Hippo Cuts Staff 10%; 70 Jobs Eliminated September 1, 2022 As part of an “organizational realignment,” Hippo Holdings Inc. said that it is eliminating roughly 70 jobs from the company,...
Mapping US Coastlines May ‘Drive More Equality’ in Climate Adaptation Policy September 1, 2022 By Aaron Clark A Canadian technology company is using aerial imagery to build high-precision maps of US shorelines that will be used to...
Starbucks Executives, Directors Are Sued Over Diversity Policies September 1, 2022 By Jonathan Stempel Starbucks Corp. executives and directors have been sued by a conservative think tank that believes the coffee chain’s efforts to...
More Frequent, More Expensive Cyberattacks Spur US Spending on IT September 1, 2022 A new study from insurer Hiscox shows that cyberattacks on U.S. businesses are more frequent and more expensive than ever...
Reinsurers Adopt Divergent Strategies About Natural Catastrophe Exposures: S&P August 31, 2022 By L.S. Howard The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers...
People Moves: Senior Hires at Everest Wholesale Division; Zoidis New Atain CEO; Bohac Joins SIAA; B&B Adds 5 to Analytics Team August 31, 2022 Everest Insurance Division Announces Key Leadership Appointments Everest Insurance, the Insurance division of Everest Re Group, Ltd., has announced key...
Commercial Auto Insurtech Fairmatic Raises $42M August 31, 2022 Insurtech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding...
Breaking Down Inflation’s $30B Impact on Insurers Line By Line August 31, 2022 By Susanne Sclafane Experts at McKinsey & Company estimate that inflation pushed loss costs for property/casualty insurers up roughly $30 billion last year,...
FTC Accuses Data Broker of Selling Sensitive Location Data August 31, 2022 By Marcy Gordon Federal regulators have sued a data broker they accuse of selling sensitive geolocation data from millions of mobile devices, information...
Musk Looks to Delay Twitter Trial Following Whistleblower Claims August 31, 2022 By Ankur Banerjee and Hyunjoo Jin Elon Musk is seeking to delay until November a trial over his intention to back out of a $44 billion...