Industry News
How to Use Big Data to Prevent Claims Instead of Paying Them
With policyholders carrying barometers disguised as smartphones in their pockets every day and telematics devices capturing car locations, insurers and their customers stand to gain big benefits from ...
Full U.S. Adoption of Self-Driving Cars Likely By 2055: Moody’s
Near-universal adoption of self-driving cars in the United States is likely by around 2055 and poses a long-term threat to auto insurance companies, Moody's Investors Service said in a research ...
XL Catlin Backs Startup Developing On-Demand, Pay-Per-Use Insurance for Rideshare Drivers
XL Catlin's investment arm is helping to back an insurance startup designed to provide on-demand, pay-per-use insurance for rideshare drivers. Slice Labs is the new startup, and it disclosed $3.9 ...
China Tech Outfit Discloses Intent to Buy Unnamed Reinsurance Group
A Chinese high-tech operation said it plans to snatch up a group of reinsurance companies in a diversification move. China Goldjoy Group Ltd., formerly known as World Wide Touch Technology Holdings ...
Ex-AIG CFO Herzog Joins Ambac’s Board as Proxy Fight Looms
Ambac Financial Group Inc. appointed former American International Group Inc. Chief Financial Officer David Herzog to its board as the bond insurer works to fend off activist investor Canyon Capital ...
FBI Seeks Help from U.S. Businesses in Ransomware Hacker Investigation
FBI is asking businesses and software security experts for emergency assistance in its investigation into a pernicious new type of "ransomware" virus used by hackers for extortion. "We need your ...
Warren Buffett’s Berkshire Hathaway Boosts Wells Fargo Ownership Stake
Warren Buffett's Berkshire Hathaway Inc on Monday said it has increased its ownership stake in Wells Fargo & Co to 10 percent, a level that could mean increased federal scrutiny over the ...
The Hartford Adds Five More Teams to Major League Baseball Sponsorship
The Hartford is boosting its advertising investment in Major League Baseball. Already a sponsor of five teams, The Hartford said it will add five more to the list: the Atlanta Braves, Baltimore ...