Markets
FBI Recovers Most of Bitcoin Ransom Paid by Colonial Pipeline
The U.S. recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial Pipeline Co. last month in a sign that law enforcement is capable of pursuing online ...
Amazon’s Bezos Announces Out-Of-This-World Risky Next Act
Amazon's billionaire founder Jeff Bezos said on Monday that he and his brother Mark will fly on the first crewed space flight from his rocket company Blue Origin next month. "Ever since I was five ...
Time For Insurers to Reassess ‘Grim’ Cyber Insurance Market: AM Best
With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, "prospects for the U.S. cyber insurance market are grim," according to a report ...
Federal Lawmakers Probing CNA Ransom, Cyber Insurance Payouts
Late last week, federal lawmakers requested information from Chicago-based insurer CNA about a March 21 cyber attack on the company and about a reported $40 million ransom CNA paid to end the ...
G-7 Agree On 15% Minimum Profits Tax To Curb Multinational Firm Tax Dodges
The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax of at least 15 percent in order to deter multinational companies from avoiding taxes by stashing ...
Insurers Get Low Grades on Climate Change, Biodiversity Loss Action
Most of the world's largest insurers are failing to adequately address systemic risks such as climate change and biodiversity loss, but a group of five U.S. insurers are some of those that rank the ...
Decades of Evidence Won’t Sway Climate Change Deniers: Study
Climate skeptics who aren't persuaded by the existing evidence from climate change are unlikely to change their minds for many years, according to a newly published quantitative study by a University ...
Telematics: It’s Not Just for New Business Pricing Anymore
GEICO had the right idea about following Progressive—and the majority of top auto insurers—into the world of telematics, but the benefits of the technology go well beyond matching rate and risk ...