News
SOMPO Invests Additional $45M in One Concern, a Global Resilience AI Startup
SOMPO Holdings, one of Japan's largest insurers, is investing an additional $45 million in One Concern, Inc., an AI startup focused on building the global resilience market. The money is part of an ...
FBI Director Cautions Companies Not to Pay Attackers in Ransomware Incidents
Companies and organizations that are victims of ransomware attacks shouldn't pay hackers to unlock their data and should quickly contact law enforcement, which opens up the possibility of creative ...
VW Discloses Vendor Data Breach Affected 3.3 Million People in North America
Volkswagen AG's U.S. unit said a data breach at a vendor impacted more than 3.3 million customers and prospective buyers in North America. Nearly all those impacted were current or potential ...
U.S. Insurers Slammed in May by Hail, Tornado, Wind and Floods
Many U.S. insurers face a multi-billion-dollar payout from May's convective storms, which spawned extensive hail, tornado, wind and flood damage across a series of separate events during the month, ...
USAA Will Snatch Up Noblr, a Digital Usage-Based Auto Insurer
USAA plans to snatch up Noblr, an InsurTech digital insurer offering usage-based auto insurance. The company declined to disclose its purchase price, though the deal is expected to close later in ...
Leadership Tips: Interacting With Animals Can Help Lessen Stress, Anxiety
Feeling particularly stressed or anxious lately? You should try spending some time around pets or other animals. Interacting with animals for just 10 minutes can help calm your nervous system and ...
We Can Work It Out: Negotiations Likely On COVID Reinsurance Losses
Catastrophe excess of loss reinsurance contracts "never anticipated an event like a pandemic" when written but cedents can still expect compromises from reinsurers, an industry executive said ...
Corvus Insurance CEO Edmundson on Pandemic Opportunities and Major Hiring Plans
Corvus Insurance already pulled in a $100 million Series C venture financing in March. Within two months, more money came through. In late May, the InsurTech startup raised another $15 million, from ...