Litigation/Liability Trends
Cyber Attack Sponsored by Nation-State Halts Plant Operations
Hackers likely working for a nation-state recently invaded the safety system of a critical infrastructure facility in a watershed attack that halted plant operations, according to cyber investigators ...
Uber Investor Sues Over Company’s $680M Acquisition of Self-Driving Car Firm
Uber Technologies Inc. directors were accused of failing to properly review the ride-sharing company's $680 million acquisition of a self-driving technology firm that wound up being accused of ...
AIG Ramps Up Analysis Efforts for Insuring Against Cyber Risks
American International Group Inc has ramped up its analysis for insuring against cyber attacks, using a system that scores a company's risk of having a breach along with safeguards it has in place, ...
Kobe Steel Slammed With Lawsuits Over Data Tampering Scandal
Kobe Steel Ltd said on Friday it has been hit with lawsuits over its data tampering scandal and has had two more badges of industrial quality removed, the latest setbacks for the Japanese steelmaker ...
Navigation Apps May be Steering L.A. Drivers Toward Fires
Navigation apps like Alphabet Inc.'s Waze, which can do wonders directing drivers through traffic, backfired for some motorists trying to maneuver around the wildfires that are raging across Southern ...
Wildfires Halt L.A. Filming, Threaten Crops, Hammer Major Utility’s Market Value
Wildfires raging across Southern California have shut a major commuter artery in Los Angeles, suspended filming, wiped out more than $3 billion of market value for regional utility Edison ...
Meet the Modeler: Praedicat’s Boudreau Takes the Road Less Traveled for Actuaries
After working on a nagging insurance industry problem on and off for three decades, an actuary, who is also a software engineer, recently devised the solution—a new model of the occurrence form for ...
Latency Catastrophe and the Occurrence Form
Over the last 30 years, natural catastrophe modeling has transformed property insurance. When Hurricane Andrew devastated Florida in August 1992, seven domestic insurance companies and one foreign ...