Capital One Breach Clouds Technology Strategy; Puts $400M Cyber Insurance in Play August 1, 2019 By Jenny Surane and Lananh Nguyen Capital One Financial Corp., in recent years, has beat the drum every chance it got: The cloud is cheaper. The...
Space Insurance Premiums Could Double After European Vega Rocket Crash July 31, 2019 By Carolyn Cohn, Tom Sims and Noor Zainab Hussain Space rockets and satellites are likely to cost more to insure after the European Vega rocket crash this month, which...
Allstate Says Q2 Results Reflect Strategy Momentum July 31, 2019 The Allstate Corp. said its second quarter results show that its strategy of increasing its market share in property and...
Businesses Believe Cyber Insurance Covers More Than It Does: Survey July 31, 2019 Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of...
University Lawsuit Accuses Big Retailers of Infringing ‘Reinvented’ Light Bulb Patent July 31, 2019 By Jonathan Stempel Five major retailers, including Amazon.com Inc and Walmart Inc, were sued on Tuesday by the University of California over what...
Capital One Investors Wary of Reputational Impact of Data Breach July 31, 2019 By David Henry Capital One Financial Corp.’s assurances that a major data breach would have a limited impact on customers or profit failed...
Congress Looks to Jump Start Stalled Driverless Vehicle Bill July 31, 2019 By David Shepardson Two key committees in the U.S. Congress on Tuesday said they will revive efforts to pass long-stalled legislation to speed...
Moody’s Acquisition Could Signal Shift in Pricing of Climate Risk: Viewpoint July 31, 2019 By Leonid Bershidsky, Bloomberg Opinion The acquisition of California-based Four Twenty Seven, Inc., by Moody’s Corporation could signify the beginning of a major shift in...
Why Agencies Shouldn’t Be Afraid of Insurtech and Need to Adopt It – Now July 31, 2019 By Amy O'Connor There’s been a barrage of insurtech products hitting the market for several years now, creating confusion for some agency owners...
Sompo Global Risk, VGM Insurance to Offer Golf Course, Country Club Coverage July 30, 2019 Bermuda-based specialty insurance provider Sompo International Holdings Ltd. subsidiary Sompo Global Risk Solutions (GRS) has entered into a strategic partnership...