Risk
Faced With Brexit, European Banks Trim Exposure to UK Assets
European banks pared their exposure to Britain in the aftermath of its vote to quit the European Union, slashing their U.K. assets by $425 billion in the span of a year. The decline was driven by a ...
Chubb Takes Deeper China Dive Through Multiyear Partnership Agreement
Chubb signed a 10-year strategic cooperation deal with a Chinese insurer that lets it take a deeper dive into China's market. The agreement is with PICC Property & Casualty Company of China., and ...
ClimaCell, a Weather Prediction Tech Startup, Raises $15M Series A
ClimaCell, a Boston-based weather technology startup, has raised $15 million in Series A venture funding. The company provides high-definition weather forecasting tools to businesses and governments, ...
Highway Disruption: The Promise and Perils of Autonomous Vehicles for Insurers
It's becoming clear that our highways to the future will be paved as much with technology as with asphalt. And if we believe some auto makers, self-driving vehicles hold potential to unravel traffic ...
For Over a Year, Uber Concealed Cyber Attack That Exposed 57 Million People’s Data
Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing company ...
Hundreds of Las Vegas Shooting Victims File Lawsuits
Hundreds of victims of the Oct. 1 mass shooting in Las Vegas filed five lawsuits on Monday in a California court against the operators of the hotel from which the gunman fired, the organizers of the ...
Sompo International Expands, Addresses Brexit Worries With New EU HQ
Sompo International Holdings Ltd. plans a European expansion with a new headquarters on the continent, a move that also addresses uncertainty over the Brexit process. The Bermuda-based insurer and ...
21st Century Fox Reaches $90M Settlement in Sexual Harassment Shareholder Claims
Twenty-First Century Fox Inc has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief ...