Technology/Science
What Is the Key to Underwriting in an Everchanging Cyber Risk Landscape? Change With It
There is plenty of talk about the everchanging cyber risk environment, but what about the insurance industry that underwrites these risks? As some contemplate a need for more stability in cyber ...
Travelers Acquires Tech Assets of InsurTech Trōv
Trōv, an early InsurTech that started life as a creator of micro-duration policies and evolved into an embedded insurance specialist, announced this morning that The Travelers Companies will acquire ...
Century’s Worth of Sea Level Rise Coming to U.S. Coast By 2050: NOAA
America's coastline will see sea levels rise in the next 30 years by as much as they did in the entire 20th century, with major Eastern cities hit regularly with costly floods even on sunny days, a ...
Tesla ‘Phantom Braking’ Prompts New NHTSA Probe
Auto safety regulators in the U.S. have launched another investigation of Tesla, this time tied to complaints that its cars can stop on roads for no apparent reason. The government says it has 354 ...
SpaceX Satellites Falling Out of Orbit After Being Hit by Solar Storm
SpaceX's newest fleet of satellites is tumbling out of orbit after being struck by a solar storm. Up to 40 of the 49 small satellites launched last week have either re-entered the atmosphere and ...
Progressive Says Technology Pulling Auto Safety in Opposite Directions
While automakers are making progress in including lifesaving automatic safety devices with their latest vehicles, advances in another kind of technology may be having the opposite effect on auto ...
Cyber Criminals Nabbed $1.3B in Ransom Payments Over 2 Years: Report
Criminals netted $1.3 billion in ransom payments from hacking victims in the past two years, reflecting a massive surge in cyber crime that has prompted a global effort to stop it, according to a new ...
Parametric InsurTech Startup FloodFlash Raises $15M for International Expansion
FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million. The round was led by Chicago-based ...