News
G7 Nations Plan Simulated Cross-Border Cyber Attack on Finance Sector in June
Leading Western industrial powers will for the first time jointly simulate a major cross-border cybersecurity attack on the financial sector next month, French officials said on Friday. The exercise, ...
California Jury Slams Bayer With $2 Billion Award in Roundup Cancer Trial
A California jury on Monday awarded more than $2 billion to a couple who claimed Bayer AG's glyphosate-based Roundup weed killer caused their cancer, in the largest U.S. jury verdict to date against ...
Risk Alerts: Mississippi Homeowner Premiums, Hacked Scooters, Seat-Back Cameras on Airplanes
Mississippi homeowners could see premiums rise up to 25 percent thanks to Hurricane Katrina-related subrogation litigation being brought by the Mississippi attorney general. Lime electric scooters in ...
Weather Network/Analytics Startup Eyes Global Growth With New $5.25M Financing Round
Understory – a weather network and analytics startup interested in insurance customers – has raised $5.25 million in new financings. Plans call for using the cash infusion to accelerate global ...
Carriers Over-Reliant on Federal Reinsurance Program Risk Ratings Downgrades: A.M. Best
A.M. Best warns that property/casualty insurers face the risk of rating downgrades if the U.S.-based federal terrorism reinsurance program isn't renewed by the end of 2020, and carriers are found to ...
InsurTech Investments Break Further Records in Q1
InsurTech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during ...
A New Brexit Referendum? Liberal Democrats See Possibility
Is Prime Minister Theresa May mulling a second referendum on Brexit? Liberal Democrat leader Vince Cable certainly seems to think so. Out canvassing for the May 23 European elections in a leafy ...
A Weak El Nino Should Linger Through August, Possibly Easing Hurricane Threats
The weak El Nino pattern that's been influencing global weather will probably stick around through August, likely bringing rain to Brazil's coffee fields while drying India's monsoon and possibly ...