Markets
CEO Zyskind’s Family Injects $300M into AmTrust
AmTrust Financial Services Inc., a provider of specialty property and casualty insurance including workers compensation, surged in New York trading after members of the chief executive officer's ...
Munich Re, Aviva Ventures Invest in UK Connected Home InsurTech Neos
Neos, a UK connected home insurer, announced last week that it has secured a £5 million (roughly $6.4 million) series A investment led by Aviva Ventures together with strategic partner Munich Re. ...
Cyber Insurance Market Growth Slower Than Expected, Allianz Exec Says
The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz's board said in an interview last week. The European market for cyber insurance ...
Chipotle Hackers Hit Most Restaurants, Stole Customer Payment Info
Hackers used malware to steal customer payment data from most of Chipotle Mexican Grill Inc.'s restaurants over a span of three weeks, the company said on Friday, adding to woes at the chain whose ...
A Reassuring Message About the Transition to Driverless Cars
The advance of driverless cars and the prospect that they will disrupt property/casualty insurance and change the way autos are insured has created plenty of industry anxiety. Even before that point, ...
House National Flood Insurance Program Revamp Calls for 5-Year Renewal
A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years beyond its September 30 expiration date. The ...
Eastern European Nations Push for Soft Brexit Deal
Eastern members of the European Union are pushing for a soft separation with Britain, hoping that this would protect the rights of millions of east Europeans living and working there. Top policy ...
Allstate Boosting Its Sales Force in Washington, Oregon
Allstate Insurance Co. is boosting its sales force in Washington and Oregon to keep pace with growing consumer demand for insurance and financial products and services in those states. Allstate is ...