White House to Push Cybersecurity Standards on Hospitals May 10, 2024 By Katrina Manson and Jake Bleiberg The Biden administration intends to require hospitals to meet minimum cybersecurity standards after a single hack exposed the data of...
China Construction Bank Sued in US Over Reinsurance Fraud Losses May 10, 2024 By Robert Burnson China Construction Bank Corp., the nation’s third-largest commercial lender, was accused in a US lawsuit of enabling a massive fraud...
Markets/Coverages: FloodFlash Launches New Parametric Auto Dealer Program May 10, 2024 FloodFlash has added a dealer program in its efforts to support more U.S. businesses ahead of a hurricane season that...
Liberty Mutual Posts $1.5B Net Income for Q1, Reversing Loss May 10, 2024 Liberty Mutual Holding Company on Thursday reported first quarter 2024 net income of $1.5 billion compared to loss of $74...
Nuclear Verdicts Surge to $14.5 Billion in 2023 – Report May 10, 2024 By Ezra Amacher Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were “thermonuclear,” or more...
Personal Auto Insurers Have Edge on Innovation: AM Best May 10, 2024 After two years of challenges for personal auto insurers, rating agency AM Best delivered a positive assessment: U.S. personal auto...
What Risks Do Advanced AI Models Pose in the Wrong Hands? May 10, 2024 By Alexandra Alper The Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China...
Hospital Operator Ascension Warns of Suspected Cyberattack; Operations Disrupted May 9, 2024 Hospital operator Ascension reported disruptions to its clinical operations on Wednesday due to a suspected cybersecurity incident and advised business...
Progressive Set to ‘Maximize’ Growth, Building on Q1 May 9, 2024 By Susanne Sclafane When Progressive’s chief executive officer weighed the words that should go into the management discussion section of the company’s first-quarter...
Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure May 9, 2024 Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to...