AM Best Reports US P/C Industry Underwriting Loss Reaches 10-Year High March 7, 2024 Industry rating agency AM Best said the U.S. property/casualty industry’s underwriting loss for 2023 reached a 10-year high of $38...
Washington Commissioner Wants Insurers to Modify Claims Process for Wildfire Victims March 7, 2024 Washington Insurance Commissioner Mike Kreidler on Wednesday sent a letter to insurers urging them to consider loosening personal property claim...
Buffett’s Oregon Fire Costs Grow as He Sours on Utilities March 6, 2024 By Rachel Graf Berkshire Hathaway Inc.’s PacifiCorp was hit with at least another $29.3 million in damages for Oregon’s 2020 Labor Day fires,...
Risk Reigns in Ocean Shipping, Industry and Economic Experts Say March 6, 2024 By Lisa Baertlein Risk is the “new normal” for the global ocean shipping industry that handles 80% of global trade as pressure from...
Cyber Threat Index Predicts Total Published CVEs to Increase by 25% in 2024 March 6, 2024 The total number of common vulnerabilities and exposures (CVEs) is expected to increase by 25% in 2024 to 34,888 vulnerabilities,...
Hacker Forum: UnitedHealth Paid $22M Ransom in Bid to Recover Data March 5, 2024 By Raphael Satter A post on a hacker forum popular with cybercriminals has claimed UnitedHealth Group paid $22 million in a bid to...
Insurance Shopping Likely to Remain Strong in 2024, Despite Seasonal Dip in Q4 2023 March 5, 2024 Personal and auto insurance shopping is likely to increase in 2024 due to several market factors, new research shows. The...
War Insurers Shrug off Rubymar Sinking in Red Sea, Rates Stable March 5, 2024 By Jonathan Saul The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar...
North Korea Broke Into South Korean Chip Equipment Firms: Seoul’s Spy Agency March 4, 2024 By Hyonhee Shin North Korea’s hacking groups have broken into at least two South Korean manufacturers of chipmaking equipment, as the country looks...
Europe’s Biggest Pork Producer Loses in Greenwashing Case March 1, 2024 A high court in Denmark ruled that Europe’s biggest pork producer misled consumers by advertising its meat as “climate-controlled” in...