News
Zoom Settles ‘Zoombombing’ and Privacy Rights Lawsuit for $85M
Zoom Video Communications Inc. agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming it violated users' privacy rights by sharing personal data with Facebook, ...
New Securities Class Actions Decline 25% in First Half of Year
Plaintiffs filed 112 new securities class action lawsuits in federal and state courts in the first half of 2021, down 25% from the second half of 2020. This was the lowest number of filings since the ...
How Reinsurers’ Results Rebounded in First Half 2021 From 2020
The first half financial results reported by a group of six reinsurers over the past week generally show a strong return to profits after last year's challenging market conditions. A wrap-up of these ...
How Reinsurers’ Results Rebounded in First Half 2021 from 2020
The first half financial results reported by a group of six reinsurers over the past week generally show a strong return to profits after last year's challenging market conditions. A wrap-up of these ...
Ireland Looks to Boost Penalties for Senior Executives for Company Failings
DUBLIN – Ireland will introduce long-anticipated laws to make senior bankers and executives in other financial sectors directly accountable for failings at institutions over the next 12 to 18 ...CNA Finished Strong in Q2 After Ransomware Attack
CNA Financial Corp. (CNA) announced second quarter 2021 net income of $368 million versus $151 million in the prior year quarter. The quarter saw improvement in the underlying combined ratio, very ...
Insurance Withdrawal Puts Sports and Festival Events at Risk
While there was debate about the wisdom of the Tokyo Olympics proceeding as scheduled given the current health conditions, the insurance industry dodged a bullet with the go-ahead. According to ...
MGA reThought Insurance Nails $15.5M Investment to Boost Flood Insurance Market Push
The MGA reThought Insurance secured a $15.5 million investment round designed to accelerate its growth in the U.S. Commercial flood insurance market. Several investors participated in the Colorado ...