News
Herald Raises $12M in Series A Funding Round
Herald, a digital infrastructure provider for commercial insurance, announced a $12 million Series A funding round co-led by Lightspeed Venture Partners and Brewer Lane Ventures with participation ...
Second-Warmest September Recorded in the U.S. and Globally
Temperatures were above average across most of North and South America as well as Europe,according to the September 2024 U.S. and Global Climate Reports. Globally, temperatures averaged cooler than ...
Stable Outlook for Canada’s P/C Insurers as Weather-Related Losses Fuel Volatility: AM Best
Though Canada's property/casualty (P/C) insurers faced average catastrophe activity during the first half of 2024, four major events in this year's third quarter should lead to another record year ...
Significant Hurdles Before Tesla’s Promises of Paid Robotaxis Next Year
Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hailing services to the public in California and Texas next year, a claim likely to face significant ...
Business Owners in Disaster Areas Should Be Wary of Possible Scams
The devastation of Hurricanes Milton and Helene have opened the floodgates for people seeking disaster relief. Along with that comes the danger of fraud. The Federal Trade Commission, Department of ...
SEC Accuses Four Firms of Downplaying SolarWinds-Related Hacks
Four hacked companies will pay a total of almost $7 million to settle US Securities and Exchange Commission allegations that they downplayed the significance of the cyberattacks, the latest fallout ...
Record-Breaking Temperatures Mask a Subtler Threat: Chronic Heat
Phoenix has become a nerve-wracking bellwether for extreme heat. Arizona's capital recently endured a three-week stretch when every day broke a heat record, with thermometers peaking at 117F (47C) on ...
Global Commercial Insurance Rates See 1st Quarterly Decline in Seven Years: Marsh
Global commercial insurance rates fell 1 percent in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter ...