Ransom-Seeking Hackers Are Exploiting Flaws in Microsoft Email Software March 12, 2021 By Raphael Satter Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft’s widely used mail server software, the company...
$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley March 12, 2021 Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial...
P/C Insurers Improved Profitability in Year of Coronavirus: AM Best March 12, 2021 Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase in...
Purdue Pharma’s Sacklers Increase Opioid Settlement Offer to $4.3B: Reuters March 12, 2021 By Mike Spector Members of the Sackler family who own Purdue Pharma LP have offered roughly $4.3 billion to resolve sprawling opioid litigation,...
Insurance Safety Institute Finds Adaptive Cruise Control Raises Fatal Crash Risk March 12, 2021 By Tina Bellon Adaptive cruise control systems on cars, which control braking and speed, raise the risk of traffic crashes because the technology...
Transactional Risk Insurance Hits Record High Despite Pandemic: Marsh March 12, 2021 After a dramatic downturn in the second quarter of 2020 due to the coronavirus pandemic, merger and acquisition (M&A) deal...
CRC, Pan-American to Offer Workers’ Comp to Trucking Industry March 12, 2021 A new partnership between specialty wholesaler CRC Group, 5Star Specialty Programs and life insurer subsidiary Pan-American Benefit Solutions (PABS), will...
Google Hires Deloitte’s Walsh to Lead North American Insurance Business March 11, 2021 By Andrew G. Simpson Google has hired former Deloitte Digital partner Nigel Walsh to lead its insurance business in North America. Walsh disclosed the...
BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble March 11, 2021 By L.S. Howard See a need and then fill it. That’s the secret of most successful businesses—and that was the driving motivator of...
Hacked Firms Face ‘Frankenstein’ of State-Based Cyber Notification Laws March 11, 2021 By Neil Weinberg Last summer, Katherine “Kitty” Green received some disturbing news about the computer network at Florida Gulf Coast University, where she...