Claims & Reserving
Ransomware Attacks on Big Companies in France Are Rising
Large companies in France are increasingly the targets of cyber attackers who lock up data and demand a ransom, but often refrain from reporting the assaults for fear of hurting their image, ...
California Creates $21B Fund for Utilities to Cover Future Fire Liabilities
For a leader with grand ambitions of tackling big issues from health care to taking on President Donald Trump, California Governor Gavin Newsom has spent much of his first six months in office bogged ...
Consolidation of Third-Party Administrators Continues With Sedgwick’s Purchase of York
Sedgwick announced Monday that it has signed an agreement to purchase York Risk Services, continuing a long-term consolidation trend among third-party administrators. The purchase of York — which ...
Munich Re, NICB Debut Tool That Quickly Assesses Post-Disaster Damage
Munich Re has teamed up with a unit of the National Insurance Crime Bureau to offer insurance carriers an analytics tool that can quickly assess property damage after natural catastrophes and speed ...
Moody’s, Israel’s Team8 Link Up to Create Global Cyber Risk Assessment Standard for Businesses
Ratings agency Moody's Corp and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global ...
Blistering Heatwave Forces Germany to Limit Autobahn Speeds, Confront Wildfire Risks
A blistering heatwave prompted Germany to impose speed restrictions on usually limit-free stretches of its high-speed motorways Wednesday, the latest sign of extreme weather events ruffling Europe's ...
Wildfire Loss Insurance Payments Would Help Fund Proposed PG&E Bankruptcy Exit Plan
A committee of bondholders of PG&E Corp's utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from ...
Anti-Hacking Company Claims It Took Over a Tesla Model 3’s GPS
An autonomous systems defense company contends it has successfully spoofed the GPS mechanism of a Tesla Model 3 using the automaker's latest Autopilot technology, sending the vehicle off its intended ...