Congress Wants Answers on a ‘Significant’ Cyberattack on Courts August 1, 2022 By Katrina Manson Three hostile foreign actors breached the federal courts document management system via “an incredibly significant and sophisticated” cyberattack more than...
Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh August 1, 2022 Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing...
Boy Scouts Must Change $2.7 Billion Sex Abuse Fund, Judge Rules August 1, 2022 By Steven Church The Boy Scouts of America must adjust their plan to create the biggest sexual abuse compensation fund in the U.S....
FDIC Urges Banks to Police Misleading Crypto Claims on Deposit Insurance August 1, 2022 By Pete Schroeder A U.S. banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which...
Elon Musk Files Countersuit Under Seal Versus Twitter Over $44 Billion Deal August 1, 2022 By Tom Hals Elon Musk countersued Twitter Inc. on Friday, escalating his legal fight against the social media company over his bid to...
Lemonade Lays Off Some Metromile Employees Immediately August 1, 2022 By Chad Hemenway Immediately after Lemonade closed its deal of Metromile July 28, job boards lit up with news of layoffs at the...
Twitter’s Battle With Elon Musk Over $44 Billion Deal Heads to Oct. 17 Trial July 29, 2022 By Tom Hals Twitter’s bid to hold Elon Musk to his $44 billion deal for the social media platform will head to a...
People Moves: AXA XL New Heads of E&S Property, Middle-Market; Aon Chief Innovation Hire July 29, 2022 AXA XL promotes Chris Lee to Head of E&S property; Mathew Waters to Lead Middle Market AXA XL has promoted...
Biden EPA to Tackle Coal Industry Carbon With Rules on Other Pollutants July 29, 2022 By Valerie Volcovici The U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help...
U.S. Crop Writers Post Record Premium Growth on Commodity Prices, Innovation: AM Best July 29, 2022 Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an...