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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. As these incidents grow in sophistication, they exploit vulnerabilities in security systems, often outpacing the ability of organizations to respond effectively. Let's find out.

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Is Cyber Liability Insurance Sufficient Coverage for All Cyber Risks?

SecureWorld News

Cyber liability and crime insurance are like a safety net for businesses, but they're not perfect. Third, cyber risks are constantly evolving, and insurance companies may not be able to keep up. New threats are emerging all the time, and it can take time for insurance companies to update their policies.

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Porch completes $100M Homeowners of America acquisition, doubling down on insurance market

GeekWire

Porch says it will use the acquisition to build its national footprint in the home insurance market. Porch cut its net loss in half in 2020, to $51.6 Porch then uses that access to connect homebuyers to movers, insurance agents, home security firms, TV/internet companies and other service providers, making money on transaction fees.

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Porch Group announces two more acquisitions for a total of more than $94 million

GeekWire

million; and a deal to acquire California-based CSE Insurance for $48.6 million in cash, subject to approval by the California Department of Insurance. for a total of $35 million; and Irving, Texas-based insurance company Homeowners of America for $100 million in cash and stock. Its quarterly net loss widened to $16.3

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Porch makes $35M acquisition; reshuffles board; revenue up 200%; loss grows; PPP loan forgiven

GeekWire

Its quarterly net loss widened to $16.3 Other deals this year include the acquisition of Irving, Texas-based insurance company Homeowners of America for $100 million in cash and stock, expanding Porch’s footprint in the insurance tech market. million, exceeding analysts’ expectations. million, vs. a loss of $6.3

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A hedge fund billionaire outbid crypto investors for a rare copy of the US Constitution

The Verge

Finally, ConstitutionDAO threw in the towel, telling supporters they wouldn’t have had enough remaining money to “insure, store, and transport the document.”. Citadel is one of the largest hedge funds in the world, and Forbes ranks him fourth on their list of wealthiest hedge fund managers, with a net worth of $16.1

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Porch Group makes unusual promise in latest acquisition — guaranteeing its stock will double

GeekWire

Big deals have become almost run-of-the-mill for Seattle-based home services tech company Porch Group , which has been acquiring an array of companies in areas such as home inspections, moving, real estate, and insurance. ” The net impact, he said, is “less dilution and more value for our shareholders.”.

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