Yahoo Security Breach May Be Largest Ever

Yahoo (YHOO, Tech30) confirmed on Thursday data "associated with at least 500 million user accounts" have been stolen in what may be one of the largest cybersecurity breaches ever.
September 23, 2016 Liability Technology

Yahoo Will Reveal ‘Massive’ Loss Of User Data, Recode Says

Yahoo! Inc. is preparing to disclose a “massive” data breach of its main service, Recode reported, just as Verizon Communications Inc. prepares to take over the ailing internet company’s core assets.
September 22, 2016 Liability Technology

Insurtech Companies Will Take Insurance Into The Digital Age

Navigating the ongoing digital transformation in insurance is like building with Lego blocks, according to Silicon Valley Insurance Accelerator CEO Mike Connor. Connor delivered his remarks at the Strategy Meets Action Summit in Boston this week.
September 21, 2016 Technology

Peer-to-Peer Insurer Lemonade Launches In New York

Lemonade, the insurance startup that launched in January aiming to "Uberize" insurance, will begin selling policies soon in its home state of New York.
September 21, 2016 Property Technology New York

California Permits Baidu To Test Autonomous Cars

China-based internet company Baidu has received a permit to test its self-driving cars in California from the state’s Department of Motor Vehicles, as the race to introduce driverless automobiles accelerates.
September 16, 2016 Auto Technology California

13 Emerging Techs: How Insurers Are Progressing

There are several different ways to categorize the emerging technologies that are impacting the insurance industry, according to SMA partner Mark Breading.
September 16, 2016 Risk Management Technology

Google Seeks Insurance Partners

Google is looking to establish partnerships between insurance companies and some of its businesses, including Nest, which makes smart thermostats and smoke detectors, the managing director of its French division said.
September 15, 2016 Risk Management Technology

Chinese Man Blames Tesla Autopilot Function For Son’s Crash

A Chinese man suing Tesla Motors Inc (TSLA.O) after his son was killed while driving one of the U.S. car makers’ vehicles argues that the responsiveness of the car’s "autopilot" function was responsible for the accident, his lawyer said.
September 15, 2016 Auto Liability Litigation Technology

Uber Launches Self-Driving Pilot Program In Pittsburgh

When Pittsburgh wakes up on Wednesday morning, some residents will have the choice of going about their day in an Uber that drives itself. The launch of Uber’s self-driving pilot program marks the public unveiling of the company’s secretive work in autonomous vehicles and the first time self-driving cars have been so freely available to the U.S. public.
September 14, 2016 Auto Technology Pennsylvania

One In Three Americans Hacked In The Past Year

More than one-third of U.S. consumers experienced a computer virus, hacking incident or other cyber attack in the past 12 months, a survey by Zogby Analytics for The Hartford Steam Boiler Inspection and Insurance Company (HSB) reported today, and young adults 18-24 were the most likely victims.
September 13, 2016 Liability Technology

Self-Driving Volvo Will Be On Swedish Roads By 2017

The first vehicle in Volvo’s ambitious self-driving car program left the assembly line and is ready for testing by the public, the company said. Built in the Torslanda, Sweden, plant, the Volvo XC90 models will be placed in the hands of the Swedish drivers in 2017, and later with drivers in London and in China.
September 13, 2016 Auto Technology

Autonomous Vehicles May Cut Insurance Premiums 40% By 2050

Premiums for U.S. auto insurers may drop more than 40 percent once the use of automated vehicles has been fully adopted by 2050 and driving becomes safer, according to insurance broker Aon Plc.
September 13, 2016 Auto Excess & Surplus Lines Technology

Developing Solar Industry Faces Risk Mitigation Challenges

The impact of extreme weather conditions on the global solar PV industry has contributed to an 87% increase in the average severity of claims over the past five years, renewables underwriter GCube revealed.
September 13, 2016 Excess & Surplus Lines Technology

Thermal Imaging Drones Will Soon Assist New York City Firefighters

The drone hovered over the clearing in the wooded park on Staten Island, the thin cord that tethered it to the ground unspooling enough for it to fly above the trees. Michael Wall, a New York City firefighter, stood on the ground below, operating the drone from a portable command center of sorts, with controls and a monitor housed in a mustard-colored case.
September 13, 2016 Property Technology New York

FAA Urges Passengers to Not Use Samsung Galaxy Note 7 on Planes

U.S. air-safety regulators have taken the unusual step of singling out Samsung Electronics Co.’s Galaxy Note 7 smartphone as a potential airborne fire hazard, urging passengers to avoid using the devices entirely on board airliners, dealing another blow to the technology giant’s smartphone recovery efforts.
September 9, 2016 Excess & Surplus Lines Legislation & Regulation Liability Technology
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