Claims / Legal
The Ransomware Epidemic by the Numbers
During a session of the Casualty Actuarial Society Seminar on Reinsurance in June, Alexander Podmore, AVP and cyber underwriter for Swiss Re, defined a growing problem for cyber ...
Legalized Marijuana Linked With Higher State Crash Rates
Researchers report increasing evidence that motor vehicle crash rates rise when states legalize recreational use and retail sales of marijuana, although what effects marijuana itself has on drivers ...
Foam With ‘Forever Chemicals’ Used to Put Out Chemical Plant Fire
A company hired to help extinguish a fire that gutted a northern Illinois chemical plant last week used foam containing toxic compounds that have tainted surface waters and groundwater across the ...
Rare COVID Biz Interruption Win Hinges on Past Cat Urine Case Ruling
A judge has ruled in favor of a group of hotels whose owners sued their insurance carriers over lost business during the coronavirus pandemic. Businessman Mark Stebbins of Schleicher & Stebbins ...
Software Bug, Not Cyber Attack, Takes Down Airlines, Banks
A software bug at a major network provider briefly knocked dozens of financial institutions, airlines and other companies across the globe offline during peak business hours in Asia. Akamai, which ...
Weekend Storm Warnings Issued For Gulf Coast: Louisiana to Florida
The National Hurricane Center's updated its tropical storm warning for the Gulf Coast is in effect for east of Morgan City, Louisiana to the Okaloosa/Walton County line in Florida. The center has ...
Google to Confront Revived Shareholder Lawsuit Alleging It Hid Security Risks
A U.S. appeals court on Wednesday revived a lawsuit in which shareholders of Google parent Alphabet Inc accused the company of fraudulently concealing security vulnerabilities, including in its ...
Reinsurers Seek Ways to Exclude Coal From Treaty Reinsurance
Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global climate change commitments, but now comes the hard part - finding ways to ...