Software Firm Okta Discloses Cyber Breach October 23, 2023 Okta on Oct. 20 disclosed a breach of its customer support system that allowed some hackers to view files uploaded...
Communities Can’t Recycle or Trash E-Cigarettes. So What Happens to Them? October 20, 2023 By Matthew Perrone With the growing popularity of disposable e-cigarettes, communities across the U.S. are confronting a new vaping problem: how to safely...
Fortress Has Plowed $6 Billion Into Other Companies’ Lawsuits October 20, 2023 By Laura Benitez Fortress Investment Group LLC is pitching an investment opportunity within an increasingly popular yet controversial corner of finance — funding...
GEICO Lays Off 6% of Workforce and Will Require More In-Office Time October 20, 2023 By Chad Hemenway and William Rabb In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying...
Insured Losses From Severe Convective Storms in US Top $50B for 1st Time: Aon October 20, 2023 By L.S. Howard Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50...
Ransomware Criminals Aiming at Third-Party Vendors in Hunt for ‘Big Game’ October 20, 2023 By Jim Sams Ransomware victims have become less likely to pay extortion demands, but cyber criminals are changing their tactics by hitting third-party...
AIG’s CEO Sees Pandemic, Wars and Climate Change Among Biggest Risks October 20, 2023 By Max Reyes American International Group Inc. Chief Executive Officer Peter Zaffino said the biggest challenge to the insurance sector over the last...
Allstate Says Q3 Catastrophe Losses Were $1.2 Billion October 19, 2023 Allstate Corp. today reported September catastrophe losses of $317 million and total catastrophe losses for the third quarter of about...
S&P: Struggles in Personal Auto Insurance to Subside Slower Than Expected October 19, 2023 By Allen Laman S&P Global Market Intelligence projects that personal auto results will improve from 2022’s worst-in-decades combined ratio of 112.2%, though not...
The Hanover Expects $196M in Q3 Catastrophe Losses October 19, 2023 Ahead of its third quarter earnings announcement early next month, The Hanover Insurance Group released a preliminary estimate of catastrophe...