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Many insurers are focused on ransomware risk protection even though other new vulnerabilities are emerging from remote work. Recent statistics point to a troubling increase in ransomware and phishing, web application attacks and other emerging cybercrime tactics.

Thiel invested more than $20 million in HySpecIQ LLC, the startup said. The cash will enable the Herndon, Virginia-based company to build and launch two satellites with cameras featuring advanced sensors to peer through solid objects in early 2023.

The insurer is working with an adviser on the potential divestment of non-core commercial assets in the country, the people said, asking not to be identified because the matter is private. A sale could fetch a few hundred million dollars, and may draw interest from other insurers and investment funds, the people said.

A new report, IT’s Changing Mandate in an Age of Disruption conducted by the Economist Intelligence Unit, supported by Appian, suggests that to continue with various digital transformations and increase adaptability for the future, some IT improvements must be made.

Super’s mission is to make caring for a home 100% carefree. In August, the company launched In the Clear, a program designed to help real estate agents and homebuyers during the homebuying process. In the Clear leverages a pre-sale inspection report to ensure that breakdown claims filed with Super will not be denied due to unknown pre-existing conditions.

Within the insurance industry, the personal lines sector has frequently been the pioneer in building and enhancing digital capabilities.

Truepic Inc., which helps companies like banks and insurers fight fraud by verifying images, raised $26 million in a funding round led by Microsoft Corp.’s M12 venture capital arm.

Nicholas is the Atlantic’s 14th storm in 2021. Half of the storms so far have hit the U.S., and Ida was the season’s worst, crashing into the Louisiana coastline before devastating New York with rain and floods that killed more than 40 people. On Monday, AIR Worldwide updated its projected losses from Ida, saying the storm probably caused $20 billion to $30 billion in insured losses. Earlier estimates were around $18 billion.

Drivers under 25 years old file collision and property damage liability claims less and it's likely because of crash avoidance technology, according to three separate studies from the Highway Loss Data Institute.

In other news: Ethos adds board members, new executives; One Inc partners with Mastercard on insurance payments; and Notion, a Comcast company, works with Honey Insurance in Australia.