Insurance M&A Activity Slowed in 2022: S&P December 29, 2022 Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped...
Not Time to Celebrate Soft Market but Commercial Insurance Rates Are Stabilizing December 29, 2022 By Susanne Sclafane With last year’s 25% rate hikes for public directors and officers liability insurance dropping to 2.5%, and 150% hikes for...
Ransomware Did Not Cause Direct Physical Loss, State High Court Says December 29, 2022 By Jim Sams A business owner’s insurance policy did not provide coverage for software damaged by a ransomware attack because there was no...
Top 10 National Insurance Journal Stories of 2022 December 29, 2022 By Chad Hemenway Auto insurers have had difficulties coming out of the pandemic – when streets were relatively unpopulated. The topic was the...
Google, YouTube Content Providers Must Face U.S. Children’s Privacy Lawsuit December 29, 2022 By Jonathan Stempel A U.S. appeals court on Wednesday revived a lawsuit accusing Alphabet Inc’s Google and several other companies of violating the...
LastPass Says Hackers Stole Customer Data, Encrypted Passwords December 28, 2022 By William Turton LastPass, a password management service, announced on Thursday that hackers stole encrypted copies of customer passwords and other sensitive data...
FTX Customers File Class Action to Lay Claim to Dwindling Assets December 28, 2022 By Tom Hals and Dietrich Knauth FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried...
Allstate Commits to 2030 Net Zero Emissions Goal December 28, 2022 Allstate Corporation announced a commitment to achieve net zero emissions for direct, indirect and value-chain greenhouse gas emissions by 2030....
The SEC’s Crypto Crackdown Is Just Getting Started After FTX Blowup December 28, 2022 By Allyson Versprille The US Securities and Exchange Commission is just getting started with its crackdown on crypto firms that refuse to abide...
Southwest Cancels Thousands More Flights; U.S. Government Vows Scrutiny December 28, 2022 Southwest Airlines Co. on Dec. 27 came under fire from the U.S. government after the low-cost carrier kept canceling flights...