U.S.
SOMPO Invests Additional $45M in One Concern, a Global Resilience AI Startup
SOMPO Holdings, one of Japan's largest insurers, is investing an additional $45 million in One Concern, Inc., an AI startup focused on building the global resilience market. The money is part of an ...
FBI Director Cautions Companies Not to Pay Attackers in Ransomware Incidents
Companies and organizations that are victims of ransomware attacks shouldn't pay hackers to unlock their data and should quickly contact law enforcement, which opens up the possibility of creative ...
VW Discloses Vendor Data Breach Affected 3.3 Million People in North America
Volkswagen AG's U.S. unit said a data breach at a vendor impacted more than 3.3 million customers and prospective buyers in North America. Nearly all those impacted were current or potential ...
U.S. Insurers Slammed in May by Hail, Tornado, Wind and Floods
Many U.S. insurers face a multi-billion-dollar payout from May's convective storms, which spawned extensive hail, tornado, wind and flood damage across a series of separate events during the month, ...
USAA Will Snatch Up Noblr, a Digital Usage-Based Auto Insurer
USAA plans to snatch up Noblr, an InsurTech digital insurer offering usage-based auto insurance. The company declined to disclose its purchase price, though the deal is expected to close later in ...
Corvus Insurance CEO Edmundson on Pandemic Opportunities and Major Hiring Plans
Corvus Insurance already pulled in a $100 million Series C venture financing in March. Within two months, more money came through. In late May, the InsurTech startup raised another $15 million, from ...
Partnerships – Embedded Services Edition: The Zebra/Cinch and Coalition/Intuit
Insurance comparison site The Zebra has partnered with Cinch Home Services to provide home services to P/C insurance policyholders nationwide. Coalition, a cyber insurance managing general agency and ...
Nationwide, Insurify Link on Car Insurance Comparison Quote Tech
Nationwide's customers will gain the ability to get car insurance quotes from multiple insurers through a new digital partnership with Insurify, an insurance comparison platform. The partnership ...