A pair of veteran cybersecurity researchers have shown they can use the Internet to turn off a car’s engine as it drives, sharply escalating the stakes in the debate about the safety of increasingly connected cars and trucks. Former National …
The article Staged Hacking Shows Vulnerability of Connected Vehicles appeared first on Insurance Journal.
A three-hour shutdown of the New York Stock Exchange on the same day that a network failure halted all United Airlines flights in the U.S. had people across the country thinking one thing: cyber-attack. It wasn’t, but the July 8 …
The article How AIG Is Using Cyber Intelligence to Insure Property, Infrastructure Damaged by Hackers appeared first on Insurance Journal.
For Travelers Cos.’ dealmaking Chief Executive Officer Jay Fishman, sometimes it’s OK to let one get away. Fishman said Tuesday that he opted against buying Chubb Corp., which agreed to be purchased by Ace Ltd. for more than $28 billion. …
The article Travelers Decided to Pass on Buying Chubb: Fishman appeared first on Insurance Journal.
A coordinated, international approach to the regulation of aviation drones is essential for the technology to thrive, said the International Underwriting Association (IUA), which represents wholesale re/insurance companies in the London market. As a result of rapidly growing interest in …
The article London’s IUA Supports Coordinated, International Approach to Drone Regulation appeared first on Insurance Journal.
A simulated city opened Monday on the north campus of the University of Michigan to test how self-driving cars will travel in the future without mowing down pedestrians or causing colossal crashes. “We had the faculty here at the university …
The article M City: Where All Cars Are Driverless appeared first on Insurance Journal.
Allied World Assurance Company Holdings, AG announced that Michael Garrison has been appointed Senior Vice President of Asia-Pacific for Allied World Global Markets. He will report to Julian James, President of Allied World Global Markets, and will relocate to Singapore …
The article Allied World Global Markets Appoints Garrison Senior VP, Asia-Pacific appeared first on Insurance Journal.
Utica First Insurance Company in Oriskany, New York, notified its independent agency partners last week that the company will withdraw from the Write Your Own (WYO) Program, a cooperative undertaking of the insurance industry and the Federal Emergency Management Agency’s …
The article New York’s Utica First to Withdraw From WYO Flood Insurance Program appeared first on Insurance Journal.
Paris-based AXA has entered into exclusive negotiation with Genworth Financial to acquire 100 percent of Genworth Lifestyle Protection Insurance (Genworth LPI), for a total cash consideration of 475 million euros. Genworth LPI is the seventh largest creditor insurance player in …
The article AXA Enters Exclusive Negotiations to Buy Genworth Lifestyle Protection Insurance appeared first on Insurance Journal.
AXIS Capital Holdings Ltd. and PartnerRe Ltd. halted preparations for their planned merger after PartnerRe said it is seeking to negotiate with hostile bidder EXOR SpA. “As a result of this latest news, we have decided to suspend all integration-related work and activities,” AXIS …
The article AXIS CEO Halts Merger Activities as PartnerRe Seeks to Negotiate with EXOR appeared first on Insurance Journal.
Liberty International Underwriters (LIU), a part of Liberty Mutual Insurance, has appointed Jane McCarthy as global senior vice president of its Global Crisis Management unit which includes kidnap, ransom and extortion; contaminated products; and product recall coverage worldwide. Based in …
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