Underwriting
Switzerland Lays Out Climate Risk Disclosure Timeline, Joining an Elite Group
The Swiss government on Wednesday joined a small number of rich countries that have set a timeline for major companies to disclose the risks they face from climate change. Global powers have been ...
TrustLayer Pulls in $15M to Fuel Expansion of Digital Insurance Verification Platform
TrustLayer nailed down more than $15 million in new venture financing. The Florida-based InsurTech, focused on digitizing the insurance verification process, plans to use the money for hiring, ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
HDVI, a Digital MGA Focused on Commercial Auto Cover, Raises $32.5M
High Definition Vehicle Insurance Group is planning new products and a national expansion, following $32.5 million in new venture funding. HDVI is an InsurTech MGA focused on commercial auto ...
Former Chubb Exec Kocsondy Joins Beazley in Cyber Leadership Role
A veteran Chubb executive is joining specialist insurer Beazley as its new Head of U.S. Cyber & Tech. Patricia Kocsondy was previously senior vice president, errors & omissions (E&O) and ...
Cyber Attack Claims Soar in 2020 for Smaller Organizations: Coalition
The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to the first half of 2021, according to a new report by cyber insurer Coalition. An ...
Pearson Will Pay $1M to Settle Charges It Misled Investors Over Cyber Attack
London-based Pearson PLC will pay $1 million to settle charges it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, the U.S. Securities and Exchange ...
Tesla Autopilot in 765,000 Vehicles Subject of Formal U.S. Safety Probe
U.S. auto safety regulators said Monday they had opened a formal safety probe into Tesla Inc's driver assistance system Autopilot after a series of crashes involving emergency vehicles. The National ...
Florida, Louisiana Stand Out as Super-High ‘Covicane’: PCS
A major hurricane that makes landfall in the southeastern United States will may also serve as a COVID-19 super-spreader that will slow recovery and increase costs, catastrophe modeler Property ...