Risk
FBI Busts South American Organized Theft Ring Targeting Pro Athlete Homes
Last week, the FBI announced a coordinated operation of arrests and searches in multiple jurisdictions in its effort to investigate burglaries targeting the homes of several professional athletes. ...
Third-Party Attack Vectors Responsible for 59% of Insurance Breaches
A new report from SecurityScorecard highlights how cybersecurity gaps threaten critical services and policyholder trust. Among the top 150 insurance companies involved third-party attack vectors, 59 ...
Why the LA Wildfires Should Not Have Been a Surprise Loss
The January 2025 LA Wildfires caused unprecedented losses, but those losses should have been anticipated by insurers. The purpose of catastrophe models is to prepare insurers for losses that haven't ...
Southern California Edison Probes Possible Link to Los Angeles Fires
Southern California Edison (SCE), a subsidiary of Edison International, said on Thursday that it was probing whether its equipment was associated with the ignition of two Los Angeles-area wildfires ...
Proposed Federal Act Seeks to Reduce Wildfires
Last month, Wyoming Republican U.S. Senator John Barrasso introduced legislation to reduce the destruction caused by wildfire risk, while seeking to improve forest health. Around 63 million of the ...
General Purpose AI Could Lead to New Risks: Report
Advanced artificial intelligence systems have the potential to create extreme new risks, such as fueling widespread job losses, enabling terrorism or running amok, experts said in a first-of-its-kind ...
Natural Catastrophes Insurance Protection Gap Stands at 60%: WTW
Last year was the first year that exceeded 1.5°C (2.7°F) warming above pre-industrial levels, resulting in an estimated 60 percent insurance protection gap for natural catastrophes, according to ...
Corporate Transparency Act on Hold After Supreme Court Lifts Injunction
Small businesses are still not required to register with an agency called the Financial Crimes Enforcement Network, or FinCEN — for now. The registration is part of the Corporate Transparency Act, ...