Claims / Legal
CNA Made a $40 Million Ransom Payment Following March Cyber Attack
CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack, according to people with knowledge ...
Irish Patient Data Was Apparently Posted on Dark Web After Cyber Attack
Reports of Irish patient data posted online after a cyber attack on Ireland's health service appear to be accurate, a government minister said, as the fallout from the hack continues. A Financial ...
Companies Expose Clients to Harm by Not Modeling Longer-Term Risk Impacts: Marsh
Only 25 percent of companies are evaluating or modeling the longer-term impact of emerging risks on their business, leaving a cascading scenario that can also harm their customers, according to a new ...
Judge Proposes Warning Label in $2B Plan to Limit Roundup Claims
A U.S. judge suggested on Wednesday that Bayer AG include a warning label on Roundup as part of a proposed $2 billion settlement to resolve future claims that the top-selling weedkiller causes ...
AXA’s Asia Units, New Zealand Health Provider Struck by Ransomware Attacks
The Thai affiliate of Paris-based insurance company AXA said Tuesday it is investigating a ransomware attack by Russian-speaking cybercriminals that has affected operations in Thailand, Malaysia, ...
Warming Arctic Tundra Will Make It Tougher to Curb Climate Change: Study
The warming Arctic tundra will make it harder for the world to curb climate change, as thawing permafrost and wildfires release greenhouse gases that are not fully accounted for in global emissions ...
Private Firefighters Highlight Inequities in California Wildfire Battles
Last October, firefighter Ryan Bellanca and his crew battled to keep the raging Glass Fire from devastating an upmarket Napa Valley vineyard.
But Bellanca wasn't ...
Loss Reserve ‘Conservatism’ Will Shape the Pricing Cycle
According to our analysis of loss reserves published in mid-March, the year 2020 marked the 15th straight year that the U.S. property/casualty industry's loss reserves developed favorably—by about ...