attacks increase in number and severity. A ransomware ...
GIS 2021: The Next Big Cyber Target Is Insurers Themselves
As "the next digital pandemic," cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert. With "a lack of controls at [an] insurer, [you] could have ...
Praedicat, AIR Worldwide Announce Updates
In separate announcements, InsurTech Praedicat and Verisk's catastrophe modeling firm AIR Worldwide and unveiled changes to key products recently. Praedicat updated the litigation tracker in its ...
Gas Station Files Class Action Against Colonial Pipeline After Cyber Attack
Colonial Pipeline Co. was sued by a gas station seeking to represent thousands more over the ransomware attack in May that paralyzed the U.S. East Coast's flow of gasoline, diesel and jet fuel. EZ ...