Government
Tentative Compensation Agreement Reached Over Suez Canal Ship Blockage
A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute ...
Title Insurer Settles SEC Charges On Cyber Controls, Pays Nearly $0.5M
Last week, the Securities and Exchange Commission announced the resolution of charges against First American Financial Corporation alleging lax cybersecurity controls and procedures, with the federal ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
Foam With ‘Forever Chemicals’ Used to Put Out Chemical Plant Fire
A company hired to help extinguish a fire that gutted a northern Illinois chemical plant last week used foam containing toxic compounds that have tainted surface waters and groundwater across the ...
U.S. DOJ Files Antitrust Suit to Block Aon/Willis Towers Watson Merger
Aon's proposed $30 billion acquisition of Willis Towers Watson has hit a major roadblock, with the U.S. Department of Justice suing to block the deal. The DOJ's civil antitrust lawsuit argues that ...
Florida Property Insurance Reform Bill Signed Into Law, Already Having Positive Effect
Florida Gov. Ron DeSantis on Friday officially signed into law reform legislation on property insurance and roofing contractor practices, a measure some say is having a positive impact even before it ...
Denmark’s Central Bank Warns Floods Threaten Country’s Financial System
Denmark's central bank warned rising waters pose a threat to the financial system as property used as collateral against bank loans may be worthless in coming years, amid increasing damage by climate ...
‘We Can’t Do It Alone,’ Says White House in Urging Companies to Upgrade Cybersecurity
The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware attacks after intrusions disrupted operations at a major ...
Supreme Court Narrows Reading of Computer Fraud Law in Police Case
A Georgia police officer did not violate federal computer fraud law when he used his patrol car computer to access information on a license plate in exchange for money, even though his action ...