Industry News
Sayata Labs Raises $6.5M for Cyber Risk Assessment Product; AXA Is Early Partner
Sayata Labs has nailed down $6.5 million in seed funding to pursue development of its cyber risk assessment product designed for insurers to use with small and medium-sized businesses. The Tel ...
Ransomware Demands Soar Along With Cyber Claim Costs: NAS Report
Cybercrime claims by policyholders outside the healthcare sector nearly doubled in 2018, led by financial fraud, often phishing schemes that lead to payments or wire transfers to criminals posing as ...
In North America, the World Cup is in full swing. With it, we can draw lessons from AI and contextual...
Lloyd’s Comes Up With ‘Robust Plan of Action’ to Address Sexual Harassment Reports
Lloyd's is releasing "a robust plan of action to address reports of sexual harassment in the Lloyd's market and create a safe and inclusive working environment." The plan includes possible lifetime ...
Hamilton Hires Barrett, Garber to Fill New Leadership Slots; O’Donohoe Departs
Hamilton Insurance Group, moving full-speed ahead with its growth strategy, is hiring on two executives in newly created roles, and a third leader is leaving the company. The Bermuda-based insurance ...
Federal Judges Cracking Down on Cozy Class Action Deals
Federal judges in California are cracking down on warped incentives in class-action lawsuits, exerting tighter oversight of settlements that provide hefty fees for plaintiff lawyers but no meaningful ...
House Committee Considers NFIP Reauthorization, Plus 3 Flood Insurance-Related Bills
A Congressional House committee pursuing reauthorization of the National Flood Insurance Program is also considering a number of related legislative proposals beyond the NFIP's renewal. In all, four ...
Activist Fund Pursues Removal of SCOR CEO as Chairman Over Thwarted Takeover Attempt
French activist fund CIAM will ask reinsurance company SCOR's CEO Denis Kessler to surrender the chairmanship of the company's board after he thwarted a takeover attempt earlier this year. CIAM, ...
Executives on the Move at Willis Re, NJM, Metromile and Betterview
NJM Insurance Group named a new CFO. A former Uber-engineering executive joined the Metromile team. The former leader data scientist of Farmers is now at Betterview. Willis Re has a new head of ...