The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new campaign targeting banks and insurance companies, according to cybersecurity researchers.
Category: Show on Homepage
Gov. Newsom’s Latest Insurance Move Could Help Californians Avoid Canceled Policies
As some Californians continue scrambling for ways to affordably insure their homes, Gov. Gavin Newsom on Friday announced a push to expedite how quickly insurance companies can increase rates.
Mercury General Could Add Thousands of Tokio Marine California Customers Under Exit Plan
Mercury General Corp. said it will offer policies to what could be thousands of new California personal lines customers, under a plan crafted with exiting writer Tokio Marine America and subsidiary Trans Pacific Insurance Co.
Corporate Verdicts Go Thermonuclear: Large Jury Awards Rise Nearly 30%
From rapper Flo Rida’s $82 million breach of contract case against an energy drink company to a nearly $1 billion sports car liability award against Mitsubishi, juries across the country in 2023 found corporate defendants liable for over $14.5 billion in “nuclear verdicts.”
Porch Sues China Construction Bank in U.S. Over Vesttoo Reinsurance Fraud
U.S. insurance and home inspection software provider Porch Group is suing China Construction Bank Corp (CCB), the country’s third-biggest lender by assets, for allegedly enabling a “massive fraud” that caused “monumental losses” for Porch.
Bad News for Hurricane Season: La Niña Chances Grow More Certain, NOAA Says
Climate troublemaker La Niña isn’t here yet – but it is on the way, federal weather forecasters said in a report released Thursday morning.
Liberty Mutual Q1 Net Income Leaps to $1.54B; U.S. Premiums Drop as Rates Climb
Liberty Mutual Holding Co. Inc. swung to a $1.54 billion net attributable income in the first quarter from a $74 million attributable net loss a year earlier on improved losses and the sale of GRM West operations, according to President and Chief Executive Officer Tim Sweeney.
White House to Push Cybersecurity Standards on Hospitals
The Biden administration intends to require hospitals to meet minimum cybersecurity standards after a single hack exposed the data of 100 million Americans.
Hamilton Insurance CEO: $37.9M Baltimore Bridge Loss Will Boost Positive Rate Trend
Hamilton Insurance Group Ltd.’s chief executive officer said the Baltimore bridge collapse is likely one of the largest potential marine losses ever to hit the market, as the group’s first-quarter profit and premiums surged amid positive market conditions.
Risk Professionals Take on Emergent AI, Climate Change and Global Conflict
Generative artificial intelligence, geopolitical tension, punishing climate events—the list of headaches for businesses’ risk managers can seem to be in a perpetual state of growth.