News
Progressive Says Technology Pulling Auto Safety in Opposite Directions
While automakers are making progress in including lifesaving automatic safety devices with their latest vehicles, advances in another kind of technology may be having the opposite effect on auto ...
Cyber Criminals Nabbed $1.3B in Ransom Payments Over 2 Years: Report
Criminals netted $1.3 billion in ransom payments from hacking victims in the past two years, reflecting a massive surge in cyber crime that has prompted a global effort to stop it, according to a new ...
Parametric InsurTech Startup FloodFlash Raises $15M for International Expansion
FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million. The round was led by Chicago-based ...
NASA Concerned About SpaceX Satellite Deployment Plan
The National Aeronautics and Space Administration (NASA) raised concerns about SpaceX's plan to deploy about 30,000 satellites for its Starlink, as have some major companies. Elon Musk's SpaceX ...
A Sign of Ransomware Growth: Gangs Now Arbitrate Disputes
Cyber criminal gangs are getting increasingly adept at hacking and becoming more professional, even setting up an arbitration system to resolve payment disputes among themselves, according to a new ...
Tech Bytes: New Partnerships at ClarionDoor, CLARA, Cruise
ClarionDoor, a Zywave company and provider of insurance product distribution services, announced a new partnership with Dark Matter Insurtech LLC, a provider of digital services for excess and ...
Hey, P/C Insurance Professionals: Predict the 2022 Super Bowl Winner and Score
It's that time of year again. Time for a little fun. The insurance industry tries to predict losses. Can the industry predict winners? Which team will win Super Bowl LVI on Sunday? Cincinnati or Los ...
Hamilton Launches U.S. E&S Insurer
Hamilton Insurance Group has launched a U.S. excess and surplus lines insurer. The new company, Hamilton Select Insurance Inc., has received a financial strength rating of "A-" (Excellent) from A.M. ...