Verisk’s Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe event. With the designation, PCS Global Cyber believes what has come to be known as the CrowdStrike event will cause …
Bain Capital Insurance has announced a capital investment in 1970 Group, a New York-based specialized risk financing provider to the insurance industry. 1970 Group offers expertise in structured financing, credit support and risk management. The company pioneered the concept of …
Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the 10-year average — as extreme wildfires, droughts and floods upend historical norms. The data, which were compiled by Munich Re, …
Tesla is recalling 1.85 million vehicles in the United States due to risk of software failure to detect an unlatched hood, the automaker said. An unlatched hood could fully open and obstruct the driver’s view, raising the risk of a …
Brady Named Resilience Chief Underwriting Officer Resilience, headquartered in San Francisco, named Killian Brady as chief underwriting officer. Brady will oversee all aspects of the underwriting function for middle market and large enterprise clients across Resilience’s cyber and tech E&O …
The federal government is giving more than a half-billion dollars to coastal communities to help them use nature-based preventative measures to address climate-related flooding and other disasters. The National Oceanic and Atmospheric Administration on Friday announced it is allocating $575 …
Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday. The Atlanta-based airline has been the …
Clients who try to reach Higginbotham executive Marc Spivey this week will be met with an unusual out of office message. Greetings! I am in Paris to cheer on my daughter Taylor who is competing in the 2024 Olympics. … …
Amazon.com is responsible for hazardous products sold by third-party sellers on its platform under the federal safety law and bears legal responsibility for their recall, the U.S. Consumer Product Safety Commission said on Tuesday. The CPSC said it has issued …
A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire. U.S. …
