Technology/Science
Tesla Alleges Ex-Autopilot Program Director Stole Company Secrets
Tesla Motors Inc. sued the former director of its Autopilot program, accusing him of taking confidential information about the company's driver-assist system and trying to recruit at least a dozen ...
China Banks Are Using Blockchain to Boost Transparency and Fight Fraud
Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud in its financial sector. Lenders have struggled for ...
Europe’s Firms, Unprepared for Cyber Risks, Face Breach Disclosure Law
European companies are unprepared to cope with the reality of today's cyber risks, according to a new report from Marsh & McLennan Cos. (MMC) and cyber security company, FireEye. However, ...
Valen Analytics Sold to Much-Larger Insurity for Undisclosed Price
Valen Analytics has been acquired by Insurity, a Connecticut-based company that supplies software, data processing and analytics for property/casualty insurers. Neither side disclosed financial ...Graphic Insight: Where Disruption Is Coming From; How Will Carriers Respond
Startups and fast-moving insurers adopting digital technologies are disrupting the industry, executives agree. When Willis Towers Watson and Mergermarket surveyed 200 senior level executives in the ...
Executives On The Move at CNA and Chubb
CNA created a new executive position focused on integrating technology and operations, and hired an Axis Capital veteran to fill the job. Over at Chubb, the insurer hired a former Allied World senior ...
Verisk Expands Casualty Analytics Capabilities With UK Acquisition
Verisk Analytics now owns Arium, a British company focused on liability risk modeling and decision support. Neither side disclosed financial terms, but the acquisition is the latest in a series of ...
Lemonade Boasts Claims Settlement Speed Record, AI Jim Answers Questions
Recently, Lemonade reported a claim-handling world record. The insurer reported a claim settlement speed record—three seconds and no paperwork. According to the insurer, a policyholder submitted a ...