Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best February 1, 2024 The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and...
Bayer’s Billions in Roundup Verdicts Increase Pressure for New Legal Strategy January 31, 2024 By Jef Feeley and Tim Loh Bayer AG faces mounting pressure to come up with a new plan for handling its Roundup weedkiller litigation after getting...
US Disabled Chinese Hacking Network Targeting Critical Infrastructure, Sources Say January 31, 2024 By Christopher Bing and Karen Freifeld The U.S. government in recent months launched an operation to fight a pervasive Chinese hacking operation that successfully compromised thousands...
SEC’s SPAC Rules Set to Limit Rosy Projections That Fueled Mania January 31, 2024 By Bailey Lipschultz At the height of the SPAC boom, liberated startups capitalized on the ability to tout lofty goals about the years...
Appeals Court Rules Insurers Not Obligated to Defend Opioid Distributor McKesson January 31, 2024 By Chad Hemenway The role drug distributor McKesson Corp. had in the opioid crisis was no accident, meaning the company is not entitled...
Global Ransomware Attacks Reach Record High in 2023, Says Corvus January 31, 2024 Despite law enforcement actions, fourth quarter 2023 ransomware incidents still surpassed 2022 by nearly 70%, and the number of active...
Viewpoint: How Corporate Help Desks Became the Weak Spot in Cyber Defenses January 31, 2024 By Jason Rebholz The cyberattack on MGM Resorts in September 2023 provides a vivid example of the effects these types of attacks can...
Record Q4 at Chubb Ends Historic, ‘Blowout Year’ January 31, 2024 By Chad Hemenway Record fourth quarter 2023 net income of $3.3 billion, a huge increase over net income of about $1.3 billion during...
Aviation Sector Sees No Quick Tech Solution to GPS ‘Spoofing’ Interference Problem January 30, 2024 By Joanna Plucinska Global regulators, aviation security specialists and manufacturers failed to reach an agreement on a quick technical fix to the problem...
Microsoft Warns Other Firms of Russian-Sponsored Group in Email Hacking January 30, 2024 By Margi Murphy and Jamie Tarabay Microsoft Corp. said an account that was compromised by Russia-linked hackers, resulting in a hack of some company emails including...