Technology/Science
A Cautious Approach to Cyber Risk Can Help Insurers Protect Their Ratings: Fitch
The influence of cyber risk on insurer ratings is likely to be neutral or gradual as long as insurers continue take a cautious approach to the business, according to Fitch Ratings. At its recent ...
USAA Among Backers of Flo, a Home Water Damage Prevention Startup
Flo Technologies has unveiled Flo, an intelligent home water monitoring and conservation system that promises to help reduce water damage insurance claims. The startup has raised a total of $11.5 ...
FAA Approves AT&T Drone for Puerto Rico Cellular Service
The U.S. Federal Aviation Administration on Friday said it had approved a request by AT&T Inc to use a new drone known as the Flying Cow or Cell on Wings to help restore cellular service in ...
Cyber Insurance Startup At-Bay Pulls in a $6 Million Seed Round
At-Bay, a new insurance company startup focused on cyber insurance and related risk management, came out of stealth mode on Nov. 17 with news of $6 million in seed venture funding. LightSpeed Venture ...
Telematics-Driven Auto Insurance Still Has Untapped Audience: Survey
Behavior-based auto insurance—where carriers rely on telematics to gather driving data that shapes a customer's rates—appears to have a largely untapped audience. A new driver survey sponsored by ...
Cyber Insurance Market Will Near $17B by 2023: P&S Market Research
The global cyber insurance market, valued at $3.4 billion in 2016, is forecasted to reach nearly $17 billion by 2023, growing at a compound annual growth rate of more than 20 percent from 2017-2023, ...
Travelers Plans to Stick to Current ‘Prudent’ Cyber Insurance Growth Rate
Travelers Cos Inc plans to stick to its recent growth pace for sales of cyber insurance, which protects businesses against hacking and other liabilities, despite potential to boost it, as the insurer ...
Insurers Late to the Game With a 3-D Printing Coverage Strategy
Insurers are woefully behind in developing a coverage strategy for 3-D printing and stand to face liability problems if they don't do so, an expert appearing at the PLUS 2017 conference in Atlanta ...