Monthly Archives: <span>January 2023</span>

Fewer Companies Are Paying Ransoms to Hackers, Researchers Say

Fewer companies that are infected with ransomware are coughing up extortion payments demanded by hackers, according to new research from Chainalysis Inc. In findings published on Thursday, the blockchain forensics firm estimated that ransom payments — which are almost always …

Ransomware Attack Closes 300 Yum Brands Eateries in UK for a Day

Yum! Brands, Inc. on Wednesday announced that a ransomware attack affected certain information technology systems. Almost 300 of its restaurants in the United Kingdom were closed for one day, but the company said all stores are now operational. Although data …

Fox Chief Rupert Murdoch to Be Deposed in $1.6B Dominion Defamation Case

Fox Corp. Chairman Rupert Murdoch is expected to be questioned under oath on Thursday and Friday in a defamation lawsuit over his network’s coverage of unfounded vote-rigging claims during the 2020 U.S. presidential election. Election technology company Dominion Voting Systems …

Insurers Agree to Extend ALE Coverage for Colorado Wildfire Survivors

Insurers agreed to a request from the Colorado Division of Insurance to extend additional living expenses coverage for Marshall Fire survivors. Homeowners’ insurance companies have agreed to extend coverage for up to 24 months for policyholders that only had 12 …

Collision With Avalanche Field Derailed Train in Alaska

No one was injured when an Alaska Railroad train derailed Tuesday near Girdwood after running into an avalanche field. Three crew members were aboard the freight train when it hit the snow field just before 2 a.m., railroad spokesperson Christy …

Relation Acquires Texas’ Laird

Relation Insurance Services, Inc. has acquired the assets of Kilgore, Texas-based Laird Insurance Agency. The transaction went into effect on January 3, 2023; terms of the transaction were not disclosed. Laird offers a full range of insurance products including property …

Supreme Court Rejects Gun Retailers’ Objection to New York Regulations

The US Supreme Court refused to block new safety and record-keeping requirements that apply to New York gun retailers, letting the provisions stay in effect while a legal fight goes forward. The justices, without explanation or noted dissent, on Wednesday …

Major Aviation Insurer AXA Pulls Back on War Coverage After Ukraine Losses: Reuters

The commercial arm of French insurer AXA is reducing cover offered to aviation companies as it seeks to protect the multibillion-euro business after heavy Ukraine-related losses, two underwriting and broking sources told Reuters. One of the top 10 players in …

Disaster Assistance Funds Available for Georgia Housing and Repairs After Tornadoes

The Federal Emergency Management Agency says that disaster assistance has been made available to Georgia in areas struck by a tornado outbreak across the South on Thursday. In an announcement Tuesday, FEMA said that President Joe Biden’s action makes federal …

Gunfire Damages Another Electrical Station but No Power Outages

A North Carolina utility said an electricity substation was damaged by gunfire early Tuesday but that it caused no power outages. The damage comes after a gunfire attack on multiple substations in Moore County knocked out power to more than …