Industry News
CNA Made a $40 Million Ransom Payment Following March Cyber Attack
CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack, according to people with knowledge ...
Executives On The Move at CNA, USAA and Markel
CNA appointed a new General Counsel. USAA hired on a new Chief Data and Analytics Officer. Markel Corporation promoted a rising executive to the position of Managing Director, Global Cyber ...
Pandemic Has Had ‘Profound Impact’ on Women in Insurance: Accenture
COVID-19 has had a "profound impact on the productivity and well-being" of women working at U.S. insurance companies, according to new research from Accenture. In March, as part of its "Women in FS" ...
Arity Telematics Tool Pitched as Helping Insurers Better Leverage Driving Behavior
Arity, an Allstate-founded mobility data and analytics startup, has launched a telematics tool designed to help insurers more efficiently leverage driving behavior for better pricing. The product – ...
Irish Patient Data Was Apparently Posted on Dark Web After Cyber Attack
Reports of Irish patient data posted online after a cyber attack on Ireland's health service appear to be accurate, a government minister said, as the fallout from the hack continues. A Financial ...
Aviva Will Shut Down Three UK Property Funds Hammered by Pandemic Market Uncertainty
Insurer Aviva said it will close three UK property funds in July that have been suspended since March last year due to market uncertainty as the pandemic hit Britain's economy. "During this period of ...
Companies Expose Clients to Harm by Not Modeling Longer-Term Risk Impacts: Marsh
Only 25 percent of companies are evaluating or modeling the longer-term impact of emerging risks on their business, leaving a cascading scenario that can also harm their customers, according to a new ...
Chubb, Arch, MassMutual Partner With Newly-Launched Digital Agency Waffle
The InsurTech Waffle has raised $5 million in seed funding, with plans to offer cyber, renters, pet, travel and life insurance in the initial launch of its new virtual agency platform. Auto and home ...