Reinsurance
Business Interruptions Galore: Global Ransomware Attack Hobbles FedEx, Others
The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses even as the virus's spread seemed to be abating. FedEx Corp. ...
WannaCry-Like Cyber Attack Keeps Wreaking Corporate Havoc on Second Day
A cyberattack similar to WannaCry entered its second day, hitting businesses, port operators and government systems around the world, with companies struggling to retake control of their networks. ...
Cyber Attacks Leave Their Mark on Businesses Over Time: Lloyd’s Report
Businesses in Europe underestimate the "slow-burn" effects of cyber attacks and need to prepare more fully for a loss of customers, a fall in share price and other potential consequences, Lloyd's of ...
PCI: Insurers Must Get ‘Reasonable’ Access to Automated Vehicle Data
The Property Casualty Insurers Association of America wants future federal rules governing driverless vehicles to guarantee insurers "reasonable" access to data from cars with automated driving ...
Major Ransomware Virus Attacks Servers Across Europe
A major ransomware attack on Tuesday hit computers at Russia's biggest oil company, the country's banks, Ukraine's international airport as well as global shipping firm A.P. Moller-Maersk. ...
Anthem to Settle U.S. Data Breach Lawsuits With Record $115M Payment
Anthem Inc, the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people's personal information for $115 million, which ...
Five More Flood Insurance Revamp Proposals Advance in House Committee
The House Financial Services Committee advanced five flood insurance proposals on Wednesday, adding to the two bills it passed last week. The House measures seek to reform and reauthorize the ...
Executives On The Move at XL Catlin, JLT Re and Everest Re
XL Catlin promoted an executive on its E&S team. JLT Re named a new partner for its Bermuda operation. Everest Re Group hired a former Hiscox executive to be its vice president and head of the ...