Claims / Legal
Colonial Pipeline Attack Spurs Energy Company Quest for Cyber Insurance
U.S. energy companies are scrambling to buy more cyber insurance after this month's attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan ...
Energy Companies Globally Risk Legal Action After Landmark Shell Climate Change Ruling
A Dutch court ordered Royal Dutch Shell to drastically deepen planned greenhouse gas emission cuts on Wednesday, in a landmark ruling that could trigger legal action against energy companies around ...
Cyber Alert: U.S. a Top Target for Facebook-Focused Foreign Influence Operations
The United States topped a list of the countries most frequently targeted by deceptive foreign influence operations using Facebook between 2017 and 2020, the social media company said in a new report ...
2020 Cyber Insurance Claims Spike Counteracted Premium Jump, Hurting Underwriting Results
Cyber insurance premiums are soaring, but a spike in claims led to a decline in 2020 underwriting performance, according to a new Fitch Ratings update. Standalone cyber insurance generated an ...
Congress Is Exploring the Idea of Federal Reinsurance for Cyber-Terrorist Attacks
A research arm of Congress is studying the costs of cyber attacks on the U.S. infrastructure and whether the backup provided by the federal Terrorism Risk Insurance Program (TRIP) is adequate for ...
U.S. Pledges to Boost Pipeline Cyber Protections After Colonial Hack Attack
The Biden administration is working with pipeline companies to strengthen protections against cyberattacks following the Colonial Pipeline hack, with announcements of actions planned in coming days, ...
Digital Payment Platform Verituity Raises $10M; Has Insurance Claims Potential
Digital payments platform startup Verituity raised $10 million in new investment to help fuel a customer expansion in multiple sectors including banking and insurance. Plans will also focus on ...
Swiss Re Warns Canada Is Unprepared for Climate Change-Spurred Hurricane Risks
Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada's homeowners, businesses and insurers underestimate that escalating risk, according to one ...