Cyber Insurance Rates Fall As Businesses Improve Security, Report Says July 1, 2024 By Carolyn Cohn Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as...
The White House Wants $4B to Rebuild Key Bridge in Baltimore And Respond to Other Disasters July 1, 2024 By Seung Min Kim The White House is seeking roughly $4 billion in additional emergency funding from Congress for costs related to the collapse...
Record-Breaking Hurricane Beryl Is Getting Stronger on a Path to Grenada July 1, 2024 By Brian K. Sullivan Record-breaking Hurricane Beryl is intensifying as it churns through the Caribbean south of Grenada, where it’s forecast to unleash catastrophic...
Justice Department to Charge Boeing, Seeks Guilty Plea From Planemaker July 1, 2024 By Allyson Versprille and Chris Strohm The US Justice Department will charge Boeing Co. with criminal fraud, leaving the planemaker to choose between pleading guilty or...
Texas Health System Loses COVID-19 Business Interruption Suit – 5th Circuit July 1, 2024 By Ezra Amacher A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses...
Citi Seeks Dismissal of Ex-Compliance Worker’s Retaliation Suit July 1, 2024 By Sabrina Willmer Citigroup Inc. asked a court to dismiss a lawsuit by a former senior data compliance official who accused it of...
Allstate, Nationwide Post Dramatic First Quarter Homeowners Loss Ratio Drops July 1, 2024 In the topsy-turvy world of homeowners insurance, first-quarter loss ratios have been bouncing around for the last five years—from below...