Marriott Settles With States for $52M Over 2018 Data Breach at Starwood October 10, 2024 By Chad Hemenway Marriott International has agreed to settle with the Federal Trade Commission and 50 state attorneys general over a series of...
NSA Investigating If Chinese Hackers Breached US Telecoms October 9, 2024 By Katrina Manson The US is in the early stages of an investigation into potential Chinese hacking of American telecommunications companies, according to...
Verisk Says Helene’s Insured Losses Could Reach $11 Billion October 9, 2024 Catastrophe modeler Verisk predicted wind, storm surge and flooding from last month’s Hurricane Helene will cause insured losses of between...
Experts Predict Impacts of $25B+ Milton Hit to Insurers, Reinsurers October 9, 2024 By Susanne Sclafane A wide cone of uncertainty surrounds insurance experts’ pre-landfall predictions about the state of the industry that will prevail in...
Hurricanes Milton and Helene Expose Limits of US Flood Maps October 9, 2024 By Leslie Kaufman and Leonardo Nicoletti Even before the second megastorm in as many weeks brings devastating floodwaters to the Southeast US, it’s already clear that...
Home Security Firm ADT Reports Unauthorized Activity on Its Network October 9, 2024 Home security firm ADT Inc said on Monday an unauthorized actor had illegally accessed its network using credentials obtained through...
Catastrophe Bond Investors Brace for Major Losses as Milton Rages October 9, 2024 By Gautam Naik Investors in catastrophe bonds are girding themselves for substantial losses as the combined destructive force of Hurricanes Helene and Milton...
Hurricane Milton Insured Loss Could Be $60 Billion, Similar to 2022’s Ian: RBC October 9, 2024 By Carolyn Cohn Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance...
Billionaire Tom Steyer’s Commercial Real Estate Lead Says ‘Watch Insurance Risk’ October 9, 2024 By Frances Schwartzkopff Joseph Sumberg, a former managing director at Goldman Sachs Group Inc. who now works for billionaire climate investor Tom Steyer,...
Hurricanes Like Helene Keep Killing for Years After They Strike October 8, 2024 By Seth Borenstein Hurricanes in the United States end up hundreds of times deadlier than the government calculates, contributing to more American deaths...