Swiss Re and China Tech Giant Baidu Partner to Advance Autonomous Driving Industry November 19, 2021 Swiss Re and Chinese tech giant Baidu are teaming up to further develop the autonomous driving industry, announced Swiss Re....
State Farm and Generali Join Investors in Computer Vision Startup Nexar November 19, 2021 State Farm and Generali joined the $53 million financing round for Nexar, an artificial intelligence computer vision startup based in...
New U.S. Rule Requires Banks to Promptly Report Cyber Incidents November 19, 2021 By Pete Schroeder U.S. banking regulators on Thursday finalized a rule that directs banks to report any major cybersecurity incidents to the government...
Australia’s Corporate Regulator Sues MLC Life for Causing Financial Harm of $13M November 19, 2021 Australia’s corporate regulator said on Friday it was suing MLC Life Insurance for causing financial harm of A$17.5 million ($12.73...
Canada Insurer Definity Surges on Market Debut After $1.6B IPO Backed by Swiss Re November 19, 2021 TORONTO – Insurer Definity Financial Corp jumped as much as 36% on its stock market debut on Thursday after raising...
Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount November 19, 2021 By Carolyn Cohn LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove...
Victims of Indianapolis FedEx Shooting Seeking $2.1 Million From City November 19, 2021 Three members of the Sikh community affected by a mass shooting at an Indianapolis FedEx facility in April are seeking...
Russia Missile Test Creates New Belt of Space Junk, Escalating Threat to Satellites November 19, 2021 By Todd Shields The Russian missile test that shattered a dead satellite this week highlights a growing threat of space debris just as...
BRP Group to Acquire Missouri’s Brush Creek Partners November 19, 2021 BRP Group, Inc., through an indirect subsidiary, has entered into an agreement to acquire substantially all the assets of Brush...
Staying Focused on Surplus Lines: Amwins’ President Drinkwater November 19, 2021 By Andrea Wells It’s an interesting time in the surplus lines industry with insurance rates increasing and capacity being limited in some classes...