Blackpoint Cyber recently revealed its new product Blackpoint RISK, cyber liability insurance for its partner companies and their clients, reported PR Newswire. The product covers cyber events such as crimes, ransomware, and attacks. The company, whose main clients are managed...
Daimler Insurance Services formed a strategic partnership with reinsurer Swiss Re to offer automotive insurance services to calculate risk. Two companies form Movinx, Berlin-based mobility insurance that will act as the managing general agent for vehicle purchase. According to the...
As the hearing for a case filed by the Insurance Council of Australia (ICA) has begun, billions of dollars are at stake if the court decides to include the COVID-19 pandemic to the application of the interruption insurance policy. The...
Ping An Insurance Group raised its stake on British lender HSBC Holdings, acquiring additional shares of 10.8 million. China’s insurer filed the investment to the Hong Kong stock exchange last Friday, Sept. 25, citing HSBC’s average price per stock of...
The Korea Insurance Development Institute (KIDI) announced on Wednesday, Sept. 16, its plans to develop an insurance product covering individuals and businesses of financial damages brought by the spread of infectious diseases. According to the agency, the product will come...
Startup insurer BIMA recently snagged $30 million in funding, which will be used to provide additional insurance and telemedicine services, said Tech Crunch. The improved services will be available on its mobile platform. The funding was obtained through a growth...
California legislature passed a mental parity bill last September 1, requiring insurance companies to cover mental conditions, addiction, along with medical care. The increase of the mental health coverage helps people to lessen out-of-pocket expenses from assessment, therapy, rehabilitation, and...
Following the closure of companies in Illinois, Chicago due to the pandemic, about 175,000 residents are expected to lose universal health coverage. An estimated 186,999 workers in the state have become unemployed since March, leaving them uninsured. Across the state,...
Denver, Colorado-based insurance software provider Vertafore is slated to be acquired by Roper Technologies for $5.35 billion. The company decision was announced on Thursday, August 13, 2020. The acquisition is reportedly the largest takeover deal in the firm’s history,...
Insurance technology firm Zego is collaborating with e-scooter company Ginger for the United Kingdom’s first trial of e-scooter rental legalization on UK roads, said Insurance Journal. The insurtech will be providing coverage for the 12-month trial. The UK government recently...

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