News
Global Ransomware Attacks Reach Record High in 2023, Says Corvus
Despite law enforcement actions, fourth-quarter 2023 ransomware incidents still surpassed 2022 by nearly 70 percent, and the number of active ransomware groups grew by 34 percent. Corvus Insurance ...
Former Allianz Execs Raise Funds for Carbon Credit-Backed Insurance
An insurance startup founded by three former Allianz executives that aims to guarantee companies buying carbon credits get the permits they've paid for has closed the biggest European climate-focused ...
Boeing Under Scrutiny for Safety Issues as It Reports Results
When Boeing CEO Dave Calhoun delivers the company's fourth-quarter results on Wednesday, he will be doing it while the planemaker is in the middle of its biggest safety crisis since the two fatal 737 ...
Report: Cyber Criminals Focus on Midsize Businesses’ Cloud Infrastructure
A new report highlights the latest target of cyber crime: midsize businesses and their cloud infrastructure. Ransomware is again on the rise, according to Delinea, a Privileged Access Management ...
U.S. AI Developers Must Report Safety Test Findings to Feds
The Biden administration will start implementing a new requirement for the developers of major artificial intelligence systems to disclose their safety test results to the government. The White House ...
NCCI President and CEO Donnell to Retire Early Next Year
The National Council on Compensation Insurance (NCCI) said President and Chief Executive Officer Bill Donnell plans to retire in February 2025 after about 10 years with the organization. "It's been ...
Reforms to U.S. Disaster Aid Expose Growing Home Insurance Gap
When disaster hits in the U.S., the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency delivered $3.25 billion to nearly ...
Climate Change Drives Amazon Rainforest’s Record Drought: Study
Climate change is the main culprit for a record drought in the Amazon rainforest that has drained rivers, killed endangered dolphins and upended life for millions of people in the region, according ...