Email security company Abnormal Security Corp. has raised $210 million in a Series C funding round led by Insight Partners. Based in San Francisco, Abnormal uses machine learning and other forms of artificial intelligence to detect potential cyberattacks launched through cloud-based email systems such as… Read More »Abnormal Security Raises $210 Million in Series C Funding Round
Since the 2008 financial crisis tarnished big Wall Street banks and brokers, the ranks of independent wealth advisers have grown faster than other categories. Enhancing their appeal has been a standard known as the fiduciary rule, which legally requires such advisers to put client interests… Read More »Is Your Wealth Adviser Independent? Sometimes, It Isn’t Easy to Tell
CONTEMPLATING A VACATION in the era of Covid inevitably involves a slew of “what ifs” that could force you to cancel and potentially lose the money you put down. Most travel experts recommend insuring any trip that costs more than a few thousand dollars. From… Read More »Do I Need Travel Insurance?
Allstate Corp. ALL 3.01% reported a 61% decline in its closely watched adjusted net income compared with last year, as the US car-insurance industry grapples with growing accident volumes and sharply higher claims costs. Another of the biggest and best-known publicly traded insurers, MetLife Inc..… Read More »Allstate Profit Weakens as Accidents, Claim Costs Increase
Going separate ways can leave people wondering what might have been. But it may still be for the best. Last year, insurance giant American International Group AIG 7.41% sold a stake in its life-and-retirement unit to Blackstone, and it aims to take that business public… Read More »The Time Is Still Right For AIG to Break Up
Global insurance conglomerate American International Group inc. AIG 0.80% posted strong gains in first-quarter profit, benefiting from reduced catastrophe losses, growth in new business and premium-rate increases. Another of the nation’s biggest publicly traded insurers, Prudential Financial Inc., TRU 1.22% swung to a $31 million… Read More »AIG Boosts Profit as Catastrophe Losses Narrow, Premiums Are Increased
Many insurers are increasing premiums by 6% to 8% while some are asking for double-digit increases, according to industry executives and analysts. The rising rates are an example of inflation leading to more price increases as businesses try to compensate for higher costs. After having… Read More »Car Insurers Rush to Raise Rates as Inflation Takes a Toll