Monthly Archives: <span>September 2023</span>

Sandy Hook Families Who Won Suit Against Alex Jones Have Not Seen a Dime

Alex Jones` personal spending is frustrating families who are trying to collect on the $1.5 billion in judgments against him for calling the 2012 Sandy Hook elementary school shooting a hoax. The conspiracy theorist and Infowars host has been paying …

SiriusPoint Announces MGA Partnership with Nordic Marine Insurance

SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based Nordic Marine Insurance have announced a new strategic partnership. Founded in 2012, Nordic Marine is a managing general agent that provides niche insurance products to the global maritime industry and …

TikTok Fined €345M Over Handling of Children’s Data in Europe

TikTok has been fined 345 million euros ($370 million) for breaching privacy laws regarding the processing of children’s personal data in the European Union, its lead regulator in the bloc said on Friday. The Chinese-owned short-video platform, which has grown …

Britain Must Not Damage Financial Services Sector Resilience: BoE’s Woods

Easing rules to boost the post-Brexit global competitiveness of Britain’s financial sector can only be done while maintaining a resilient financial system, Bank of England Deputy Governor Sam Woods said on Tuesday. The Bank of England was given a new …

IICF’s Inaugural Philanthropic Giving Index Benchmarks 2022 Industry Grants over $1 Billion

Los Angeles (September 19, 2023) – The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, today announces the results of the benchmark IICF Philanthropic Giving Index, an independent review of philanthropic activity …

Markets/Coverages: Canopius Expands Into US Excess Casualty Market

Canopius Group, the London-based specialty re/insurer, announced the strategic expansion of its U.S. casualty business with its entry into the domestic U.S. excess casualty market on Canopius U.S. Insurance Co. paper. Canopius said the move underscores its commitment to expanding …

EU Businesses Concerned About ‘Lack of Clarity’ in China’s Data Laws

European Union businesses are concerned about China’s data laws, including their “lack of clarity” and the “long processes” that companies have to undergo, European Commission Vice President Vera Jourova said on Tuesday. In July, China expanded its counter-espionage law. It …

Hackers Who Breached Casino Giants MGM, Caesars also Hit 3 Other Firms, Okta Says

Hackers who breached casino giants MGM Resorts International and Caesars Entertainment in recent weeks also broke into the systems of three other companies in the manufacturing, retail, and technology space, a security executive familiar with the matter said. David Bradbury, …

Viewpoint: IT Asset Disposition Is Growing Cyber Security Threat for All Organizations

Cyber risk headlines are dominated by rising ransomware activity and soaring global data breach costs. The increased ransomware activity, driven largely by threat actor financial motives, has indiscriminately affected all industry segments – from large corporate clients to small to …

Product Liability Cases on the Rise: Lex Machina

Product liability cases are increasing, according to Lex Machina’s annual Product Liability Litigation Report, with 5,826 such cases in federal courts in 2022. The data analyzed by Lex Machina, a LexisNexis company, shows that “product liability cases are generally increasing …