Data and information management

In other news: Breeze's new hire; Guidewire acquires HazardHub; New York Life partners with Empathy.

Chief executives from across the business world are set to join President Joe Biden for a discussion Wednesday on how industry and the federal government can partner to improve cybersecurity in the face of debilitating ransomware and cyberattacks.

Consumers still trust established traditional insurance companies over newer insurtech startups. A majority of respondents said they would prefer to buy a policy from companies like AIG over startups like Lemonade.

With cyberattacks on the rise and demand for coverage surging, the $3 billion industry of protecting companies against hackers is at an inflection point.

More homes that had been excluded due to wildfire risk are insurable with more granular data, company says.

The Consumer Federation of America advises insurers to take certain steps to ensure policyholders who opt for usage-based insurance are protected.

Ramnik Bajaj is the company's new SVP and chief data and analytics officer.

A trove of company data was stolen, and CNA officials were locked out of their network, according to sources.

As this happens and expense ratios are driven down, only those carriers which can fully utilize analytics and data-augmented decision making in their underwriting process will be able to price effectively in the market.

Also: New data hire at Amerilife, European expansion at Insurify.