Technology/Science
Stolen Vendor Credentials Used in Target Breach
Target Corp. said on Wednesday that the theft of a vendor's credentials helped cyber criminals pull off a massive theft of customer data during the holiday shopping season in late 2013. It was the ...
21 Insurers, Brokers Launch Oasis ‘Open Source’ Cat Model
The Oasis Loss Modelling Framework has unveiled what it describes as "the most significant development in the modelling of natural catastrophe losses for 20 years"—the launch of an independent, ...
Designing a UBI Program to Fit Your Business Strategy
Usage-based insurance (UBI) for auto is often presented as a "one size fits all" solution to insurers' business problems. Tiny telematics devices that can be installed in policyholders' vehicles ...
Berkshire Gains Concierge Service with MyAssist
Warren Buffett's Berkshire Hathaway Inc. is betting on a service that helps companies including Ford Motor Co. and Daimler AG's Mercedes-Benz provide live, in-car support to drivers. Berkshire agreed ...
Creating Conditions for Private Flood Insurance Market
New technologies and a better understanding of flood risk may have increased private insurers' interest in providing flood insurance but real obstacles remain to the private sector getting involved. ...
Berkshire Hathaway Specialty to Acquire MyAssist and Insure America
Berkshire Hathaway Specialty Insurance said it has agreed to purchase the assets of MyAssist Inc., a live-agent personal concierge and telematics service provider, and Insure America LLC, a niche ...
Data Theft Nearly Impossible to Beat, Say Davos Executives
Fighting online data fraudsters is almost impossible as their ability to hack into new technology often outpaces companies efforts to protect it, senior businessmen and bankers gathering for the ...
Tonga Receives First Payout from Pacific Insurance Pilot for Cyclone Ian
The World Bank said that Tonga will be the first country to benefit from a payout under the Pacific Catastrophe Risk Insurance Pilot and will receive an immediate payment of US $1.27 million towards ...