The Securities and Exchange Commission has delayed a final rule requiring publicly traded corporations to report major cyber breaches and assaults in regulatory filings until October.
Author: Annie George
New U.S. Home Construction the Highest in More than Three Decades in May
Groundbreaking on single-family homebuilding projects in the United States increased by the highest in more than three decades in May, and permits for future construction also increased.
White Oak Sues Marsh for $143M Over Greensill Insurance
White Oak, a U.S. private finance group, is suing Marsh for $143 million in relation to its work for Greensill Capital, arguing the insurance broker failed to pass on crucial information regarding problems with the collapsed supply-chain finance firm’s insurance coverage.
Lightning Caused $952 Million in Insurance Claims in 2022: I.I.I.
More than $950 million in lightning-caused U.S. homeowners insurance claims were paid out in 2022 to 62,000-plus policyholders, with $125 million of the total attributable to California alone.
Corvus Insurance Unveils Corvus Signal™ to Reduce Cyber Breaches
Corvus Insurance launched Corvus Signal™, a risk prevention solution that brings together brokers, policyholders, and Corvus security experts in partnership.
Insurance Broker Acrisure Interviews Banks for 2024 IPO
Acrisure LLC, a large, closely-held insurance broker, is interviewing banks to go public next year, people with knowledge of the matter said, in a sign that equity markets may be opening up to new listings from strong companies.
Insurance Prices Will Keep Rising for ‘A Couple of Years at Least’
Inflation will drive insurance prices higher for “a couple of years at least”, Patrick Gallagher, chief executive, Gallagher, has said.
Swiss Re Identifies New Emerging Risks
From the opening-up of previously frozen waterways in the Arctic to hackers tampering with artificial intelligence, the emerging risk landscape is multi-faceted.
Microsoft Says Early June Disruptions to Outlook and Cloud Platform Were Cyberattacks
In early June, sporadic but serious service disruptions plagued Microsoft’s flagship office suite — including the Outlook email and OneDrive file-sharing apps — and cloud computing platform.
Flooding Hits American Towns
The unprecedented storms in the mountains of eastern Kentucky last summer illustrated a growing and often overlooked threat that scientists say is exacerbated by climate change: severe flooding across swaths of the inland U.S.