New York Issues Letter to Regulated Entities Regarding Microsoft Exchange Breach March 12, 2021 The New York Department of Financial Services’ (DFS) Cybersecurity Division issued a March 9 letter to regulated entities regarding the...
Missouri Reform School Owners Charged with Abuse March 12, 2021 By Margaret Stafford The owners of a former Christian reform school for girls in southwest Missouri are charged with more than 100 counts...
Minnesota Power Outages Amid Snow, Rain, Hail March 12, 2021 Heavy snow and high winds in northeastern Minnesota left hundreds without power and caused hazardous travel conditions while the southeastern...
Oregon Lawsuits Seek $1B From Pacific Power over Wildfires March 12, 2021 Two new lawsuits filed in Marion County, Ore., seek more than $1 billion in damages from Pacific Power, claiming the...
Ransom-Seeking Hackers Are Exploiting Flaws in Microsoft Email Software March 12, 2021 By Raphael Satter Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft’s widely used mail server software, the company...
Union Raises More Than $61K for Injured Shipyard Worker in Maine March 12, 2021 The Machinists Union is providing more than $61,000 to help a shipbuilder recover from a gruesome injury at Bath Iron...
$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley March 12, 2021 Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial...
The MEMIC Group Promotes Funk to President of the Eastern Region March 12, 2021 The MEMIC Group, a Portland, Maine-headquartered workers’ compensation insurance specialty carrier, has promoted Jeffrey Funk to the title of president...
Carrier Can’t Subrogate Against Students Who Caused Dartmouth Dormitory Fire March 12, 2021 By Jim Sams An insurer that paid $4.5 million to Dartmouth College to restore a dormitory that was damaged by fire can’t seek...
P/C Insurers Improved Profitability in Year of Coronavirus: AM Best March 12, 2021 Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase in...