News
Data of 515,000 People at Risk After ‘Sophisticated’ Hack of Red Cross
The International Committee of the Red Cross said that personal data of 515,000 vulnerable people were compromised in a "sophisticated" hack. The cyber attack targeted a contractor in Switzerland ...
Shell Appeals $2 Billion Court Judgment in Nigerian Oil-Spill Case
A Nigerian court will hear Royal Dutch Shell Plc's appeal to overturn an almost $2 billion award against the company for allegedly spilling oil in the West African country. The energy giant is ...
Root Implements Organizational Realignment, Lays Off 330 Employees
Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, announced yesterday that it has laid off approximately 330 team members throughout its business. Co-Founder ...
Travelers Leaning Into AI, Tech as Earnings Rise
Reviewing the 2021 highlights of both a final quarter and a year that saw Travelers deliver double-digit returns-on-equity, the company's chief executive focused on technology investments aimed at ...
The Latest Launches From Pie Insurance, Tractable
Pie Insurance, a tech-enabled provider of workers' compensation insurance to small businesses, launched its new pay-as-you-go billing platform. With this platform, new Pie policyholders can pay for ...
Investors Cannot Sue German Regulator for Wirecard Collapse, Court Rules
Investors who lost money from investing in Wirecard AG shares can't make Germany's financial regulator Bafin compensate them, a Frankfurt court ruled. The tribunal on Wednesday threw out four suits ...
American Financial Group Acquires InsurTech Verikai in $120M Deal
American Financial Group (AFG) acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk, effective December ...
How Zurich Commercial Uses Underwriting Discipline to Find Profit in Any Market
Zurich Insurance Group has worked hard to turn around its financial results over the past five years by bringing underwriting back to the organization, with a greater focus on selecting the right ...