Walmart Sales Soared, Essential Workers Got Scant Protection May 14, 2021 COLLEGE PARK, Md. (AP) — Sandra Kunz had been worried for her safety while working as a cashier at a... Read More
Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom May 14, 2021 By William Turton, Michael Riley and Jennifer Jacobs Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the... Read More
Fitch Says Sharp Drop in Claims Frequency Helped Commercial Auto Break Even, Almost May 14, 2021 By Jim Sams A sharp decline in claim frequency helped the commercial auto line achieve its best underwriting performance in a decade last... Read More
Scramble on for New Fuel Routes After Colonial Pipeline Hack May 13, 2021 By Stephanie Kelly After a six-day outage, the top U.S. fuel pipeline on Thursday moved some of the first millions of gallons of... Read More
Cloudy D&O Policy Language May Force Insurer to Pay for Defense of Investor Suit May 13, 2021 By Jim Sams Because of “ambiguous” policy language in a complicated insurance contract, a directors and officers insurer may be liable for more... Read More
DarkSide Hackers Mint Money With Ransomware Franchise May 12, 2021 By Michael Riley and Alyza Sebenius When a new ransomware group popped up on the scene last year, the hackers did what’s in vogue for digital... Read More
With $2,300 Phone Calls, Purdue Runs Up Huge Bankruptcy Tab May 12, 2021 By Jeremy Hill and Dawn McCarty One phone call with the Department of Justice: $2,300. Two days at the Ritz-Carlton: $830. Oh, and a lengthy cab... Read More
Waymo, Cruise Seek Permits to Charge for Self-Driving Car Rides in San Francisco May 12, 2021 By Hyunjoo Jin and Paresh Dave Alphabet Inc’s Waymo and rival Cruise have applied for permits needed to start charging for rides and delivery using autonomous... Read More
NCCI: Workers’ Comp Line Thrives Despite COVID-19 May 11, 2021 By Jim Sams The workers’ compensation line powered through the COVID-19 pandemic last year, generating an average profit of 24% while carriers built... Read More
Insurer of Ship That Blocked Suez Canal Says Reduced Claim Still High May 11, 2021 CAIRO — UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday... Read More