US Severe Storms Continue to Drive Global Natural Disaster Losses: Gallagher Re July 22, 2024 By L.S. Howard US severe convective storms (SCS) continued to drive global natural catastrophe losses during the first half of 2024. Of the...
Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage July 22, 2024 By Chad Hemenway Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley...
What Role Does Insurance Play in a Politically Charged Climate? July 22, 2024 By Elizabeth Blosfield Law enforcement officials are continuing to investigate a July 13 shooting at a Butler, Pa. rally for former President Donald...
Microsoft: About 8.5M of Its Devices Affected by CrowdStrike-Related Outage July 22, 2024 A global tech outage that was related to a software update by cybersecurity firm CrowdStrike affected nearly 8.5 million Microsoft...
Stellantis Recalls 24,000 Chrysler Minivans for Fire Risks, Urges Outdoor Parking July 22, 2024 By David Shepardson Stellantis on Thursday recalled about 24,000 ChryslerPacifica plug-in hybrid minivans worldwide because of fire risks, and urged owners to park...
Two Russian Men Plead Guilty in LockBit Ransomware Attacks July 22, 2024 By David Voreacos Two Russian nationals pleaded guilty to their roles in ransomware attacks in the US, Asia, Europe and Africa for a...
Insurers Face Business Interruption Claims After Global Tech Outage July 22, 2024 Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance...
Global IT Crash That Blocked 911 Calls and Grounded Planes Eases July 19, 2024 By Amy Thomson, Shona Ghosh and Vlad Savov In what will go down as the most spectacular IT failure the world has ever seen, a botched software update...
Insurance Broker TWFG’s Shares Rise Nearly 30% in Market Debut July 19, 2024 Insurance broker TWFG’s shares gained nearly 30% in their Nasdaq debut on Thursday, signaling strong investor demand for new stocks...
Travelers Reverses Q2 Income Loss, Narrows Underwriting Loss July 19, 2024 The Travelers Companies, Inc. reported second quarter net income of $534 million, compared to a loss of $14 million during...