A major government report on cybersecurity that warns the nation is seriously underprepared for cyber attacks calls for the creation of a federally-funded center to develop cybersecurity insurance certifications and a public-private partnership on cyber risk models. The report, “A …
As the coronavirus and its COVID-19 disease spread, Insurance professionals going to industry conferences over the next few weeks and months could find themselves having their temperature taken at the door and being told not to shake hands with fellow …
The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most of the busiest buyers are private equity …
Intuit, the maker of TurboTax, QuickBooks and Mint, has agreed to acquire Credit Karma, the consumer technology platform, for approximately $7.1 billion in cash and stock. The combination brings together two technology leaders focused on personal and small business owner …
In his firm’s annual report released this weekend, Berkshire Hathaway CEO Warren Buffett included a side note on one of the companies his conglomerate bought in 2011 for $9 billion, a company called Lubrizol. Lubrizol is an Ohio-based global specialty …
The culture at technology startups like Uber, Airbnb and PayPal is all about risk-taking. They start by offering a unique, untested or reimagined product or service or by disrupting an industry’s established production, distribution or sales methods. To succeed long-term, …
Digital Buys Getting Some Attention; Buyers Getting Bigger; Prices Going Higher; Eyes on Digital The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals …
Rice University engineers have created a deep learning computer system that taught itself to accurately predict extreme weather events, like heat waves, up to five days in advance using minimal information about current weather conditions. Ironically, Rice’s self-learning “capsule neural …
In what the plaintiffs’ lawyers are calling the largest cash settlement ever resolving a privacy related lawsuit, Facebook has agreed to establish a fund of $550 million to pay Facebook users in Illinois claiming the social media giant’s facial recognition …
President Donald Trump and Chinese Vice Premier Liu He signed an economic and trade agreement that promises to increase the agricultural and other goods and services China will buy from the U.S. by $200 billion. For its part, the U.S. …
