US Federal Agencies Aim to Streamline ‘Hodgepodge’ of Cyber Reporting Rules September 20, 2023 By Katrina Manson The Department of Homeland Security wants Congress and other federal agencies to help it streamline 52 different cyber reporting requirements...
Eli Lilly Sues Businesses Selling Knockoff Versions of Mounjaro September 20, 2023 By Madison Muller Eli Lilly & Co. is suing medical spas, wellness centers and compounding pharmacies in various US states that sell unapproved...
US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report September 20, 2023 By Leslie Kaufman Home insurance costs that have soared in much of the US may get even higher. Tens of millions of properties...
Everest Insurance Launches Dedicated Wholesale, Programs Market Division in US September 19, 2023 Everest Insurance, the insurance division of Everest Group Ltd., has launched a dedicated U.S. Wholesale and Programs Division to serve...
Woodruff Sawyer: Softer D&O Market Still Offers Concerns for Underwriters September 19, 2023 By Elizabeth Blosfield While concerns about a “tsunami of pandemic-related litigation” never quite materialized, according to Woodruff Sawyer in its latest D&O Looking...
Markets/Coverages: Canopius Expands Into US Excess Casualty Market September 19, 2023 Canopius Group, the London-based specialty re/insurer, announced the strategic expansion of its U.S. casualty business with its entry into the...
Hackers Who Breached Casino Giants MGM, Caesars also Hit 3 Other Firms, Okta Says September 19, 2023 By Zeba Siddiqui Hackers who breached casino giants MGM Resorts International and Caesars Entertainment in recent weeks also broke into the systems of...
Viewpoint: IT Asset Disposition Is Growing Cyber Security Threat for All Organizations September 19, 2023 By Michael Giuliano Cyber risk headlines are dominated by rising ransomware activity and soaring global data breach costs. The increased ransomware activity, driven...
Product Liability Cases on the Rise: Lex Machina September 19, 2023 Product liability cases are increasing, according to Lex Machina’s annual Product Liability Litigation Report, with 5,826 such cases in federal...
AM Best Revises US Homeowners Insurance Segment to Negative as Losses Persist September 18, 2023 The U.S. homeowners insurance segment has been hit with three consecutive years of net underwriting losses as a result of...