Executives On the Move at AXA XL and CyberScout
An ex-AIG executive is joining AXA XL as chief underwriting officer for Short Tail Insurance Lines. CyberScout, a data security company that works with insurers and others, has a new CEO.
The Latest Launches From Sompo International/Air Worldwide, Verisk and Aon
Sompo International plans to use Air Worldwide's casualty analytics platform to improve its underwriting process for many commercial liability lines. Verisk is rolling out an InsurTech product ...
InsurTech Startups Will Scale Up and Mature in 2019, and Other Predictions
The insurance technology, or InsurTech sector has seen much technological and investment development over the past few years. Traditional insurance business lines such as health, auto, and commercial ...
U.S. Auto Insurance Customers Grow Happier With Direct-to-Consumer Models: J.D. Power
U.S. auto insurance consumers are quite happy about their coverage, and a growing shift to direct-to-consumer models has driven much of their good feelings, J.D. Power said in a new report. Overall ...
Why 5G Networks Could Be Bad News for Storm Forecasting
Satellites tracking water vapor in 2012 helped scientists accurately predict Superstorm Sandy's frightening turn toward New York and New Jersey where it killed dozens of people and inflicted billions ...
El Niño Conditions Likely to Continue Through Summer
There is a 66 percent chance that the Northern Hemisphere will see persisting El Niño conditions in the summer of 2019, the National Weather Service's Climate Prediction Center (CPC) said in its ...
Uber, Lyft Seek Compromise on Drivers’ Independent Contractor Status
Faced with legislation in California that endangers their business model, Uber Technologies Inc. and Lyft Inc. are urging a compromise that would keep their drivers from being considered employees. ...
Russian Hackers Believed to Be Probing U.S. Power Grids
A group of hackers that shut down a Saudi Arabian oil and natural gas facility in 2017 is now targeting electric utilities in the U.S. and Asia, according to cyber-security company Dragos Inc. The ...
Liberty Mutual Invests in, Partners With Autonomous Vehicle Safety Tech Startup
Liberty Mutual has taken a preemptive step to helping brokers and customers alike better understand emerging autonomous vehicle technologies, partnering with a technology firm focused on the matter. ...
AXA, W.R. Berkley Finance Startups Focused on Cybersecurity Ratings, Digital Coverage
AXA joined a $50 million financing for an information security company that rates companies' cybersecurity readiness. W.R. Berkley Corp. led a $12.5 million funding round for a startup with an ...