News
Bolttech Raises $196M Series B with Up-Round Valuation of $1.6B
International InsurTech bolttech announced it raised $196 million in connection with its series B with an up-round valuation of $1.6 billion. The round was led by Tokio Marine. Other key investors ...
Low-Tech Cyber Attacks Took Advantage of Fixable Vulnerabilities in 2022: Coalition
Outdated technology, poor software maintenance, and the dreaded clicking of a malicious link were most to blame for cyber insurance claims experienced by policyholders in 2022, according to a new ...
Supreme Court Spurns Dispute Over Roundup Class-Action Settlement
The U.S. Supreme Court on Monday declined to hear a dispute involving a lawsuit against Bayer AG's Monsanto Co that could rein in a common form of settlement in class action cases under which money ...
AM Best: Current D&O Market Rates Could Prove Inadequate
Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the last several years, but insurance industry rating agency AM Best said it remains to ...
J&J’s Proposed Talc Settlement Would Pay $400 Million to State AGs
Johnson & Johnson has set aside $400 million to resolve U.S. state consumer protection actions as part of its broader $8.9 billion effort to settle claims that its Baby Powder and other talc ...
Carrier Management, Other Wells Media Publications Awarded for Excellence
Wells Media Group publications, online, research and podcasts have won a total of nine 2023 Azbee Awards of Excellence from the American Society of Business Publication Editors (ASBPE). "Being ...
BI Auto Claim Severity Up 35% Over Pre-Pandemic Levels; Collision Up 40%
Claim severity for bodily injury and property damage increased by 35 percent since 2019, while collision claim severity has jumped 40 percent, LexisNexis Risk Solutions says in a new report. The data ...
Hackers to Test AI Limits at Mass Event
No sooner did ChatGPT get unleashed than hackers started "jailbreaking" the artificial intelligence chatbot—trying to override its safeguards so it could blurt out something unhinged or obscene. ...