News

Recoop Insurance Vows Quick Cash to Homeowners, Renters Hit by Natural Disasters

Homeowners in 37 states now have access to a parametric-like multi-peril disaster insurance product designed to deliver quick cash in the wake of a natural disaster. The product, Recoop Disaster Insurance, pays out a lump-sum cash benefit from $5,000 up …

What Are the Economic Stakes of Climate Change?

COP26 climate talks in Glasgow starting next Sunday may be the world’s best last chance to cap global warming at the 1.5-2 degrees Celsius upper limit set out in the 2015 Paris Agreement. The stakes for the planet are huge …

DNA Testing Firm 23andMe to Expand Into Telehealth With Lemonaid Acquisition

Direct-to-consumer DNA testing firm 23andMe Holding Co. said on Friday it would buy privately held company Lemonaid Health Inc. for $400 million in a cash-and-stock deal, as it looks to expand into telemedicine. Lemonaid Health offers patients direct online access …

Greenhouse Gas Levels Hit Record in 2021 as World Fails to Cap Rising Temperatures

GENEVA/GLASGOW – Greenhouse gas concentrations hit a record last year and the world is “way off track” on capping rising temperatures, the United Nations said on Monday, showing the task facing climate talks in Glasgow aimed at averting dangerous levels …

SEC Eyes Clawbacks of Executives’ Pay in Cases of Misconduct

The new Democratic leadership of the U.S. securities watchdog has a message for Corporate America’s highly paid executives: if your company screws up, your pay is at risk. Clawing back compensation is shaping up to be a key part of …

Citing Software Issues, Tesla Pulls Latest Full Self-Driving Beta

U.S. electric car maker Tesla Inc. on Sunday rolled back the latest version of its Full Self-Driving (FSD) beta software, less than a day after its release, after users complained of false collision warnings and other issues. The setback comes …

Hundreds of U.S. Networks Targeted by Russian Cyber Attack, Microsoft Says

The Russian-based agency behind last year’s massive SolarWinds cyberattack has targeted hundreds more companies and organizations in its latest wave of attacks on U.S.-based computer systems, Microsoft said in a blog post. Microsoft, in a blog post dated Oct. 24, …

Swiss Re-Backed Getsafe Gets German Insurance License, Permitting Europe Expansion

Digital insurer Getsafe has received its insurance license from Germany’s financial regulator, BaFin. The license will allow Getsafe to accelerate its expansion to the rest of Europe. “The license is a significant milestone – especially when considering that the German …

NTSB: Driver was Behind Wheel When Tesla Crashed Near Houston, Killing Two

A driver was behind the wheel when a Tesla electric car crashed and burned last April near Houston, killing two men, neither of whom was found in the driver’s seat. The U.S. National Transportation Safety Board announced the findings in …

Berkley One Moves into Tennessee, D.C., Indiana

Berkley One has expanded its personal lines business to Tennessee, Indiana and the District of Columbia. Berkley One collector vehicle coverage is also launching in Idaho, Oregon and Washington, the company said in a news release. In Tennessee and D.C., …

News Archives by Month