News
Tokio Marine’s Singapore Subsidiary Struck by Cyber Attack
Tokio Marine Insurance Singapore Ltd. (TMiS), a subsidiary of Tokio Marine Group, announced it was hit by a ransomware cyber attack. Upon a detection of the attack, TMiS immediately took necessary ...
Former Purdue Pharma President Sackler Testifies His Family Didn’t Fuel Opioid Epidemic
Former Purdue Pharma President Richard Sackler said on Wednesday that his family's reign over the OxyContin maker did not contribute to the national opioid epidemic and downplayed his role in a ...
U.S. Cannabis Insurers Quietly Prepare for Increasingly Likely Federal Legalization
Insurers are quietly gearing up for a potential ten-fold increase in sales to the booming $17.6 billion-a-year cannabis industry as Congress inches closer to legalizing pot at the federal level. ...
Ohio Mutual Insurance Group and SimpliSafe to Partner on Risk Mitigation Initiative
Regional insurer Ohio Mutual Insurance Group is partnering with home security systems maker SimpliSafe to offer preventative smart home protection against major insurance perils to homeowners in ...
Kin Insurance Upgrades Reinsurance Program to Beef Up Disaster Protection Capacity
Kin Insurance said it has upgraded its reinsurance program to enhance its disaster protection and beef up its ability to serve catastrophe prone regions, particularly in light of worsening climate ...
T-Mobile Discloses Data Breach Affecting 40 Million People
T-Mobile US Inc said on Wednesday an investigation into a data breach revealed that personal data, including social security numbers and driver's license information, of more than 40 million former ...
Switzerland Lays Out Climate Risk Disclosure Timeline, Joining an Elite Group
The Swiss government on Wednesday joined a small number of rich countries that have set a timeline for major companies to disclose the risks they face from climate change. Global powers have been ...
Hagerty, an Insurer of Classic Cars, Will Go Public in $3B SPAC Deal
Hagerty, an insurer of classic cars, has agreed to go public through a merger with SPAC Aldel Financial Inc in a deal that values it at $3.13 billion, the companies said on Wednesday. Hagerty ...