Risk
Massachusetts-Based Cybersecurity Company Raises $200M to Fuel Global Expansion
Antivirus startup Cybereason said on Tuesday it raised $200 million in investment from Japan's SoftBank Group Corp, doubling the total investments raised by the company so far to about $400 million. ...
Stalled Self-Driving Car Legislation May Still Have Some Life
Two key committees in the U.S. Congress on Tuesday said they will revive efforts to pass long-stalled legislation to speed the adoption of self-driving cars. The House Energy and Commerce Committee ...
Argo Group’s Net Income Drops and Combined Ratio Climbs
Argo Group International Holdings Ltd. reported a drop in net income and a spike in its Q2 2019 combined ratio, due to overseas and higher catastrophe losses. At the same time, rate increases helped ...
GEICO, Following Progressive and Others, Adds Telematics to Track Driver Behavior
Berkshire Hathaway's GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. Berkshire Hathaway's GEICO has been one of ...
AI and Bionic Eyes Poised to Be the Latest Wildfire Risk Reduction Tools
On a tower in the Brazilian rain forest, a sentinel scans the horizon for the first signs of fire. Only these eyes aren't human. They don't blink or take breaks, and guided by artificial intelligence ...
No-Deal Brexit Will Be Unstoppable: Johnson’s Top Aide
Lawmakers will be unable to stop a no-deal Brexit on Oct. 31 by bringing down Britain's government in a vote of no confidence next month, Prime Minister Boris Johnson's top aide has advised, ...
Higher Claims Dampen Berkshire Hathaway’s Insurance Underwriting Profit
Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, a slowing economy and trade woes weighed on the ...
The Hartford Sees Drop in Net Income After Absorbing Navigators Acquisition Costs
The Hartford saw its net income plunge and its commercial lines combined ratio spike during the 2019 second quarter, due in part to costs associated with its $2.1 billion acquisition of specialty ...