AM Best warned the event could have a longer tail as threat actors may wait to act.
The latest in a slew of security incidents is the largest to hit the digital-asset industry.
- Binance’s $6.3 Billion Hack: How Crypto Insurance Works
- Miami Beach Buildings Sinking at Different Rates, Due to Construction, Study Finds
- King Tides Inundate Streets and Flood Homes and Businesses on Both US Coasts
- Zillow to Pay $212.5 Million to Settle Class Action Over Failed Venture
- Binance Estimates $6.3 Billion Hacked in Crypto’s Biggest Heist
- GM to Pay $220M to Settle Privacy Claims Over Sale of Driver Data to Insurers
- New York State Bans ‘Unsafe’ Chatbots for Kids as States Push AI Regulation Limits
- Pennsylvania Law Addresses Flood Risk Disclosure by Home Sellers
- NY Project Tests Whether Larger Batteries Can Safely Power Residential Buildings
- Father and Son Charged With Running ‘Chop-Shop,’ Selling Stolen Cars, Insurance Fraud
- Columbia University Opens Claims for $16 Million Data Breach Settlement
- Town Appeals Denial of Insurance for $11M Judgment Over Political Closing of Quarry
- King Tides Inundate Streets and Flood Homes and Businesses on Both US Coasts
- Colorado’s Glaciers Thinned Dramatically Due to Record Low Snow And Heat This Year
- Lyft to Pay $1.8 Million to Settle California Privacy Allegations
- Nippon Dynawave Faces $77,800 in Fines After Worker Falls into Hot Pulp Sinkhole
- Screwworm Reaches Arizona for First Time as Outbreak Spreads
- California Braces for Floods as Atmospheric River Threatens
- King Tides Inundate Streets and Flood Homes and Businesses on Both US Coasts
- Miami Beach Buildings Sinking at Different Rates, Due to Construction, Study Finds
- Fire Briefly Triggers Emergency at SC Lab on Former Nuclear Weapons Site
- Florida Property-Tax Ballot Measure Threatens to Defund the Police
- Florida Men Charged With Creating Sham Insurance Now Face Federal Indictment
- WV AG Says He’s Investigating Environmental Groups Over ‘Deceptive’ Acts
- Louisiana Man Arrested for Auto Insurance Fraud
- Trump to End Restrictions on Methane From Oil and Gas Drilling
- Rainier Partners Acquires Texas MGA Platform Apex
- Screwworm Reaches Arizona for First Time as Outbreak Spreads
- Texas Volunteer Firefighter Charged With Arson
- Border Crossing Opens With Tighter Checks for Screwworm
- Opterrix Launches AI-Powered Portfolio Management Workflow
- EPA Response to 2023 Ohio Train Derailment Will be Investigated
- AM Best Upgrades Credit Ratings of Kansas’ Upland Mutual
- Midwest Gasoline Supplies Hit Lowest On Record As Election Nears
- People Moves: Big I of Illinois Names Leming as President
- DOJ Recovers $604K in Back Wages from Indiana Auto Parts Manufacturer
National News
- Binance’s $6.3 Billion Hack: How Crypto Insurance Works
- GM to Pay $220M to Settle Privacy Claims Over Sale of Driver Data to Insurers
- Record Binance Hack Shows No Crypto Firm Is Too Big to Breach
- Some Trends Signal Potential Hope for US Commercial Auto: AM Best
- Hippo Continues to Diversify Portfolio in Q3 With Casualty, Commercial
- Bayer Wins Roundup Weedkiller Cancer Trial While Awaiting Settlement Ruling
- Zillow to Pay $212.5 Million to Settle Class Action Over Failed Venture
East News
- New York State Bans ‘Unsafe’ Chatbots for Kids as States Push AI Regulation Limits
- Pennsylvania Law Addresses Flood Risk Disclosure by Home Sellers
- NY Project Tests Whether Larger Batteries Can Safely Power Residential Buildings
- Father and Son Charged With Running ‘Chop-Shop,’ Selling Stolen Cars, Insurance Fraud
- Columbia University Opens Claims for $16 Million Data Breach Settlement
- Town Appeals Denial of Insurance for $11M Judgment Over Political Closing of Quarry
Midwest News
- Opterrix Launches AI-Powered Portfolio Management Workflow
- EPA Response to 2023 Ohio Train Derailment Will be Investigated
- AM Best Upgrades Credit Ratings of Kansas’ Upland Mutual
- Midwest Gasoline Supplies Hit Lowest On Record As Election Nears
- People Moves: Big I of Illinois Names Leming as President
- DOJ Recovers $604K in Back Wages from Indiana Auto Parts Manufacturer
Truckers say their insurance bills have been climbing, straining their balance sheets.
