News
InsurTech Accelerant Launches $175M Sidecar Investment Vehicle Flywheel Re
Accelerant, an InsurTech platform aiming to provide underwriters with risk exchange, data analytics and long-term capacity commitments, announced a new $175 million sidecar vehicle, Flywheel Re. ...
Moderna Sues Pfizer/BioNTech for Patent Infringement Over COVID Vaccine
Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first COVID-19 vaccine approved in the United States, alleging they copied technology that ...
With a Few Exceptions, Personal Insurance Shopping Subdued in Q2 2022
Auto insurance shopping was down 3 percent overall in second-quarter 2022 compared to the same period in 2021. That trend was primarily driven by a significant decrease by higher-risk consumers, ...
U.S.-Listed Companies Will Have to Disclose How CEO Pay Stacks Against Firm Performance
Wall Street's main regulator on Thursday voted to adopt a measure requiring that U.S.-listed companies disclose how the pay of their top executives squares with overall company performance. The U.S. ...
Tech Bytes: New Partnerships at CompScience, Ascend, Origami Risk
CompScience, a provider of video analytics as a service and data-driven recommendations for workplace safety, closed a $6 million seed round. It now covers 70 percent of the U.S. market. Investors in ...
World’s Most Popular Password Manager Says It Was Hacked
LastPass, a password manager used by more than 33 million people around the world, said a hacker recently stole source code and proprietary information after breaking into its systems. The company ...
Amazon Keeps Growing, and So Does Its Cache of Data on You
From what you buy online, to how you remember tasks, to when you monitor your doorstep, Amazon is seemingly everywhere. And it appears the company doesn't want to halt its reach anytime soon. In ...
Man-Made Crises Threaten P/C Markets, Says Joint Report From Trade Associations
Several insurance industry trade associations used the 30th anniversary of Hurricane Andrew—a storm that upended and transformed insurance and the manner in which communities prepare for natural ...