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State Farm, Generali Join $53M VC Round for Nexar, an AI Computer Vision Startup
State Farm and Generali joied the $53 million financing round for Nexar, an AI computer vision startup based in New York. The technology startup provides crowd-sourced visual data that is ...
Cyber Rate Hikes Could Climb 150% in 2022, but Other Lines Will Stabilize: Willis Towers Watson
North American commercial insurance prices should soften gradually in the coming months, bringing a slowdown in many premium rate hikes and more stability in 2022, Willis Towers Watson said in a new ...
As Insurance Demand Rises, Premiums Projected to Reach Record Levels: Swiss Re
Strong growth and record premiums are projected for the global insurance industry, as demand for risk protection increases, according to Swiss Re Institute's latest sigma study. The global insurance ...
Allianz Gains Full Control of China Life Insurance Venture With Regulator Approval
Allianz said on Wednesday that its Chinese life insurance business had received regulatory approval that will allow it to become the first wholly foreign-owned life insurer in China created from a ...
Nationwide, Kinetic Team on Wearable Workplace Safety Technology
New York-based safety technology firm Kinetic has formed an underwriting partnership with Nationwide's E&S/Specialty division. Acting as program manager, Kinetic Insurance is offering workers' ...
U.S., Israel Will Partner to Fight Ransomware Attacks
The U.S. Treasury Department said on Sunday it will partner with Israel to combat ransomware, with the two countries launching a joint task force to address cybersecurity. The task force will develop ...
Zurich North America Appoints Head of Claims Judicial and Legislative Affairs
Zurich North America has created a new position to address social inflation and tort reform, naming Allen Kirsh as head of Claims Judicial and Legislative Affairs. As part of his new role, Kirsh will ...
Google Dealt Amended Antitrust Complaint From U.S. States
A group of U.S. states led by Texas have filed an amended complaint against Alphabet Inc's Google accusing the tech giant of using coercive tactics and breaking antitrust laws in its efforts to boost ...