Nationwide: Gap Between Agents, Commercial Clients View of Severe Weather November 20, 2023 By Allen Laman A Nationwide study has found that independent insurance agents believe many of their commercial clients don’t have adequate coverage to...
Ransomware Gang LockBit Revises Its Tactics to Get More Blackmail Money November 20, 2023 By Jamie Tarabay LockBit, the prolific ransomware gang that has launched attacks recently on Boeing Co. and Industrial Commercial Bank of China Ltd.,...
Bayer Ordered to Pay $1.56B in Latest Trial Loss Over Roundup Weedkiller November 20, 2023 By Tom Hals A Missouri jury ordered Bayer to pay $1.56 billion to four plaintiffs who claimed the company’s Roundup weedkiller caused injuries...
FBI Warns on Scattered Spider Hackers, Urges Victims to Come Forward November 17, 2023 By Zeba Siddiqui The FBI warned organizations to guard against the Scattered Spider hacking group, which has breached dozens of American organizations over...
Amwins Completes $1 Billion Recapitalization Transaction November 17, 2023 Wholesale broker Amwins Group, Inc. said it completed a $1 billion recapitalization transaction with its existing shareholder group. Dragoneer Investment...
What to Expect: ‘No Material or Sudden Changes’ in Commercial Insurance Pricing November 17, 2023 Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn’t expecting any major changes...
J&J Settles First Talc Cases to Go to Trial After Failed Bankruptcies November 17, 2023 By Brendan Pierson Johnson & Johnson on Thursday said it has settled two lawsuits claiming its talc products caused cancer, the first such...
Hyundai, Kia Must Face Insurers’ Lawsuits Over Vehicle Thefts November 17, 2023 By Jonathan Stempel A U.S. judge rejected bids by Hyundai and Kia to dismiss litigation by several hundred insurers seeking to recoup more...
Fortune 500 Vulnerabilities to Third-Party Cloud Risk Could Result in $20B Loss November 17, 2023 New research indicates members of the Fortune 500 could suffer direct financial losses in excess of $20 billion due to...
US Climate Report Shows Rising Temps, Greenhouse Gas Emissions Headed Down November 17, 2023 By Don Jergler A new national climate report that shows temperatures rapidly rising, but it also has some good news for the U.S....