Technology/Science
Dispatches From InsurTech Survival Island: Five Takeaways From Statutory Financials (Part 1)
"All the insurance players will be InsurTech" is a phrase we have uttered on many occasions in the past few years, but some InsurTechs have chosen to be insurers. Real insurers. Which means they file ...
Lord & Taylor, Saks Data Breach: Millions of Payment Cards May Be Compromised
Retailer Hudson's Bay Co on Sunday disclosed that it was the victim of a security breach that compromised data on payment cards used at Saks and Lord & Taylor stores in North America. One cyber ...
Tesla Acknowledges Vehicle Autopilot Activated Before Fatal Crash
Tesla Inc said on Friday that a Tesla Model X involved a fatal crash in California last week had activated its Autopilot system, raising new questions about the semi-autonomous system that handles ...
Chubb, Bunker Ally to Develop Usage-Based Insurance for Freelancers
Bunker and Chubb will work together to develop new usage-based insurance products focused on freelance workers. Chubb has also become a minority investor in Bunker as part of their partnership, ...
Why Improved Auto Technology Is Creating Underwriting Challenges
Automobiles are so solidly made now that they're safer and lasting far longer than their predecessors. Their durability is delaying wider use of even better technology, however, a trend that will ...
The Latest Launches From XL Catlin, Validus and Tokio Marine Kiln
XL Catlin and RedSeal have a new resilience measure designed to gauge risk and improve cybersecurity and insurance terms. Validus Specialty Underwriting Services Inc. and a new partner are offering ...
Starr, Skywatch Partner on Usage-Based, Telematics-Driven Insurance for Drones
Starr Companies said it will partner with risk analytics company SkyWatch to provide usage-based, telematics-driven insurance for the drone industry. Their deal will let drone operators obtain ...
Root Raises $51M to Fuel Further Growth of Telematics-Based Auto Insurance Biz
Root, an auto insurance startup centered around telematics, closed a $51 million venture financing designed to fuel expansion into more states and enable further investment in its core technology. ...