News
Zurich Leads Series B Fundraise for Cyber InsurTech BOXX Insurance
BOXX Insurance, the Toronto-headquartered InsurTech that combines cyber insurance and security, announced a $14.4 million Series B funding round, led by Zurich Insurance Co. Ltd. This latest funding ...
Getty Images Lawsuit Says Stability AI Misused Photos to Train AI
Stock photo provider Getty Images has sued artificial intelligence company Stability AI Inc., accusing it in a lawsuit made public on Monday of misusing more than 12 million Getty photos to train its ...
Moody’s Downgrades SCOR’s Rating to A1 From Aa3 on Weakening Profits
Moody's Investors Service downgraded the Insurance Financial Strength Rating (IFSR) of SCOR SE and its key operating entities to A1 from Aa3 while at the same time changing the company's outlook to ...
Tech Bytes: New Partnerships at CNA, Swiss Re, HSB
SLK Software, a global technology services firm, and V-Labs, an artificial intelligence company, aligned with CNA Insurance, a U.S.-based insurance provider, to deploy an enterprise-wide AI-led ...
CNA Reports Q4 earnings of $248 Million
CNA Financial Group notched a net income of $248 million during 2022's final quarter. This was a slight dip from the $266 million recorded during the same period in 2021. Overall, CNA recorded a ...
Root Sues Former CMO Over at Least $9.4M in Unauthorized Payments
Root Inc., the parent company of Root Insurance, has followed up its investigation into almost $10 million of unauthorized payments with a lawsuit against its former chief marketing ...
Allstate’s Plan to Return to Profit in Auto
Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company's No. 1 priority: improve margins. Allstate ended 2022 with an ...
PG&E to Face Manslaughter Trial Over Deadly California Fire
Pacific Gas & Electric will face trial for manslaughter over its role in a 2020 wildfire in Northern California that killed four people, a judge ruled Wednesday. The judge in Shasta County ruled ...