Markets
VW Discloses Vendor Data Breach Affected 3.3 Million People in North America
Volkswagen AG's U.S. unit said a data breach at a vendor impacted more than 3.3 million customers and prospective buyers in North America. Nearly all those impacted were current or potential ...
U.S. Insurers Slammed in May by Hail, Tornado, Wind and Floods
Many U.S. insurers face a multi-billion-dollar payout from May's convective storms, which spawned extensive hail, tornado, wind and flood damage across a series of separate events during the month, ...
USAA Will Snatch Up Noblr, a Digital Usage-Based Auto Insurer
USAA plans to snatch up Noblr, an InsurTech digital insurer offering usage-based auto insurance. The company declined to disclose its purchase price, though the deal is expected to close later in ...
Forgotten Your Passwords? They Soon May Be Lost Altogether – With Insurers’ Help
The most popular password in 2020 was exposed almost 24 million times and took less than a second to crack. While a shocking statistic, when you learn that the most popular password of 2020 was ...
We Can Work It Out: Negotiations Likely On COVID Reinsurance Losses
Catastrophe excess of loss reinsurance contracts "never anticipated an event like a pandemic" when written but cedents can still expect compromises from reinsurers, an industry executive said ...
Corvus Insurance CEO Edmundson on Pandemic Opportunities and Major Hiring Plans
Corvus Insurance already pulled in a $100 million Series C venture financing in March. Within two months, more money came through. In late May, the InsurTech startup raised another $15 million, from ...
Denmark’s Central Bank Warns Floods Threaten Country’s Financial System
Denmark's central bank warned rising waters pose a threat to the financial system as property used as collateral against bank loans may be worthless in coming years, amid increasing damage by climate ...
Partnerships – Embedded Services Edition: The Zebra/Cinch and Coalition/Intuit
Insurance comparison site The Zebra has partnered with Cinch Home Services to provide home services to P/C insurance policyholders nationwide. Coalition, a cyber insurance managing general agency and ...