U.S.
AIG Selling Fairfax Financial Some Latin America, Central and Eastern Europe Operations
American International Group will sell off some of its Latin America, Central and Eastern Europe operations to Fairfax Financial Holdings Ltd., and the two companies in turn expect to form a ...
Small Business Owners Remain Unprepared for Cyber Attacks: Nationwide
Small business owners remain woefully underprepared to address the risk of cyber attacks and respond when they happen, Nationwide found in a new survey. Just 22 percent of respondents said that they ...
InsurTech Founders Are Often Not Insurance Industry Veterans
As InsurTech companies increase in number and scope, the P/C industry may be surprised about one thing: only a small number of founders may actually be insurance industry veterans. So says, Tim ...
Insurers Risk Plenty by Keeping Their Technology Budgets Static: Novarica
Insurers' technology budgets remain flat in an age of disruption and technology - a risky move in the face of increased rivalry from tech-enabled upstart competitors, consulting firm Novarica said in ...
Blood Diagnostics Startup Theranos Slammed With Cluster of Lawsuits
Blood-testing startup Theranos Inc. is under legal siege. After being sanctioned by U.S. regulators, the company now faces at least eight lawsuits filed in federal courts in California and Arizona by ...
North Carolina Buildings Sustained $1.5B in Hurricane Matthew Damage
North Carolina emergency officials have estimated that the destructive and deadly Hurricane Matthew caused $1.5 billion worth of damage to more than 100,000 homes, businesses and government buildings ...
The Latest Launches From XL Catlin, AXIS and Take1 Insurance
XL Catlin added cyber insurance as optional coverage in its professional liability cover for design professionals. AXIS Capital Holdings will start offering U.S. customers cybersecurity ratings data ...
Virtual Claims Startup Snapsheet Raises $20M Round; Liberty Mutual, USAA Among Backers
Liberty Mutual and USAA are among the backers behind Snapsheet, a startup developing virtual auto claims technology and services that recently closed on $20 million in new financing. Snapsheet ...