Not All Abuse Survivors Welcome Boy Scouts $850M Bankruptcy Deal July 6, 2021 By Randall Chase and David Crary An $850 million agreement by the Boy Scouts of America to compensate sex-abuse victims prompted outrage Friday from some survivors...
Truist/CRC Adds Major Wholesale Insurance Clout with Constellation Acquisition July 6, 2021 Truist Insurance Holdings and its wholesale insurance subsidiary CRC Group have closed on the acquisition of Constellation Affiliated Partners, an...
Kaseya Ransomware Attack by REvil Gang Is Global in Scale July 6, 2021 By Frank Bajak Cyber-security teams worked feverishly Sunday to stem the impact of the single biggest global ransomware attack on record, with some...
Condo Collapse: Everyone Will Point Fingers But Florida Laws Narrow Liability July 6, 2021 By Tom Hals The collapse of a condominium tower near Miami will set off years of litigation as victims and their families look...
Supreme Court Passes on Media Liability Protection Case as 2 Justices Balk July 5, 2021 By Andrew Chung The U.S. Supreme Court on Friday turned away a case challenging libel protections for journalists and media organizations, but conservative...
Update: Ransomware Attack on Kaseya Affects Up to 1,500 Firms; Hackers Ask $70M July 5, 2021 By Raphael Satter Between 800 and 1,500 businesses around the world have been affected by a ransomware attack centered on U.S. information technology...
P/C Insurers Defend Ransomware Reimbursements in New Cyber Principles July 2, 2021 By Andrew G. Simpson The nation’s largest property/casualty insurance organization is defending ransom payment reimbursements by insurers in a new set of principles stressing...
Boys Scouts Reaches $850M Settlement With Group of Sex Abuse Survivors July 2, 2021 By Katherine Doherty and Steven Church The Boy Scouts of America reached settlement with a major group of sex-abuse survivors, a defining moment in the organization’s...
Tesla Auto Caught Fire During Driving, Lawyer Alleges July 2, 2021 By Hyunjoo Jin and David Shepardson A Tesla Inc. Model S Plaid electric vehicle burst into flames on Tuesday while the owner was driving, just three...
Insurers’ Own Infrastructure Could Be Next Targets of Cyber Criminals July 2, 2021 By Mark Hollmer As “the next digital pandemic,” cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert....