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
- Japan’s Cyberattack Surge Tests Its Push to Strengthen Defenses
- King Tides Inundate Streets and Flood Homes and Businesses on Both US Coasts
- Yellow Furball Mascot Liberty Biberty Sparks ‘Beautiful’ Protest. Seriously?
- Zillow to Pay $212.5 Million to Settle Class Action Over Failed Venture
- 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
"We believe that COVID has resulted in a flight to quality and we are benefiting from this market dynamic."
More Quotes Peter Zaffino, AIG president and chief operating officer
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Erie Indemnity Company | ERIE | $261.39 | +4.23% |
| The Hanover Insurance Group, Inc. | THG | $242.09 | +2.96% |
| Arthur J. Gallagher & Co. | AJG | $276.07 | +2.93% |
| Brown & Brown, Inc. | BRO | $69.76 | +2.83% |
| Palomar Holdings, Inc. | PLMR | $140.32 | +2.30% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| AMERISAFE, Inc. | AMSF | $20.91 | -9.44% |
| Employers Holdings, Inc. | EIG | $44.77 | -8.78% |
| Lemonade, Inc. | LMND | $42.94 | -6.47% |
| Root, Inc. | ROOT | $51.76 | -3.67% |
| Presurance Holdings, Inc. | PRHI | $7.04 | -2.90% |