A city in northern Alabama will pay a ransom worth $300,000 in Bitcoins in response to a hack of its computer system. Florence City Council voted unanimously at an emergency meeting Wednesday evening to make the payment from the city’s …
Google filed a lawsuit accusing home speaker maker Sonos Inc. of infringing five of its patents, escalating tensions between the partners that have already led to a U.S. International Trade Commission probe. In a complaint filed on Thursday in San …
Atlanta-based global insurance claims management firm McLarens reported it has acquired London-based Lloyd Warwick International (LWI), a provider of global specialty loss and insurance adjusters. McLaren purchased the firm from LWI employees and Crawford & Co. Financial terms of the …
Note: In a previous story about there being fewer tornadoes in Oklahoma thus far in 2020, The Associated Press erroneously reported the number of tornadoes through the first five months of 2019. There were 127, not 186 during that time …
Texas Gov. Greg Abbott didn’t predict that the number of COVID-19 cases would fall as the state allowed businesses and cultural centers to reopen. In fact, he said allowing more people back into public places could increase the spread of …
A South African regulator is studying insurance contracts after customers complained that claims related to the coronavirus were unfairly rejected. One outcome from the process could include an order from the Financial Sector Conduct Authority on the fairness of wording …
Pandemic threats were once on the list of potential emerging risks facing the insurance industry and society. Now that this risk has materialized with the COVID-19 crisis, it is perhaps a good time to take a look at the latest …
U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover. The industry has warned it could cost them $255 billion to $431 …
Nautilus Insurance Group has promoted two senior staff members to the position of executive vice president. Trish Buckhardt, senior vice president, chief operating officer (COO), and chief information officer (CIO), has been promoted to executive vice president while retaining both …
One nearly empty passenger jet “climbed like a rocket,” prompting the pilots to exceed their assigned altitude. Others have scraped their tails on takeoff, gone off course or strayed close enough to other aircraft to prompt mid-air collision alerts. The …
