Risk
New EU Data Protection Law May Lead to Diminished Underwriting Quality: A.M. Best
Complying with the European Union's new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gather—something that could diminish underwriting ...
American Drivers Increasingly Fearful of Self-Driving Vehicles: AAA Study
Three-quarters (73 percent) of American drivers now say they would be too afraid to ride in a fully self-driving vehicle, up significantly from 63 percent in late 2017. Additionally, 63 percent of ...
Ex-Uber Engineer Sues, Alleging Sexual Harassment and Retaliation Over Claims
A former software engineer at Uber Technologies Inc filed a lawsuit on Monday against the ride-hailing service on Monday, claiming she was subjected to years of sexual harassment there and subjected ...
Root Plans Bigger Columbus, Ohio HQ, Plus Many New Hires to Fuel National Expansion
Root disclosed plans to grow its workforce over the next three years by about 500 percent and also move to a new, significantly expanded headquarters in Columbus, Ohio. The auto insurance startup, ...
Europe’s Fledgling Cyber Insurance Market Stands to Gain From New Privacy Rules
Data privacy rules coming into force this week are giving Europe's fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. ...
Smaller Firms Opting Out of Otherwise Soaring Cyber Insurance Market: A.M. Best
The U.S. cyber insurance market grew significantly in 2017, with direct premiums written hitting $1.8 billion, up 32 percent from the previous year, according to an A.M. Best special report. ...
AmTrust’s Proposed Privatization Attracts Another Opponent: Shareholder Arca Capital
The Prague-based investment firm Arca Capital said it plans to work with activist investor Carl Icahn and other minority shareholders to prevent a proposed privatization of AmTrust Financial Services ...
Companies Win Out in SCOTUS Class-Action Ruling
The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements ...