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...
Farmers, USAA Lead Pack in Hiking Homeowners Insurance Rates in 2023: S&P October 4, 2023 Farmers Insurance Group of Cos. and United Services Automobile Association (USAA) have increased homeowners insurance rates by nearly 15% each...
Elon Musk Must Face Fraud Lawsuit for Disclosing Twitter Stake Late October 4, 2023 By Jonathan Stempel Elon Musk was ordered by a U.S. judge to face most of a lawsuit claiming he defrauded former Twitter shareholders...
Selective Insurance CFO Wilcox Resigns; Harnett Named Interim October 4, 2023 Selective Insurance Group said its chief financial officer, Mark Wilcox, has resigned to hold the same position elsewhere. Wilcox, also...