Verisk said today it has acquired Nasdaq subsidiary Simplitium Limited, the owner and operator Nasdaq Risk Modelling for Catastrophes (NRMC). NRMC is a software-as-a-service platform that supports an open ecosystem where specialized model partners make models, hazard data, and analytics …
Verisk Buy of Nasdaq Subsidiary Gains Access to Hundreds of Catastrophe Models Read More »
A man accused of setting fire to Tesla vehicles in Las Vegas will remain jailed until his trial on federal charges of arson and possessing an explosive device, a judge ruled Monday. U.S. Magistrate Judge Elayna Youchah concluded no pretrial …
Las Vegas Telsa Arson Suspect to Remain Jailed Until Trial Read More »
While Allstate’s CEO Tom Wilson named GEICO and Progressive when asked about the ability to grow auto insurance in 2025 as competitors do the same, no one on Allstate or Progressive’s earning calls addressed competition from Lemonade. The insurtech recently …
Lemonade: 700K Customers on the Car Insurance Waitlist Read More »
Macy’s Inc. is clawing back more than $600,000 in cash bonuses from executives after an accounting scandal led to inflated pay. The department-store operator tied executives’ cash bonuses to an earnings metric that turned out to be overstated by around …
Macy’s to Claw Back Executive Bonuses Due to Accounting Scandal Read More »
Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both an opportunity and a responsibility …
Small Businesses Continue to Be Underserved by Cyber Insurers: CyberCube Read More »
NEW YORK (AP) — A woman is facing multiple charges after she crashed into a family out for a walk in Brooklyn, killing a mother and her two children in what New York City Mayor Eric Adams described as a …
Suspended Driver Facing Multiple Charges in Brooklyn Crash that Killed Mom, Kids Read More »
The UK government will pass legislation compelling companies providing IT services to critical national infrastructure to improve their cyber defenses after a wave of attacks by Russia, China, Iran and North Korea. As many as 1,000 firms will fall under …
UK to Compel 1,000 Firms to Shore Up Cyber Defenses After Hacks Read More »
North Korean IT workers are increasingly posing as remote freelancers from other countries to infiltrate companies in Europe, putting organizations at risk of espionage, data theft and disruption. The workers, who refer to themselves as “warriors,” secure roles at companies …
North Korean IT Warriors Increasingly Target Europe, Google Says Read More »
Swiss financial market watchdog FINMA has revamped its organizational structure with immediate effect, the regulator said on Tuesday, as it gears up for future challenges including supervision of the enlarged UBS. Switzerland has pledged to step up regulation of the …
Swiss Market Regulator FINMA Restructures; Head of Insurance Division to Step Down Read More »
The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain’s financial industry billions of pounds in fresh legal costs and potential customer compensation. The Court of Appeal ruled in October …
Is Britain on the Cusp of Another Multibillion-Pound Consumer Finance Scandal? Read More »
