U.S.
Tractable Attracts $60M to Fuel Further Expansion of AI-Focused Disaster Recovery Tech
The InsurTech Tractable has pulled in $60 million in fresh venture capital. Executives expect to use the money to further the company's artificial intelligence technology for accident and disaster ...
Google to Confront Revived Shareholder Lawsuit Alleging It Hid Security Risks
A U.S. appeals court on Wednesday revived a lawsuit in which shareholders of Google parent Alphabet Inc accused the company of fraudulently concealing security vulnerabilities, including in its ...
Reinsurers Seek Ways to Exclude Coal From Treaty Reinsurance
Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global climate change commitments, but now comes the hard part - finding ways to ...
Cambridge Mobile Telematics Acquires Rival TrueMotion in Major Expansion Push
Cambridge Mobile Telematics has acquired rival TrueMotion for an undisclosed price in a deal that give it an expanded presence and capabilities in the global auto insurance market. The cash and stock ...
U.S. DOJ Files Antitrust Suit to Block Aon/Willis Towers Watson Merger
Aon's proposed $30 billion acquisition of Willis Towers Watson has hit a major roadblock, with the U.S. Department of Justice suing to block the deal. The DOJ's civil antitrust lawsuit argues that ...
Shockingly High Hacking Risks for U.S. Water, Power Cyber Networks
When the Los Angeles Department of Water and Power was hacked in 2018, it took a mere six hours. Early this year, an intruder lurked in hundreds of computers related to water systems across the U.S. ...
COVID Crisis Hurts Global Macro Resilience, Widens Insurance Protection Gap: Swiss Re
The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18% in 2020 from 2019, according to a sigma report published by Swiss Re Institute. ...
Many Consumers Never Knew About Pandemic Auto Insurance Premium Givebacks: J.D. Power
During the COVID-19 pandemic, auto insurers voluntarily returned more than $18 billion in premiums to address the drastic reduction in driving. It turns out all that extra money didn't make consumers ...