EU Fines VW, BMW $1B for Colluding to Curb Use of Emissions Cleansing Technology July 8, 2021 By Marine Strauss and Alexander Hübner BRUSSELS – The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) on...
Biden Under Pressure to Counter Growing Ransomware Threat July 8, 2021 By William Turton, Jennifer Jacobs and Jordan Fabian President Joe Biden on Wednesday discussed the possibility of responding to a spate of ransomware attacks against U.S. entities that...
People Moves: Chubb’s Thanduparakkal to Hiscox, SCOR’s Prabis to Hiscox ILS; Tokio Marine HCC Int’l Hires 3 for Professional Risks July 8, 2021 These International People Moves detail appointments at Hiscox and Hiscox ILS as well as three appointments at Tokio Marine HCC...
Tropical Storm Elsa to Head into Northeast and New England After Drenching Southeast July 8, 2021 Tropical Storm Elsa, which made landfall in Florida yesterday, is dousing the Carolinas and Georgia today and is on track...
SiriusPoint Launches Specialty MGA Banyan Risk, Focusing on D&O Insurance July 8, 2021 SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the launch of Banyan Risk Ltd., a managing general agent that...
How Russian Military Uses ‘Brute Force’ to Hack U.S. Government, Companies July 8, 2021 By Frank Bajak, Nomaan Merchan and Eric Tucker U.S. and British agencies disclosed last week details of “brute force” methods they say have been used by Russian intelligence...
Trump Lawsuits Allege Social Media Firms Violate Free Speech Rights July 8, 2021 By Jason Lange and Jan Wolfe Former U.S. President Donald Trump on Wednesday filed lawsuits against Twitter Inc,. Facebook Inc., and Alphabet Inc.’s Google, as well...
UK’s Pool Re Launches Advisory Group to Develop Public-Private Solutions for Systemic Risks July 8, 2021 Pool Re, Britain’s leading terrorism reinsurer, announced the launch of “Re:New,” an advisory group that will explore how to protect...
German Consumer Group Files Lawsuit Against Daimler over Diesel Emissions Scandal July 8, 2021 Germany’s largest consumer protection group filed a lawsuit on Wednesday against car maker Daimler that it said would make it...
Does It Ever Make Sense for Firms to Pay Ransomware Criminals? July 8, 2021 By Chris Beck and Blake Fleisher The global insurance company AXA announced in May it will stop writing cyber insurance coverage in France that reimburses customers...