Monthly Archives: <span>October 2022</span>

Philippines’ Death Toll From Storm Nalgae Rises to 98

The Philippines said 98 people died from flooding and landslides triggered by storm Nalgae, which hit the country over the weekend. The death toll has risen from 48 reported Sunday, the National Disaster Risk Reduction and Management Council said on …

South Korea Begins Investigation Into Deadly Halloween Crush, as Death Toll Rises

South Korean investigators combed footage on Monday from more than 50 state and private closed-circuit TV cameras as well as from social media looking for answers to how a surge in Halloween party-goers trapped in narrow alleys killed so many. …

Europe’s Biggest Copper Smelter Hit as Part of Wider Cyberattack on Metals Industry

Aurubis, Europe’s biggest copper smelter, said on Friday it had been targeted as part of a wider cyberattack on the metals and mining industry which had forced it to shut down its IT systems and disconnect them from the internet. …

Australia’s Hacking Frenzy Spurred by Understaffed Cybersecurity Workforce

A swathe of hacks on some of Australia’s biggest companies has made the country a target for copycat attacks just as a skills shortage leaves an understaffed, overworked cybersecurity workforce ill-equipped to stop it, technology experts said. As Monday saw …

Q3 Net Income Down 30% at The Hartford; $214M in Ian Losses

Compared to the same window last year, net income at The Hartford was down during the third quarter of 2022 – but core earnings were up during what the company’s CEO described as a strong stretch. Third quarter 2022 net …

What Cyber Underwriters Miss: Small Businesses Aren’t Using MFA Correctly, Advisen Panel Says

As cyber threat actors continue to innovate and find new ways to increase their odds of success, panelists at the 2022 Advisen Cyber Risk Insights Conference urged underwriters to raise the stakes when assessing insureds’ cyber exposure. One specific area …

Universal P&C Posts $72 Million Loss, But Says it’s Well-Covered with Reinsurance

Universal Insurance Holdings Inc., the parent company of Universal Property & Casualty Insurance Co., Florida’s second-largest carrier, posted a $72 million loss for the third quarter of this year. That’s in contrast to a $20 million profit for Q3 2021. …

Investment Advisor Sentenced in Fraud that Added To NC Mutual’s Troubles

Federal prosecutors have said that Bradley Reifler, a New York-based investment manager, contributed greatly to the demise of North Carolina Mutual Life Insurance Co., the oldest black-owned insurance company in the United States. Last week, a judge sentenced Reifler to …

Lawyer Who Fought Florida Helmet Laws Died in Crash Without Helmet

In the late 1990s, when Florida bikers were still required to wear helmets, Pinellas lawyer Ron Smith was an aggressive advocate for overturning the law. Smith was a member of ABATE — A Brotherhood Against Totalitarian Enactments and American Bikers …

3 Maryland State Police Officers File Discrimination Lawsuit

Three Maryland State Police officers have filed a proposed federal class-action lawsuit against the department, alleging widespread racial discrimination in the agency. The lawsuit, filed Monday in U.S. District Court in Greenbelt, alleges that the state police disciplines officers of …