Industry News
Chubb Is Now the U.S. Open’s Official Insurance Sponsor
The U.S. Tennis Association announced that insurance carrier Chubb has become the official insurance sponsor of the U.S. Open under a multi-year agreement that begins immediately. Chubb's branding ...
Chinese InsurTech Waterdrop Raises $230M From Swiss Re, Others; U.S. IPO Planned
Chinese online insurance technology platform Waterdrop Inc has raised $230 million in a new funding round led by reinsurer Swiss Re and Chinese internet giant Tencent Holdings, it said on Thursday. ...
State Auto Plans Broad Rollout of Agent Platform Developed With Amazon
State Automobile Mutual Insurance Company is planning a national rollout of a platform designed with Amazon to help independent insurance agents better serve the insurer's policyholders. A beta ...
Aon’s New Division Will Tap Additional Sources of Capital for Reinsurance
Global broker Aon has formed a new team in its Reinsurance Solutions business that will focus on building global investor relationships in order to identify additional sources of capacity to clients. ...
Carnival Discloses Ransomware Attack That Accessed Guest, Employee Data
Cruise operator Carnival Corp said on Monday it launched an investigation into a ransomware attack on one of its brand's information technology systems. Carnival, which operates AIDA, Carnival and ...
Three Years After NotPetya, Cyber Lessons Continue for the Insurance Industry
This summer marks three years since the NotPetya malware attack, which has been called the most devastating cyber attack in history. While cyber experts say cybersecurity and prevention strategies ...
Businesses and Insurers Face Survival Showdowns From Africa to America
W ynand du Toit's safari camp in South Africa's Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his insurer rejected his COVID-19 ...
Researchers Worry That ‘Whiteness’ of AI Erases People of Color: Risk Alerts
Researchers from the University of Cambridge are worried that the "overwhelming whiteness" of artificial intelligence may remove people of color from humanity's vision of the future. Teens and young ...