U.S. Charges 3 North Koreans in $1.3B Hacking of Banks, Sony, Others February 18, 2021 By Mark Hosenball, Raphael Satter and Sarah N. Lynch The United States has charged three North Korean computer programmers with a massive hacking spree aimed at stealing more than...
Many Firms Aren’t Paying OSHA Fines Levied for COVID-19 Safety Violations: Reuters February 18, 2021 By Chris Kirkham U.S. workplace safety regulators have announced more than $4 million in penalties on more than 300 employers they say put...
Berkshire Hathaway Discloses $499M Investment in Marsh & McLennan February 17, 2021 By Jonathan Stempel Warren Buffett’s Berkshire Hathaway Inc. on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone...
Future of the Insurance Industry and Who Owns It: 3 Scenarios From Verisk’s Anquillare February 17, 2021 By Andrew G. Simpson The question is not whether the future of the insurance industry is bright. “Few industries are better positioned for outstanding...
Internet of Things Devices Increase Risk of Cyber Attacks on Industrial Sector: Lloyd’s February 17, 2021 Internet of Things (IoT) devices are increasing the risk of cyber attacks to industrial and manufacturing businesses, according to a...
Diversity in Insurance Industry Calls For Including Different Mindsets and Experiences February 17, 2021 By Andrea Wells Insurance industry leaders have renewed their focus on recruiting, hiring and promoting not just to fill a crucial talent gap...
Judge Denies Citibank Bid to Recoup Some of Mistaken $893M Payments to Revlon Lenders February 17, 2021 By Jonathan Stempel A federal judge on Tuesday said Citigroup Inc. is not entitled to recoup half a billion dollars of its own...
Corporate Filings Reveal Pay Gap for Female Executives Narrows But Persists February 17, 2021 By Ross Kerber Even women who make it to the top ranks of U.S. corporations face a persistent pay gap compared with men...
AIG Sees ‘Continued Progress’ Despite P/C Underwriting Loss of $171 Million in Q4 February 17, 2021 American International Group’s property/casualty business booked a $171 million underwriting loss in the 2020 fourth quarter, barely a year after...
IVANS Survey Finds Agencies and Insurers Seek Greater Connectivity February 17, 2021 Both agents and insurers express strong support for agent-insurer connectivity and digital collaboration in distribution and servicing. On agency demand...