Risk
Lessons from CNA, JBS and Colonial Pipeline Ransomware Payments
In March 2021, CNA Financial Corp., one of the country's largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to ...
Wildfire Risk MGA Delos Raises $5.3M for Further California Expansion
Delos Insurance Solutions, a catastrophe insurance MGA focused on California wildfire-related risks, raised $5.3 million in seed funding designed to fuel further expansion in the state. "With this ...
European Insurers Brace for Sanctions Over Nord Stream 2 Pipeline
A simmering threat of sanctions against the operator of the $11 billion Nord Stream 2 pipeline risks shutting off cover from European insurers for the politically-sensitive project to bring Russian ...
Finland Struggling to Stop Malware Attack Spread by Text Messages
Finland is working to stop a flood of text messages of an unknown origin that are spreading malware. The messages with malicious links to malware called FluBot number in the millions, according to ...
Stable Market Outlook for U.S. Personal Lines Heading Into 2022: AM Best
The U.S. personal lines insurance industry has earned a continued AM Best market segment outlook of stable heading into 2022 due to strong fundamentals in the sector, the ratings entity said in a new ...
New York Wants Monitor to Oversee Amazon Workplace Safety, Alleging Setbacks
New York state's attorney general on Tuesday asked a state judge to appoint a monitor to oversee worker safety at an Amazon.com Inc fulfillment center in New York City, citing the retailer's alleged ...
Opioid Verdict Against Pharmacy Chains May Not Survive Appeal
While a Cleveland jury concluded Walmart Inc., CVS Health Corp. and Walgreens Boots Alliance Inc. exacerbated Ohio's opioid epidemic with lax oversight of prescription painkillers, the verdict may ...
Fauci: Further U.S. COVID Restrictions Unlikely Due to Omicron Variant
The United States is unlikely to impose further restrictions amid the anticipated arrival of the Omicron COVID-19 variant, the nation's top infectious disease official said on Monday after a travel ...