Insurance

Uber Invests Heavily in New York's Insurance Reform Initiative

1 month ago

In a significant move aimed at bolstering insurance reforms for rideshare drivers, Uber has committed to an extensive advertising campaign, spending six figures in what appears to be a strategic effort to influence legislation in New York. This initiative comes at a time when the ridesharing giant faces increasing pressure from various quarters, including regulators and the public, to enhance safety measures and protect its drivers.

Revolutionary Smartwatches Set to Transform Life Insurance Industry by Measuring Mortality Risks

3 months ago

In a groundbreaking development, the insurance sector is now harnessing the power of smartwatches to assess mortality risks, marking a significant evolution in the way life insurance policies are underwritten. This innovative technology allows insurers to obtain real-time health data from wearable devices, providing a more comprehensive understanding of an individual's health and lifestyle choices.

New York City Overhauls Taxi Insurance Regulations, Removing Solvent Requirement

4 months ago

In a significant shift aimed at modernizing the taxi industry, New York City has decided to eliminate the longstanding solvent requirement from its taxi insurance regulations. This pivotal change is part of a broader effort to address the financial burdens faced by taxi operators and enhance their operational viability amidst a dramatically evolving transportation landscape.

Uber Raises Alarm Over NYC's Handling of Insolvent Insurer, Posing Risks for Drivers

5 months ago

Uber Technologies Inc. has expressed significant concerns regarding New York City’s approach to dealing with an insolvent insurance provider that has critical implications for its drivers. The rideshare giant emphasized that the city's response to this situation could endanger the livelihoods of its independent contractor drivers who rely on adequate insurance coverage for their work.

A Danish CEO's Lessons from a Ransomware Bankruptcy

8 months ago

That is quite vivid in the story that a world increasingly vulnerable to cyberattacks gets from a sobering account provided by a Danish CEO-an insight into devastating consequences that come with ransomware. The effect, as the story points out, is cataclysmic on the business ecosystem, thus serving as a clarion call for companies across the globe to shore up their cybersecurity measures.