Claims / Legal
The Biden Administration Wants Corporate America’s Help Tracking Down Cyber Criminals
U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department needs its help in order to take down cyber criminals. "We cannot do this alone," Monaco said ...
The Ratio of Cyber Ransoms Demanded to Ransoms Paid Is Declining: Corvus Report
There are some early signs of improvement in ransomware costs due in part to policyholder actions that helped reduce cybersecurity risks, according to a new report from Corvus Insurance. The ...
3M Will Resolve ‘Forever Chemicals’ Lawsuits With $98.4 Million Payout
Industrial conglomerate 3M Co on Tuesday said it had agreed to pay about $98.4 million to settle claims that it contaminated the Tennessee River with toxic chemicals. 3M agreed to resolve a lawsuit ...
Business Owners Remain Overconfident About Their Ransomware Risks and Preventative Steps: Embroker
Business owners – even many technology startups - remain vastly overconfident about both their risk for ransomware attacks and insurance they have in place to prevent them, according to a new ...
Amazon Appeals Record $865M Penalty for Alleged Violation of EU Data Protection Rules
Amazon.com Inc. appealed a record 746 million-euro ($865 million) penalty for allegedly violating the European Union's tough data-protection rules. The appeal was filed at the Luxembourg ...
New York AG Orders Two Cryptocurrency Lending Platforms to Cease Activity
Two cryptocurrency lending platforms were asked to cease activities in New York by the state's attorney general on Monday and three other platforms were directed to provide information about their ...
Kemper Proposes Nearly $18M Settlement in Class Action Involving Two Data Breaches
Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about $17.6 million. The dual breaches could have compromised the personal information of an ...
Higher Catastrophe Losses Will Dampen Q3 Earnings: KBW Analysis
Higher catastrophe losses should help push Q3 2021 earnings per share below consensus for carriers, but rate increases should help boost reinsurer results, according to KBW analyst Meyer Shields. ...