News
Mexico Is Watching Out for Hurricane Bud
Parts of Mexico's Pacific coast, including the port city of Manzanillo, have been placed under a tropical storm watch with the eastern edge of Hurricane Bud potentially scraping the shoreline as it ...
A $42B Cryptocurrency Plunge Follows South Korean Hack Attack
The 2018 selloff in cryptocurrencies deepened, wiping out $42 billion of market value over the weekend and extending this year's slump in Bitcoin to more than 50 percent. Some observers pinned the ...
Traditional Insurers Rank Higher in Digital Competence, But InsurTechs Gaining Speed: Gartner L2 Study
Traditional insurers dominated the field in a new study analyzing digital competence—but InsurTechs are fast on their heels. The Gartner L2 Digital IQ Index surveyed 49 insurers operating in the ...
Executives On The Move at PURE and CNA
The PURE Group of Insurance Companies promoted two executives to lead its claims and risk management divisions. CNA appointed a former AIG executive to the newly created position of senior vice ...
Even With Few May Tornadoes, U.S. Storms Still Packed a Punch: Impact Forecasting
Fewer than 450 tornadoes were reported in the U.S. this year as of June 1 — an historic low going back to 1950 — but a handful of severe weather outbreaks still caused problems in May, according ...
Calif. Utility Risks Criminal Charges for Devastating Wildfires
Late Friday, California confirmed what many across the state's devastated wine country had suspected for months: Equipment owned by utility giant PG&E Corp. ignited some of the deadliest and most ...
Zurich Insurance Acquires Minority Stake in CoverWallet
Zurich Insurance Group acquired a minority stake in CoverWallet, a digital business insurance agency startup. CoverWallet, which launched in 2016, disclosed the investment, which it said builds on a ...
Tesla Shareholders Sue to Rescind Musk’s Pay, Overhaul Board
Elon Musk's multi-billion dollar compensation package should be rescinded and the board of Tesla Inc should be overhauled to better protect investors in the electronic car company, according to a law ...