News
FBI Takes Down Huge Global Army of Zombie Computer Devices
The FBI said it has dismantled what is likely the world's largest botnet — an army of 19 million infected computers — that was leased to hackers for cybercrimes. The botnet, which was spread ...
Musk Accused of $7.5 Billion of Insider Trades in Investor Suit
Elon Musk had inside knowledge of a miss on production and delivery numbers that Tesla Inc. was facing when he sold more than $7.5 billion in stock in 2022, a shareholder in the electric vehicle ...
32.7M Homes at Risk of Hurricane Damage, CoreLogic Report Shows
More than 32.7 million residential properties from Texas to Maine are at risk of moderate or severe damage sustained from hurricane-force winds, a new report shows. The large number of at-risk homes ...
AIG Drops Claims Against Former Execs Who Started E&S Insurer Dellwood
American International Group and a group of its excess and surplus lines subsidiaries have dropped claims against three former AIG executives who launched Dellwood Insurance Group but its claims ...
Signals ‘Promising’ for Florida Reforms’ Impact, Reinsurance Still a Drag
Analysts with the AM Best financial rating firm and other stakeholders are cautiously optimistic about the resurrection of the Florida property insurance market, 18 months after state lawmakers ...
American National Exiting Homeowners Insurance Market
Following its announcement several months ago to leave the homeowners insurance business in nine states including California and Louisiana, American National appears to be exiting the line in all ...
Nationwide Pet Shedding 100,000 Policies
The leading pet insurer in the U.S. said it is dropping about 100,000 policies starting this spring, citing inflation in the cost of veterinary care. Nationwide Pet, the leading provider of pet ...
Is Trampoline Install Covered by Landscapers Insurance Policy? A.I. Says Yes
Is the installation of an in-ground trampoline considered landscaping work, covered by a landscaper's liability insurance policy? Artificial intelligence programs suggest that it is. But human judges ...