Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows October 11, 2024 Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber...
Group of Scientists Say Climate Change Drove Helene Impacts October 11, 2024 By Don Jergler Climate change was a key driver of the devastating impacts of Hurricane Helene, a group of scientists said this week....
American Water Cyberattack Renews Focus on Protecting Critical Infrastructure October 11, 2024 By Bruce Shipkowski A cyberattack continues to affect the largest regulated water and wastewater utility company in the United States, renewing a focus...
Catastrophe Bonds Dodge Worst-Case Scenario After Milton October 10, 2024 By Gautam Naik After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted...
Balance With ‘Micro-Actions’ in Commercial Market But Milton Could Disrupt October 10, 2024 WTW characterized commercial insurance rates as balances and stable but, as Hurricane Milton approached, the broker warned of upcoming disruption....
Hurricane Milton Could Use Up P/C Insurers’ 2024 Catastrophe Budgets October 10, 2024 S&P Global Ratings said potential losses from Hurricane Milton could fully deplete the 2024 natural catastrophe budgets for rated U.S....
Flaws of the Saffir-Simpson Scale: Wind Isn’t the Only Threat in Modern Hurricanes October 10, 2024 By Zachary S. Finn The insurance industry faces significant challenges in covering catastrophic risks, especially as climate change drives more extreme weather events. With...
Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s October 10, 2024 By L.S. Howard The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a...
GSK Agrees to Settle About 80,000 Zantac Lawsuits for Up to $2.2B October 10, 2024 By Brendan Pierson GSK has agreed to pay up to $2.2 billion to settle most lawsuits in U.S. state courts claiming that a...
Marriott Settles With States for $52M Over 2018 Data Breach at Starwood October 10, 2024 By Chad Hemenway Marriott International has agreed to settle with the Federal Trade Commission and 50 state attorneys general over a series of...