News
Hippo Cuts Staff 10 Percent; 70 Jobs Eliminated
As part of an "organizational realignment," Hippo Holdings Inc. said that it is eliminating roughly 70 jobs from the company, amounting to about 10 percent reduction of the InsurTech's overall ...
Night Blindness: Automatic Braking Systems Struggle to See in the Dark
Many of the automatic braking systems automakers are using to prevent vehicles from hitting pedestrians do not work well in the dark, according to test results released Tuesday by the U.S. non-profit ...
Behavioral Health Linked to Workers Comp Recovery: Study
Psychosocial factors are strong predictors of delayed recovery and other adverse outcomes in patients with work-related injuries. A recent white paper from the Workers Compensation Research Institute ...
Commercial Auto InsurTech Fairmatic Raises $42M
InsurTech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the ...
Hurricane Alley Hasn’t Been This Quiet in a Quarter Century
The Atlantic crucible of hurricanes hasn't had a storm all month, and if the calm holds it will stand as the quietest August in 25 years. The expanse of ocean between Africa and the Caribbean Sea has ...
Calif. Emission-Free Mandate Presents New Risks for Auto Insurers
A state mandate in California that will require all cars sold after 2035 to be emission free presents a formidable challenge for auto insurers to properly price and fully understand the risks ...
Droughts, Floods, Other Water-Related Disasters Could Cost Economy $5.6T by 2050
Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday. ...
Truly Transformative Tech: Hype vs. Results
As digitization across the insurance industry accelerates, it can be tempting for insurers to jump on the proverbial bandwagon and devote resources to every new technology that promises fundamental ...