Markets
Chubb Wrote the Most U.S Cyber Business in 2020; Sector Grew Nearly 30%: NAIC
The cyber insurance market in the U.S. grew to roughly $4.1 billion in direct written premiums in 2020, an increase of 29.1% from the prior year, reports the National Association of Insurance ...
Amazon Reportedly Trying to Settle Two EU Antitrust Investigations
Amazon is seeking to settle two EU antitrust investigations to stave off potential hefty fines and orders to change its business practices, people familiar with the matter said. The European ...
Europol Has Arrested Five Hackers Linked to Ransomware Gang REvil Since February
Five hackers linked to ransomware group REvil and responsible for thousands of cyberattacks have been arrested since February, European Union's law enforcement agency Europol said on Monday. The ...
InsurTech Lemonade Will Acquire Metromile in Acceleration of Auto Insurance Growth Plans
Digital insurer Lemonade plans to acquire pay-per-mile auto insurance startup Metromile in an all-stock transaction as it aggressively continues expansion plans. With the M&A agreement, the New ...
U.S. Welcomes First International Travelers as COVID-19 Travel Curbs Are Lifted
Packed intercontinental flights touched down and people embraced relatives at land borders on Monday after the United States lifted restrictions imposed on travelers from much of the world when the ...
U.S. Commercial Auto Stymied by Challenges at the Cusp of Profitability: AM Best
U.S. commercial auto insurers may be generating the best underwriting results for the sector in years, but the sector remains unprofitable as a whole as it confronts a number of emerging trends, ...
Allianz Will Help Back $577M Public-Private Climate Fund
GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and ...
Facebook Warned It Faces Criminal Prosecution in UK for Failing to Keep Users Safe
UK Culture Secretary Nadine Dorries warned Facebook Inc. and its chiefs are on course for criminal prosecution for failing to reign in the harmful effects of its platform. "Why would we give them two ...