Ransom-Seeking Hackers Are Exploiting Flaws in Microsoft Email Software March 12, 2021 By Raphael Satter Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft’s widely used mail server software, the company...
Union Raises More Than $61K for Injured Shipyard Worker in Maine March 12, 2021 The Machinists Union is providing more than $61,000 to help a shipbuilder recover from a gruesome injury at Bath Iron...
$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley March 12, 2021 Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial...
The MEMIC Group Promotes Funk to President of the Eastern Region March 12, 2021 The MEMIC Group, a Portland, Maine-headquartered workers’ compensation insurance specialty carrier, has promoted Jeffrey Funk to the title of president...
Carrier Can’t Subrogate Against Students Who Caused Dartmouth Dormitory Fire March 12, 2021 By Jim Sams An insurer that paid $4.5 million to Dartmouth College to restore a dormitory that was damaged by fire can’t seek...
P/C Insurers Improved Profitability in Year of Coronavirus: AM Best March 12, 2021 Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase in...
Purdue Pharma’s Sacklers Increase Opioid Settlement Offer to $4.3B: Reuters March 12, 2021 By Mike Spector Members of the Sackler family who own Purdue Pharma LP have offered roughly $4.3 billion to resolve sprawling opioid litigation,...
How Dangerous Is Japan’s Fukushima Nuclear Plant After 10 Years of Cleanup? March 12, 2021 By Mari Yamaguchi OKUMA, Japan – A decade ago, a massive tsunami crashed into the Fukushima Daiichi nuclear power plant. Three of its...
China’s Ant Group Issues Financial Self-Discipline Rules on Tighter Regulatory Oversight March 12, 2021 BEIJING – China’s Ant Group flagged a set of financial self-discipline rules on Friday amid intense scrutiny on its activities...
France’s AXA Drops German Power Giant RWE as a Client over Large Coal Operations March 12, 2021 By Alastair Marsh and Vanessa Dezem AXA SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights...