AM Best: Current D&O Market Rates Could Prove Inadequate May 17, 2023 By Chad Hemenway Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the...
BP Unit to Pay Record $40M to Settle Air Pollution Civil Charges May 17, 2023 By Sarah N. Lynch and Laura Sanicola A subsidiary of BP will pay a record-setting $40 million penalty to settle civil U.S. charges that its Indiana-based oil...
Alleged Russian Hacker Charged in $200 Million Ransomware Spree May 17, 2023 By William Turton A Russian man was charged by US authorities in connection with his alleged role with multiple ransomware gangs that attacked...
Hackers Contacted Cybersecurity Firm CEO’s Son, Wife in Extortion Attempt May 17, 2023 By William Turton Hackers stole contracts from cybersecurity firm Dragos Inc. as part of an extortion attempt that included contacting the chief executive...
Viewpoint: Should Insurance Drive Increased Firearm Safety? May 17, 2023 By Patrick Wraight It seems almost weekly there is a story or two in the national headlines addressing gun violence in the U.S.,...
Insurance Journal, Carrier Management & Claims Journal Staffs Win Awards of Excellence May 17, 2023 Wells Media Group publications, online, research and podcasts have won a total of nine 2023 Azbee Awards of Excellence from...
Top Cyber Insurers: 2022 Ranking Reveals Sprinters, Market Share Shifts May 17, 2023 In a year when cyber insurers notched the third-lowest industrywide loss ratio since 2015, and cyber premiums vaulted to $7.2...
Property Insurer SageSure Turns ‘Unicorn’ After $250M Funding Round May 16, 2023 SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest funding round, a source familiar...
Low-Tech Cyber Attacks Took Advantage of Fixable Vulnerabilities in 2022: Coalition May 16, 2023 By Chad Hemenway Outdated technology, poor software maintenance, and the dreaded clicking of a malicious link were most to blame for cyber insurance...
Wells Fargo to Pay $1 Billion in Class-Action Lawsuit May 16, 2023 By Robert Burnson Wells Fargo & Co. agreed to pay $1 billion to settle a shareholder lawsuit that accused it of making misleading...