National News

FBI Calls Crypto ‘Only Game in Town’ as Ransomware Flourishes

Cryptocurrencies and deep-fake technology are sending chills throughout the U.S. government, with cyber crooks embracing digital innovations so rapidly that law enforcement can barely keep up, according to the Federal Bureau of Investigation. “Crypto is the primary currency, the primary …

AIG Returns to Profit on Improved P/C Insurance Underwriting, Lower Catastrophes

Global insurer American International Group (AIG) reported strong fourth quarter and year-end results led by the performance of its General Insurance business. After reporting a net loss of $60 million in the fourth quarter of 2020, the company reported net …

Markets/Coverages: WTW Partners With Falvey Cargo on Cyber; Boost and Breach Offer Crypto Wallet Cover; Umbrella From Distinguished Programs Serves Real Estate, Community Associations

WTW Partners With Falvey Cargo Underwriting for Affirmative Cargo Cyber Coverage Insurance broker Willis Towers Watson is partnering with Falvey Cargo Underwriting on an affirmative cyber coverage product for cargo and stock throughput risks. WTW said the new product recognizes …

Rating Upgrades Increase for U.S. P/C Insurers in 2021

Ratings for the U.S. property/casualty industry returned to pre-pandemic levels with some companies strengthening balance sheets and improving operating results, said financial strength rating agency AM Best. In 2021 the number of rating upgrades increased to 54, up from 38 …

Most Critical Infrastructure Sectors Haven’t Adopted NIST Cybersecurity Framework

A new report from the U.S. Government Accountability Office (GAO) found most of the country’s critical infrastructure have yet to take steps toward adopting a nearly decade-old framework to improve cybersecurity. Just three of 16 identified critical infrastructure sectors that …

CDC Proposes Changes in Guidance to Doctors on Opioid Prescriptions

The nation’s top public health agency has proposed changing — and in some instances, softening — guidelines for U.S. doctors prescribing oxycodone and other opioid painkillers. The Centers for Disease Control and Prevention’s previous guidance, issued six years ago, helped …

More Than a Conversation: Building Diversity Means Taking Action

The cybersecurity and insurance industries have been talking about prioritizing diversity, equity and inclusion for a while, but Larry Whiteside, co-founder and president of Cyversity, says conversations aren’t enough. “I will never forget the first time that I sat on …

Tripwire for Real War? Cyber’s ‘Fuzzy’ Rules of Engagement

President Joe Biden couldn’t have been more blunt about the risks of cyberattacks spinning out of control. “If we end up in a war, a real shooting war with a major power, it’s going to be as a consequence of …

Jury Rejects Palin’s Libel Claim Against New York Times

A U.S. federal jury on Tuesday ruled against Sarah Palin in her lawsuit accusing the New York Times of defaming her in a 2017 editorial that incorrectly linked her to a mass shooting, after the presiding judge said he would …

Prince Andrew Settles Sexual Abuse Claim for Undisclosed Amount

Prince Andrew has settled a lawsuit against him by a woman who said he sexually abused her when she was a teenager at the late convicted sex offender Jeffrey Epstein’s Manhattan and Virgin Island properties. The amount of the settlement …

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