Insurers for Merck & Co. must help cover losses from a $1.4 billion cyberattack that the U.S. blamed on Russia, a court said, rejecting the insurers’ argument that the attack was akin to an act of war normally excluded from coverage.
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Premium Growth in Delegated Underwriting Authority Enterprise Market Continued Double-Digit Growth Rate in 2022
Direct premium flowing through the Delegated Underwriting Authority Enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8% to $67.6 billion, according to a new report from AM Best.
House Oversight Panel Wants FEMA to Explain High Flood Insurance Prices
The U.S. House committee charged with investigating government fraud and corruption demanded Monday that the Federal Emergency Management Agency detail just how its new flood insurance pricing system works.
Meta Says ChatGPT-Related Malware Is on the Rise
Facebook owner Meta said on Wednesday it had uncovered malware purveyors leveraging public interest in ChatGPT to lure users into downloading malicious apps and browser extensions.
Munich Re: Cyber Risks and Trends 2023
Future cyberattacks will be increasingly accelerated by key technology trends such as artificial intelligence like ChatGPT, the so-called “metaverse” and the expanding worlds of IT, Internet of Things (IoT) and operational technology (OT).
Travelers Injury Impact Report Reveals the Employees Most Vulnerable to Workplace Accidents
Analysis of 1.2 million workers compensation claims shows those injured on the job miss an average of 71 workdays.
Lack of Actionable Information in Notices Continues to Grow: ITRC Data Breach Analysis
According to ITRC’s Q1 2023 Data Breach Analysis, among the top ten breaches in Q1, 60 percent did not include information about the root cause of the event, compared to 40 percent in Q4 2022.
FDIC Signals Support for Narrow Changes to Deposit Insurance
Lawmakers could reduce the risk of bank runs by significantly raising deposit-insurance protection for accounts used for payroll and other business payments.
Coalition Releases Control 2.0, the Cyber Risk Management Platform for Businesses of All Sizes
Coalition announced the launch of the next generation of its cyber risk management platform, Coalition Control, to help organizations detect, assess, mitigate, and transfer cyber risk exposure.
WTW Launches Next-Generation Trading Solution to Connect Underwriters and Brokers
WTW has announced the global launch of Neuron, a sophisticated digital insurance platform.