Technology is moving extremely fast, and a recent Clyde & Co survey of global business leaders has found that associated risks are weighing heavily. According to the law firm’s latest Corporate Risk Radar, 86% of leaders—CEOs, CFOs, COOs, general counsel, …
The U.S. cyber insurance market may be facing a time of transition as certain signs point to eventual adverse development. According to AM Best, the market’s loss ratio in 2025 increased for the second straight year to 53—the first time …
The U.S. cyber insurance market may be facing a time of transition as certain signs point to eventual adverse development. According to AM Best, the market’s loss ratio in 2025 increased for the second straight year to 53—the first time …
The U.S. House of Representatives has overwhelmingly passed legislation to extend the public-private partnership to insure terrorism risk though 2034. The TRIA Program Reauthorization Act of 2026 (HR 7128), sponsored by Mike Flood, R-Neb., passed by a vote of vote …
Howden is being sued again, this time by IMA Financial Group. IMA said in a federal lawsuit filed in U.S. District Court in Oregon that its former employer, Alexander Hamilton, allegedly conspired with Howden US to “orchestrate the coordinated resignation …
Motley, complicated risks are presented with the proliferation of data centers across the U.S. to bolster critical infrastructure for artificial intelligence. A new report from AM Best outlines “substantial insurance demand” evolving for the warehouse-sized facilities of computer servers. “With …
The administrator of a bankruptcy plan for the genetics-testing company once known as 23andMe agreed to dole out a total of $46.75 million to victims in a deal to end litigation stemming from a 2023 data breach. According to records …
Marsh & McLennan Agency has filed suit against brokerage Patriot Growth Insurance Services and eight former members of a surety team over an alleged poaching scheme. Filed early June in U.S. District Court for the Southern District of New York …
Hackers are still trying to trick people to exploit an organization’s systems, but more breaches now with software vulnerabilities Stolen passwords, or credential abuse, are no longer the top way hackers breach systems, according to Verizon’s latest annual Data Breach …
Acrisure’s CEO told employees that about 2,250 of them won’t be with the company by the end of 2027. The Grand Rapids, Michigan-based global broker is planning to reduce its headcount by about 11%, mostly in the U.S., said a …