Technology/Science
Marine Insurance Blockchain Makes Its Debut
A blockchain that is said to be the first for $30 billion marine insurance is now in commercial use, according to a coalition of technology, insurance, marine and consulting businesses. EY, ...
Apple Getting Another $539M From Samsung in Long Fought Patent Battle
Apple Inc. won $539 million from Samsung Electronics Co. in the final throes of the companies' U.S. court struggle over smartphone technology, seven years after the start of a global patent battle. ...
Much More M&A Is Coming as Companies Seek Scale/Tech Advances: A.M. Best
Expect more property/casualty insurance and reinsurance M&A deals in the months ahead — particularly among smaller carriers — as companies continue seeking scale and technology to improve ...
FTC Urged to Probe Tesla Autopilot Ads
Two U.S. consumer advocacy groups urged the Federal Trade Commission on Wednesday to investigate what they called Tesla Inc's "deceptive and misleading" use of the name Autopilot for its ...
Hackers Have Infected Routers, Storage Devices Globally. Will Russia Again Attack Ukraine?
Cisco Systems Inc on Wednesday warned that hackers have infected at least 500,000 routers and storage devices in dozens of countries with highly sophisticated malicious software, possibly in ...
Age of InsurTechs Poses Unique Challenges for Surplus Lines Insurance Industry
Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen InsurTech blossom from a term to describe the ...
American Drivers Increasingly Fearful of Self-Driving Vehicles: AAA Study
Three-quarters (73 percent) of American drivers now say they would be too afraid to ride in a fully self-driving vehicle, up significantly from 63 percent in late 2017. Additionally, 63 percent of ...
Root Plans Bigger Columbus, Ohio HQ, Plus Many New Hires to Fuel National Expansion
Root disclosed plans to grow its workforce over the next three years by about 500 percent and also move to a new, significantly expanded headquarters in Columbus, Ohio. The auto insurance startup, ...