RISK Management Top Stories
The U.S. government on Thursday unveiled an online hub for the victims of ransomware attacks, saying it will make it easier for companies and municipalities to find resources and get assistance if they are targeted by cyber hackers.
An Israeli group sold a tool to hack into Microsoft Windows, Microsoft Corp. and technology human rights group Citizen Lab said on Thursday, shedding light on the growing business of finding and selling tools to hack widely used software.
Facebook said Thursday it had taken down about 200 accounts run by a group of hackers in Iran as part of a cyber-spying operation that targeted mostly U.S. military personnel and people working at defense and aerospace companies.
Connecticut is following Utah and Ohio in approving legislation that provides a safe harbor for companies with cybersecurity programs.
Cloud computing providers to the financial sector can be “secretive,” and regulators need to act to avoid banks’ reliance on a handful of outside firms becoming a threat to financial stability, the Bank of England said on Tuesday.
Websites run by the ransomware gang REvil suddenly became unreachable Tuesday.
Aon PLC said Tuesday it has named Adam Bixby as managing director, proactive security leader, for cyber solutions North America.
(Reuters) — A district council in eastern Germany has declared a disaster after its computer systems were paralyzed by a hacker attack in what the federal cybersecurity watchdog confirmed was the country’s first-ever “cyber-catastrophe.” Hackers knocked out the IT operations of the municipality of Anhalt-Bitterfeld, in the state of Saxony-Anhalt, on Tuesday, a spokesperson confirmed to Reuters on […]
(Reuters) — China’s Ministry of Industry and Information Technology said on Monday it has issued a draft three-year action plan to develop the country’s cybersecurity industry, estimating the sector may be worth more than 250 billion yuan ($38.6 billion) by 2023. The draft comes as Chinese authorities step up efforts to draft regulations to better […]
(Reuters) — Chinese telecommunications company Huawei Technologies Co. Ltd. and U.S. group Verizon Communications Inc. agreed to settle a pair of lawsuits alleging patent infringement, the companies both said on Monday. The confidential settlement came days into a trial that opened in one of the two lawsuits last week. Huawei and Verizon filed joint motions […]
The heavy metal band Metallica has filed a suit against Lloyd’s of London over losses suffered as a result of having to twice postpone its South American tour because of COVID-19 shutdowns.
Risk Placement Services Inc. has launched a professional liability program for agents and brokers underwritten by ISMIE Indemnity Co., a subsidiary of ISMIE Mutual Insurance Co.
McDonald’s Corp., the world’s largest burger chain, said on Friday that a data breach in South Korea and Taiwan has exposed some customer and employee information, making it the latest global company to be targeted by cybercriminals.
U.S. government employees should not be required to be vaccinated against COVID-19 before returning to their workplace or made to disclose their vaccination status, according to guidance from the Biden administration.
AssuredPartners Inc. has bought B&H Insurance LLC, an insurance agency with about $8 million in annual revenue.
No surprise about this week’s No. 1 story — the annual list of the five highest-paid insurance executives, led by Peter Zaffino, president and CEO of American International Group Inc.
The Occupational Safety and Health Administration on Thursday updated its guidance for all industries, closely mirroring what is currently in place in the Centers for Disease Control and Prevention’s guidelines.
An Eatontown, New Jersey, manufacturer has been fined $13,653 for allegedly failing to protect employees adequately from workplace exposure to COVID-19 following two deaths.
The Spencer Educational Foundation will honor Peter Garvey, vice chairman of Galway Insurance Holdings LLC, the holding company for EPIC Insurance Brokers & Consultants, and Mary Roth, CEO of the Risk & Insurance Management Society Inc. during its annual fundraising campaign.
From automated estimating to mobile technologies, on-demand tools and networked solutions, technology advancements introduced during Crawford’s 80-year history are improving claimants’ experience. In this Business Insurance Risk Perspective, Crawford leaders highlight some of the biggest changes in claims handling over the past eight decades.
Meatpacker JBS USA paid a ransom equivalent to $11 million following a cyberattack that disrupted its North American and Australian operations, the company’s CEO said in a statement on Wednesday.
Commercial insurance markets are seeing continued rate increases as the COVID-19 pandemic exacerbates already-hard market conditions across most property/casualty lines, according to a report released Thursday by USI Insurance Services LLC.
Compensation changes for top executives at the largest commercial insurers varied significantly last year.
The California Occupational Safety and Health Standards Board unanimously voted Wednesday night to withdraw revisions to the California Division of Occupational Safety and Health’s COVID-19 emergency temporary standard seven days after they were approved.
Cybersecurity exposures top the list of emerging risks for insurers, which must deal with both coverage and operational issues relating to risk, a panel of chief risk officers said.
The Occupational Safety and Health Administration on Thursday released the details of its long-awaited Emergency Temporary Standard, which it says will only apply to health care workers.
Covea, the top shareholder of Scor SE, on Thursday agreed to an orderly exit from Scor as the battling insurance groups reached a settlement over a frustrated takeover attempt and ensuing legal disputes.
Increased connectivity and greater use of technology will be the legacy of the pandemic, according to the CEOs of some of the world’s largest insurers.
The Occupational Safety and Health Administration will release its long-awaited COVID-19 emergency temporary standard on Thursday.
Volkswagen said Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin Winterkorn, that will see the carmaker receive €288 million ($351 million) in compensation related to its emissions scandal.