Ransomware Frequency Up 64% on Remote Access Tools, Says At-Bay May 16, 2024 A 64% jump in ransomware claims in 2023 is driven by an explosion in “indirect” ransomware incidents, up over 415%...
Fed’s Powell Downplays Potential for a Rate Hike Despite Higher Price Pressures May 16, 2024 By Christopher Rugaber Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in...
Patents for Sale? State Farm Reveals Website of Inventions May 16, 2024 State Farm announced that it has launched a new website to showcase some of its patented technology, and making it...
Overall US P/C Combined Ratio Improves in 2023 but Trouble Spots Remain: S&P May 16, 2024 The U.S. property/casualty industry’s net combined ratio improved in 2023 to 101.7 from 102.5 the prior year, according to S&P...
People Moves: Front Street Re Appoints Fong as CEO; Carmichael Beazley’s New Head of US Cyber May 16, 2024 Front Street Re, an operating subsidiary of Lexasure Financial Group Limited headquartered in Georgetown, Cayman Islands, appointed Edison Fong as...
St. John’s Names Lloyd’s Exec Watkins to Head Greenberg Risk Management School May 16, 2024 New York’s St. John’s University announced the appointment of Henry “Hank” Watkins Jr., regional director and president of the Americas...
US Senators Unveil AI Policy Roadmap, Seek Government Funding Boost May 16, 2024 By David Shepardson A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government...
Buffett’s Berkshire Reveals $6.7 Billion Stake in Insurer Chubb May 16, 2024 By Annie Massa Warren Buffett’s Berkshire Hathaway Inc. unveiled a $6.7 billion stake in insurer Chubb Ltd., ending months of suspense over its...
FDIC Chair Gruenberg Apologizes for Agency Culture, Commits to Fixes May 15, 2024 By Pete Schroeder and Douglas Gillison U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg on Wednesday said he was deeply sorry for a toxic workplace culture...
Markets/Coverages: CFC Partners With Online Quoting Platform Tarmika May 15, 2024 Specialty insurer CFC said it will be offering its admitted cyber insurance solution on Tarmika, an online quoting platform for...