News
LexisNexis: Loss Costs Rise for All Home Insurance Perils
A new report indicates loss cost across all perils combined grew for the fourth year in a row in 2022, according to the latest LexisNexis "U.S. Home Trends Report." The 8th annual report on home ...
Survey: 79% of Organizations Sustained a Cyber Attack Within the Past Year
A new global survey of 1,309 IT and security professionals found that 79 percent of organizations suffered a cyber attack within the last 12 months, up from 68 percent just a year ago, according to ...
No Multi-factor Authentication in Place When Hackers Used Stolen Login Credentials in UnitedHealth Breach
Hackers breached UnitedHealth's tech unit on Feb. 12 by using stolen login credentials that gave them remote access to its network, the largest U.S. health insurer will testify before a House panel ...
As Wildfire Risk Grows, States Grapple to Retain Property Insurers
Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news — their property insurance won't be renewed because their insurance company ...
Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster
Current and former leaders with Florida property insurers have had some strong reactions to state regulators' recent efforts to oust company executives who previously helmed now-insolvent carriers. ...
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon
Global natural catastrophes cost insurers $17 billion during the first quarter of 2024, with economic losses rising above $45 billion, according to Aon's Q1 Global Catastrophe Recap – April 2024. ...
2024 Wildfire Forecast Calls for ‘Below Average’ Season
The approaching wildfire season may bring hazardous air quality from blazes burning across the U.S., but it's expected to be below the historical average in terms of the number of fires and acres ...
Survey: AI Associated With New Hiring Needs, Challenges in Finding the Right Talent
A new poll by Ernst & Young LLP finds that 50 percent of business leaders anticipate a combination of layoffs and hiring over the next six months as a direct result of AI adoption. Even with ...