Economy

Digital Insurance reached out to insurance professionals about cyber risk trends.

Apollo and other alternative asset managers are vying for executives with connections to the world's biggest fortunes.

Tim Francis, enterprise cyber lead at Travelers, spoke with Digital Insurance about cybersecurity and steps businesses can take to reduce potential exposures.

As insurers start to pull out from markets battered by the fallout of climate change, governments are increasingly at risk of having to foot the bill, according to the Bank for International Settlements.

The unit will pay $48 million to consumers and $12 million to a victims' relief fund.

With personal auto insurance rates increasing across the country, drivers are seeking ways to manage costs for mandatory insurance.

Insurers can help companies to develop risk management plans, conduct compliance audits, and provide training on relevant regulations.

Pay-as-you-go insurtech currently focused on the restaurant industry.

Climate change is driving an increasing reliance on electric vehicles and the means to charge them.

Leveraging telematics can improve risk assessments, streamline operations and improve fleet safety.

For the fifth year in a row, The Hartford ranked first in the small commercial insurance scorecard. Progressive ranked second. Nationwide ranked third.

The cost of a data breach has risen 15% over the last 3 years, and ransomware costs have jumped 13% in the last year.

CSAA Insurance Group will use the Arity IQ Network, which uses driving behavior data to quote auto insurance policies.

While only 48% of startups believe they are likely to face a data breach or ransomware attack, the actual number affected is much higher.

Warren Buffett's Berkshire Hathaway faces accusations it violated the terms of a more than $10 billion acquisition of truck-stop-chain Pilot Travel Centers by changing the accounting methods used to value part of the deal, according to an unsealed lawsuit.

Spot cargo trucking insurance start-up adds partnerships, expanding its distribution and embedding in the markets where truckers book their freight assignments.

Advanced driver assistance systems (ADAS) decrease risky behaviors, such as distracted driving and speeding, reducing auto claims.

It's averaged about $500 billion a year since 2016. That's equal to about 2% of US gross domestic product, according to Bloomberg Intelligence senior ESG climate analyst Andrew John Stevenson.

The county of Maui and families of victims have sued the utility, alleging that its downed power lines were responsible for the conflagration. Hawaiian Electric has denied wrongdoing.

CCC has been working with an adviser to explore a potential sale and other possible buyers have been circling, said the people, who asked not to be identified because the details are private.