Root Insurance Raises $350 Million in New Round; Valuation Reaches $3.65 Billion September 9, 2019 Root Insurance, which uses smartphone technology to gauge driver behavior and price policies, said it has raised $350 million in...
Rhode Island Bike Share Program Put on Hold Amid Safety Concerns September 9, 2019 The introduction of a bike share program in Pawtucket, R.I., has been put on hold. Pawtucket Police Chief Tina Goncalves...
U.S. Opposes Merger of Title Insurers Fidelity National and Stewart September 9, 2019 The U.S. Federal Trade Commission said on Friday that it had filed an administrative complaint aimed at preventing title insurance...
Ransomware Attack Locks Out New Bedford City Data September 9, 2019 A Massachusetts mayor says hackers demanded $5.3 million from his city in a ransomware attack this summer. New Bedford Mayor...
Unlicensed Labor Broker Indicted in New York for $1M Insurance Fraud Scheme September 9, 2019 Unlicensed labor broker Salvador Almonte Jr. and insurance broker Steven Asvazadourian have been indicted in New York for an insurance...
China Regulator Puts Cap on Insurers’ Investments in Shareholders September 9, 2019 China’s banking and insurance regulator put a cap on Monday on how much insurance firms can invest in their shareholders,...
Guy Carpenter Names Priebe as Chairman September 9, 2019 Guy Carpenter & Co., LLC, the global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan...
Aon Launches Real-Time Loss Forecasting for U.S. Hurricanes, European Windstorms September 9, 2019 Aon plc has launched Automated Event Response (AER), designed to enable insurers to view real-time portfolio risks from two of...
Space-Faring Nations Need Regulations to Prevent Satellite Collisions: Opinion September 9, 2019 By Adam Minter, Bloomberg Opinion Last week, the European Space Agency reached out to to warn Elon Musk’s Space Exploration Technologies Corp. that one of...
Residents of North Carolina’s Outer Banks Take Stock of Dorian’s Damage September 9, 2019 By Ben Finley Skies cleared and floodwaters receded Saturday from North Carolina’s Outer Banks, leaving behind a muddy trail of destruction wrought by...