U.S.
FBI Director Says TikTok Poses National Security Concerns
The U.S. operations of Chinese-owned TikTok raise national security concerns, says FBI Director Chris Wray, flagging the risk that the Chinese government could harness the video-sharing app to ...
RMS: Less Than $2B in Insured Losses From Hurricane Nicole
Catastrophe modeler RMS said private market U.S. insured losses from Hurricane Nicole are estimated at less than $2 billion, with a best estimate of $1.6 billion. This estimate represents insured ...
New York Proposes Changes to Financial Services Cybersecurity Regulation
More small financial services businesses will be exempt, the rules will be tailored to reflect more diversity in businesses, and top executives of financial services firms will face heightened ...
With Another Fla. Hurricane Coming, Signs Pointing to Bigger Spike in Reinsurance Rates
One of the largest providers of reinsurance for Florida carriers is predicting major increases in rates next year, a move that could add fuel to the fire for a reform package at the upcoming special ...
Federal Aid to Florida for Hurricane Ian Tops $2B
Federal aid to Florida for recovery from Hurricane Ian has topped the $2 billion mark, Biden administration officials announced Monday, one day before the midterm elections. Most of the money was ...
Ruling Exposes Gov’t to More than $1B in Damages Because of Harvey Flooding
A federal court has found the U.S. government liable for $455,000 in damages to six claimants whose homes were flooded by water backed up behind two dams near Houston during Hurricane Harvey — but ...
FEMA Flood Maps Are Misleading, Blocking Insurance Uptake: Report
Researchers at North Carolina State University have added their voices to the growing number of people who say that federal flood maps are inadequate and misleading, causing thousands of homeowners ...
U.S. Banks Spent $1B on Ransomware Payments in 2021: Treasury
U.S. financial institutions spent nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian criminal groups, according to the ...