SEC Updates Customer Data Hacking Rules for Wall Street May 17, 2024 By Douglas Gillison Wall Street’s top regulator on Thursday said it had updated rules to ensure investment companies and others work to detect...
People Moves: Marsh McLennan Agency Appoints Rappa Fine Arts and Specie Leader May 17, 2024 Marsh McLennan Agency, headquartered in New York, appointed Anne Rappa to the newly created position of fine arts and specie...
Auto Insurance Shopping ‘Hot,’ Consumers Switching ‘Sizzling’: LexisNexis May 17, 2024 Shoppers in the U.S. aren’t ready to accept higher auto insurance rates, choosing to shop around for the best deal...
Sony Music Warns Companies to Stop Training AI on Its Artists’ Content May 17, 2024 By Lucas Shaw Sony Music Group, one of the world’s biggest record labels, warned artificial intelligence companies and music streaming platforms not to...
Greater Chance of Major Hurricane on East Coast This Year, Less in Gulf, Scientist Says May 17, 2024 By William Rabb Multiple computer models from forecasting organizations across the globe have predicted a very active hurricane season starting next month, spelling...
Ransomware Frequency Up 64% on Remote Access Tools, Says At-Bay May 16, 2024 A 64% jump in ransomware claims in 2023 is driven by an explosion in “indirect” ransomware incidents, up over 415%...
Fed’s Powell Downplays Potential for a Rate Hike Despite Higher Price Pressures May 16, 2024 By Christopher Rugaber Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in...
Patents for Sale? State Farm Reveals Website of Inventions May 16, 2024 State Farm announced that it has launched a new website to showcase some of its patented technology, and making it...
Overall US P/C Combined Ratio Improves in 2023 but Trouble Spots Remain: S&P May 16, 2024 The U.S. property/casualty industry’s net combined ratio improved in 2023 to 101.7 from 102.5 the prior year, according to S&P...
People Moves: Front Street Re Appoints Fong as CEO; Carmichael Beazley’s New Head of US Cyber May 16, 2024 Front Street Re, an operating subsidiary of Lexasure Financial Group Limited headquartered in Georgetown, Cayman Islands, appointed Edison Fong as...