Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Taiwan Semiconductor Manufacturing Company and Joe Biden’s administration have finalised more than $11bn in grants and loans to support the company’s US chipmaking plans, as the White House pushes to distribute subsidies before … Read more
Earlier this year, White Mountains committed up to $30 million in capital for a Bermuda-based collateralized reinsurance structure that provides sidecar-like support to its California homeowners managing general agent (MGA) Bamboo.Back in 2020, White Mountains Insurance Group entered into an agreement to acquire a majority stake in Bamboo, an MGA platform and provider of homeowners’ … Read more
The Environmental Protection Agency’s (EPAs) Office of Inspector General (OIG) on Nov. 13 reported that 97 drinking water systems serving about 26.6 million Americans around the country have either “critical or high-risk” cybersecurity vulnerabilities. While attempting to notify the EPA about the cybersecurity vulnerabilities, the OIG found that the EPA does not have an incident … Read more
IT service management (ITSM) tools and practices transformed the tech side of the enterprise by automating service and support operations, along with adding employee self-service options. The combination was so effective that organizations are applying the principles to the entire organization in the form of enterprise service management (ESM), allowing departments such as human resources … Read more
As the insurance industry continues to navigate the pace of change, complexity and uncertainty in our world, consumers continue to respond, expecting companies to be more responsive to their needs. This year’s underwriting predictions offer guidance on how carriers can respond faster. 1. Evolving cognitive technologies will help insurers capture opportunity from more discrete market … Read more
