News
Cambridge Mobile Telematics Attracts $500M SoftBank Investment
Cambridge Mobile Telematics, whose technology is used globally by insurers and others, attracted a $500 million investment from the SoftBank Vision Fund designed to fuel global growth. "This ...
A Four-Day Work Week Might Motivate Staff, Lead to Higher Productivity
Work four days a week, but get paid for five? It sounds too good to be true, but companies around the world that have cut their work week have found that it leads to higher productivity, more ...
J&J Reportedly Moves to Settle Talc Case in Rethink of Legal Strategy
Johnson & Johnson may be sending a peace signal after two years of warring over allegations that its iconic baby powder causes cancer. In what appears to be a first-of-its-kind settlement while ...
RenRe, Dutch Pension Fund Manager Launch New U.S.-Focused Reinsurer
RenaissanceRe Holdings Ltd. teamed with Dutch pension fund manager PGGM to launch Vermeer Reinsurance Lt., a reinsurer designed to provide capacity focused on risk remote layers in the U.S. ...
Marriott Data Breach Could Cost at Least $200 Million: AIR Worldwide
Marriott International Inc. will be dealing with direct cyber incident losses from its massive data breach of between $200 million and $600 million, according to an AIR Worldwide estimate. Marriott ...
At $79B, 2018 Global Insured Losses Hover Near Record Territory: Swiss Re
Total economic losses from natural and man-made disasters in 2018 are down from the previous year, but insured losses are hovering near record territory. Swiss Re's latest sigma report calculated an ...
Executives On The Move at Alliant and Insurance Information Institute
Alliant hired a Willis Towers Watson veteran as Senior Vice President. The Insurance Information Institute hired a new Vice President and Senior Economist, who will handle areas including research, ...
EU Agrees to Sizable Carbon Emissions Reduction Goal for Cars
The European Union agreed on Monday to a goal of cutting carbon emissions from cars by 37.5 percent in a decade, finally settling differences between vehicle-producing countries and ...