U.S. Regulators Push for Recall of 52 Million Air Bag Inflators

Government to recall 52 million airbags

U.S. National Highway Traffic Safety Administration (NHTSA) officials on Thursday told a public hearing the government should require the recall of 52 million air bag inflators produced by auto suppliers ARC Automotive and Delphi Automotive because they may rupture and send metal fragments flying.

Gamma Iota Sigma Unveils 2023 Recruiting Survey Data at 52nd Annual International Conference

Insurance and risk management conference

Gamma Iota Sigma (GIS), America’s premier risk management, insurance and actuarial science-focused collegiate talent organization gathered 900 industry professionals and students and faculty from 69 colleges and universities for its 52nd Annual International Conference in Baltimore on September 28 and 29.

MGM Expects Q3 Profit to Take $100M Hit from Cyberattack

BEC attacks

The recent cyberattack that caused many services at MGM Resorts International to be unavailable is expected to reduce its third-quarter profit by $100 million, according to the company’s 8-K filing on Thursday. The negative impact is expected predominantly in its Las Vegas operations but will have a minimal impact during the fourth quarter.

State Approves Private Insurers to Take 153,000 More Homeowners Policies from Citizens

Florida insurer of last resort

Amid a push to move policyholders into the private market, regulators have approved proposals by six private insurers to take as many 153,000 policies from the Florida’s Citizens Property Insurance Corp., the state’s property insurer of last resort.

C-Suite Leaders to Boost Cybersecurity Compliance Amid SEC Disclosure Rule: Deloitte

D&O insurance rates not sustainable

Almost two-thirds of executives at publicly traded companies will strengthen their cybersecurity programs following the new Securities and Exchange Commission rule that requires companies to report material incidents within four business days, according to a Deloitte poll released Tuesday.