News
FTC Says $1 Billion Lost in Cryptocurrency Scams Since 2021
According to a report from the FTC, over 46,000 people lost over $1 billion in cryptocurrency from scams since the start of 2021. The losses in 2021 ($680 million) were nearly six times what they ...
Branch Achieves Unicorn Status with $147M Series C Funding
Columbus, Ohio-based InsurTech Branch recently announced a $147 million Series C funding led by Weatherford Capital. The raise brings Branch's valuation to $1.05 billion. Participating new and ...
Supreme Court Refuses to Hear COVID Business Interruption Case
The U.S. Supreme Court decided Monday that it will not hear an appeal of a decision that denied coverage for losses caused by COVID-19 shutdown orders, effectively closing the last door for such ...
Executives on the Move at SiriusPoint, Chubb
Global specialty re/insurer SiriusPoint Ltd. announced two internal appointments to the company's Executive Leadership Team. Patrick Charles has been promoted to global head of Property and Casualty ...
The Latest Launches From Captain and Cloud to Street
Offering innovations to promptly respond to victims of natural disasters, fintech Captain and climate adaptation technology company Cloud to Street recently announced new product ...
From Pandemic to Cyber War, Clear Policy Wording Is Key for Insurers
Insurers and insureds alike agree that clear policy wording will be the path forward in dealing with concerns about cyber war in the wake of the Russia-Ukraine conflict. This isn't the first time in ...
Cyber Continues as Outlier in Otherwise Stabilizing Commercial P/C Market: USI
A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business — except for cyber. The cyber insurance ...
Autonomous Vehicles Can Be Tricked Into Dangerous Stops: Research
When a driverless car is in motion, one faulty decision by its collision-avoidance system can lead to disaster, but researchers at the University of California, Irvine have identified another ...