Texas / South Central News
- Louisiana Man Arrested for Auto Insurance Fraud
- Trump to End Restrictions on Methane From Oil and Gas Drilling
- Rainier Partners Acquires Texas MGA Platform Apex
- Screwworm Reaches Arizona for First Time as Outbreak Spreads
- Texas Volunteer Firefighter Charged With Arson
- Border Crossing Opens With Tighter Checks for Screwworm
Southeast News
- King Tides Inundate Streets and Flood Homes and Businesses on Both US Coasts
- Miami Beach Buildings Sinking at Different Rates, Due to Construction, Study Finds
- Fire Briefly Triggers Emergency at SC Lab on Former Nuclear Weapons Site
- Florida Property-Tax Ballot Measure Threatens to Defund the Police
- Florida Men Charged With Creating Sham Insurance Now Face Federal Indictment
- WV AG Says He’s Investigating Environmental Groups Over ‘Deceptive’ Acts
Some of South Korea’s major financial investment companies suffered widespread hacking.
West News
- King Tides Inundate Streets and Flood Homes and Businesses on Both US Coasts
- Colorado’s Glaciers Thinned Dramatically Due to Record Low Snow And Heat This Year
- Lyft to Pay $1.8 Million to Settle California Privacy Allegations
- Nippon Dynawave Faces $77,800 in Fines After Worker Falls into Hot Pulp Sinkhole
- Screwworm Reaches Arizona for First Time as Outbreak Spreads
- California Braces for Floods as Atmospheric River Threatens
International & Reinsurance News
- Binance Estimates $6.3 Billion Hacked in Crypto’s Biggest Heist
- Binance’s $6.3 Billion Hack: How Crypto Insurance Works
- Markel Expects to See Runoff Certainty With Enstar’s $1.2B Adverse Development Cover
- Greek Container Ship Sinks After Drone Attack off Bulgaria
- Japan’s Cyberattack Surge Tests Its Push to Strengthen Defenses
- HSBC Seeks to Hedge Data Center Debt With Credit Risk Insurance
Insurance Journal Blogs and Columns
- Trucordia streamlined insurance workflows to give staff time back
- Evaluating Commercial Replacement Cost Estimates: Beyond the Numbers Finale
- Why the Operation That Worked at $50M Breaks at $150M
- Evaluating Commercial Replacement Cost Estimates: Beyond the Numbers Part 2
- The Last Manual Frontier: Why Claims Automation Stalls at the Supplement
- How AI is Changing Insurance Document Research
Quote of Note
"The legal battle over who will ultimately share in paying for losses associated with the pandemic is far from over."
More Quotes A.M. Best in Commercial Lines Outlook 2021
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Ategrity Specialty Insurance Company Holdings | ASIC | $24.40 | +5.08% |
| Heritage Insurance Holdings, Inc. | HRTG | $36.14 | +4.06% |
| Universal Insurance Holdings, Inc. | UVE | $47.56 | +3.44% |
| Orion180 Insurance Group Inc. | OIG | $9.84 | +3.25% |
| Root, Inc. | ROOT | $53.73 | +3.13% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| AMERISAFE, Inc. | AMSF | $23.09 | -8.74% |
| Employers Holdings, Inc. | EIG | $49.08 | -4.53% |
| Neptune Insurance Holdings Inc. | NP | $28.81 | -2.27% |
| Hippo Holdings Inc. | HIPO | $37.16 | -1.46% |
| TWFG, Inc. | TWFG | $27.15 | -0.48% |