Claims / Legal
Advanced Driver Safety Systems Face Increased U.S. Regulatory Scrutiny
U.S. regulators on Tuesday said they would keep a closer eye on the automotive industry as it rolls out advanced driver safety systems, tracking the new technologies to spot potential defects faster. ...
Global Cyber Reinsurance Rates Skyrocketed 40 Percent for July Renewals: Willis Re
Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said on Thursday, as ransomware attacks increase in number and severity. A ransomware ...
InsurTech Product News From Milliman, Tractable
Milliman unveiled a suite of flood InsurTech products that the consulting firm said it designed to ease market entry for private insurers, startups and MGAs. Separately, InsurTech unicorn Tractable ...
GIS 2021: The Next Big Cyber Target Is Insurers Themselves
As "the next digital pandemic," cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert. With "a lack of controls at [an] insurer, [you] could have ...
NHSTA Orders Crash Reports on Autonomous Vehicles, ADAS-Involved Accidents
The U.S. government's highway safety agency has ordered automakers to report any crashes involving fully autonomous vehicles or partially automated driver assist systems. The move Tuesday by the ...
Gas Station Files Class Action Against Colonial Pipeline After Cyber Attack
Colonial Pipeline Co. was sued by a gas station seeking to represent thousands more over the ransomware attack in May that paralyzed the U.S. East Coast's flow of gasoline, diesel and jet fuel. EZ ...
No Data Breach, LinkedIn Says
of several reports of a LinkedIn data breach surfacing in cybersecurity publications in recent days, the social media platform says that no breach actually occurred. In a post titled, "An update on ...
Robinhood Financial To Pay $70M to Settle Regulatory Probe
Online broker Robinhood Financial LLC has been ordered to pay $70 million for 'systemic supervisory failures' that harmed thousands of consumers in the process, an industry regulator announced on ...