Commercial Lines
Drones Pulled Into Play to Help Fight Wildfires in U.S. West
In a grassy meadow outside Missoula, Montana, Jennifer Fowler eyes two drones high in the sky with weather instruments -- part of a program to see how drones can help to fight and monitor wildfires. ...
Executives On The Move at One Concern, The Hartford, Players Health and Markel
A former Swiss Re Executive is taking on a leadership position at One Concern, an AI startup focused on building the global resilience market. The Hartford promoted a rising executive within its ...
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. ...
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 ...
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 ...