Tesla Auto Caught Fire During Driving, Lawyer Alleges July 2, 2021 By Hyunjoo Jin and David Shepardson A Tesla Inc. Model S Plaid electric vehicle burst into flames on Tuesday while the owner was driving, just three...
Insurers’ Own Infrastructure Could Be Next Targets of Cyber Criminals July 2, 2021 By Mark Hollmer As “the next digital pandemic,” cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert....
The Regulatory and Legal Risks Facing Online Broker Robinhood July 2, 2021 By Chris Prentice and Michelle Price Robinhood Markets Inc, the online brokerage at the center of this year’s retail trading frenzy, disclosed on Thursday previously unreported...
Pennsylvania Governor Wolf Signs Off on Revisions to State’s Medical Pot Law July 2, 2021 By Mark Scolforo Medical marijuana patients can continue to get a three month’s supply at a time, rather than one month’s, under revisions...
New Hampshire Insurance Department Investigates 18 Insurance Fraud Cases July 2, 2021 The New Hampshire Insurance Department has announced that it investigated and submitted for criminal prosecution a total of 18 insurance...
New York Regulator Issues New Guidance on Growing Ransomware Threat July 2, 2021 The New York State Department of Financial Services (DFS) has issued new guidance on preventing ransomware attacks. In the guidance,...
People Moves: PartnerRe’s Hanhart to AXIS Re; Zurich Names Verkerk to New Role of Chief Platform Officer; PwC’s Maxwell to MS Amlin as CRO July 2, 2021 These International People Moves include appointments at AXIS Re, Zurich Insurance Group and MS Amlin. Details of these new hires...
South Korean Insurtech Carrot Doubles Capital with $90 Million Rights Offering July 2, 2021 Carrot General Insurance Corp., South Korea’s first digital-only insurance provider, announced that it has raised 100 billion won (US$88.7 million),...
Tech Giants’ Move into Indian Financial Services Poses Stability Risk: Central Bank July 2, 2021 By Suvashree Ghosh India’s central bank warned about the growing presence of technology giants in the country’s digital financial services and payment systems...
Indian Fintech Startup Aims to Win Insurance Clients with Fresh $200M Funding Round July 2, 2021 By Saritha Rai Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort...