MGM Casino Expects $100 Million Hit From Hack That Led to Data Breach October 6, 2023 By Zeba Siddiqui MGM Resorts International said on Thursday a cyberattack last month that disrupted its operations would cause a $100 million hit...
SEC Tries to Force Musk to Testify in Twitter Takeover Probe October 6, 2023 Elon Musk, the world’s richest man, is being sued by the U.S. Securities and Exchange Commission, which is trying to...
Climate Change Can Cause U.S. Households ‘Significant Financial Strain’ October 5, 2023 By Don Jergler Households can experience significant financial strain through pressures to income and expenses due to climate hazards, a report from the...
Blackbaud to Pay States $49.5 Million to End Probe of 2020 Ransomware Incident October 5, 2023 By Chad Hemenway State attorneys general were busy Thursday announcing their share of a $49.5 million settlement with software company Blackbaud related to...
Record Heat Unleashes Deadly Floods – From US to Libya October 5, 2023 By Brian K. Sullivan Extreme heat is usually associated with drought and wildfires. But across five continents this year, it’s also unleashed a different...
Markets/Coverages: Coalition Exec Risk Insurance Now on Surplus Paper; ISO Adds 160 New BOP Classifications; MGU Verita Launches October 5, 2023 Coalition’s Executive Risks Insurance Now Available On Surplus Lines Paper Coalition announced its executive risks insurance products are now available...
EV Industry Offers Challenges, Opportunities for Insurers October 5, 2023 A new paper by the American Property Casualty Insurance Association (APCIA) finds that the insurance industry is responding to the...
Bankman-Fried Was ‘Math Nerd’ Who Overlooked Risk Management October 5, 2023 By Luc Cohen and Jody Godoy Sam Bankman-Fried’s lawyer laid out his defense case at his fraud trial on Oct. 4, portraying the 31-former billionaire as...
National Security Agency Is Starting an Artificial Intelligence Security Center October 5, 2023 The National Security Agency is starting an artificial intelligence security center – a crucial mission as AI capabilities are increasingly...
As Trial Opens, FTX’s Bankman-Fried Battles Excess Insurer Over D&O Coverage October 4, 2023 By Andrew G. Simpson Just two days before his criminal trial started this week in federal court in New York, FTX Trading founder Sam...