News
Big Tech Is Helping Transform Cars Into Smartphones
Technology companies transformed smartphones and televisions into continuous fountains of revenue. Now, big tech wants to work with automakers to do the same thing for your car. With the widespread ...
Insurers Call for Greater Climate Change Action in Wake of Australia Fires
As the devastation from Australia's bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change. Months of out-of-control fires have burnt an ...
InsurTech MGA Corvus Raises $32M, With Plans to Counter Complex Cyber Risks
Corvus Insurance disclosed it has attracted $32 million in new financing that will fuel further growth, in part by countering complex cyber risks. The InsurTech-focused managing general agent based ...
Lemonade CEO Schreiber Addresses 2020 Plans, Leadership and Hammocks
For Lemonade, 2019 was a banner year. The InsurTech, which launched in New York in 2016, attracted a $300 million financing round, bringing its total cash haul to nearly half a billion dollars. The ...
Iran Crash of Boeing-Made Ukraine Jet Leaves Safety Mystery Worsened by Tensions
As investigators sift through the charred wreckage of a jetliner that crashed shortly after takeoff from Tehran, contradictory reports have emerged about what might have caused the Boeing Co. 737-800 ...
Ransomware Attack Knocks Out Systems at Foreign Exchange Firm Travelex
Staff at foreign exchange firm Travelex are using pen and paper to serve thousands of customers after the company said cyber hackers were holding its systems to ransom, leading to a global blackout ...
Global Natural Catastrophe Insured Losses Reached $52B in 2019: Munich Re
Natural catastrophes caused overall losses of $150 billion during 2019, including insured losses of about $52 billion, which matches the average of the past 30 years, according to Munich Re's ...
EU Bank Official Wants Post-Brexit Trade Deal to Cover Financial Services
European Central Bank policy maker Klaas Knot said that having "a deep and comprehensive trade deal" that covers financial services would be preferable as the U.K. prepares to the leave the European ...