Claims / Legal
Cyber Insurers Reduce Scope of Offerings as Ransomware Attacks Climb
Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a ...
Alleged Chinese Hackers Stole Security Footage From African Union Gathering
As diplomats gathered at the African Union's headquarters earlier this year to prepare for its annual leaders' summit, employees of the international organization made a disturbing discovery. Someone ...
2020 Is Among the Insurance Industry’s Most Costly Years: Swiss Re
Insurance industry losses from natural catastrophes and man-made disasters across the globe amounted to $83 billion in 2020, making it the fifth-costliest year for the industry since 1970, according ...
Former Argo CEO Watson Pays $450K to SEC Over Failure to Disclose $5.3M in Perks
The Securities and Exchange Commission has settled with former Argo Group chief executive officer and president Mark Watson III over his role in the firm's failure to disclose more than $5.3 million ...
Lloyd’s, InsurTech Parsyl Will Cover Emerging Market COVID-19 Vaccine Distribution
Lloyd's of London and insurtech firm Parsyl have launched a program to insure the distribution of COVID-19 vaccines in emerging markets as drugmakers race to address the biggest global logistical ...
Bipartisan COVID-19 Plan Separates Coronavirus Liability Protections, State Aid
A bipartisan group of lawmakers released proposed Covid-19 relief legislation that may provide momentum for breaking a months-long impasse, by separating out coronavirus liability protections and ...
Cyber Attacks Reportedly Hitting Coronavirus Vaccine Distribution Infrastructure
Cyber attacks have been waged against COVID-19 vaccine distribution infrastructure, including a cold-chain storage company, U.S. Senator Gary Peters said on Thursday. "IBM recently released a very ...
Banks, Global Law Enforcement Battle COVID-19 Crime Wave
Fraud risk analyst Rajendran Raj was used to the odd out-of-hours alert from authorities, but a call one Saturday in March heralded a new era, of tackling criminals seeking to cash in on coronavirus. ...