The record-setting $6.3 billion hack of Binance, the world’s biggest cryptocurrency exchange, has been blamed on alleged North Korean hackers, who have become infamous for preying on the digital-asset industry. North Korean hackers have been accused by the FBI and …
Binance posted a net outflow of $3.6 billion in cryptoassets after restoring customer withdrawals on Sunday, a relatively soft blow to its overall business in the wake of the largest cyber theft in history, which has been attributed to North …
A $2.2 billion underwriting loss in 2025 certainly isn’t anything to celebrate, but when it comes to U.S. commercial auto insurers, there may be a reason to crack a smile. According to a new report from AM Best, the loss …
Residents and visitors in a small coastal city in Oregon were evacuated last week when a fire erupted at a seafood production plant and it was feared ammonia tanks could rupture and send dangerous amounts of the chemical into the …
Property insurance claim reviewers and engineers frequently encounter a forensic anomaly: A mitigation contractor reports a roof leak, logs ceiling moisture readings of 40%, 60%, or 80%, drills a line of holes into the drywall, and runs mechanical drying equipment …
An Alabama insurance agency cannot yet escape a boat dealer’s claim that the agency failed to refund thousands of dollars after coverage was canceled in 2023, the state Supreme Court said in a recent decision. McCarron Insurance Group, an independent …
A US federal appeals court on Friday reinstated a jury’s verdict against the National Football League in an antitrust lawsuit claiming it overcharged subscribers to its Sunday Ticket game telecasts for more than a decade, but said the league can …
Hong Kong’s Cathay Pacific Airways Ltd. said it had joined a growing list of global airlines affected by a data breach at a major software provider. Cathay said around 53,000 bookings were affected by unauthorized access to reservation data held …
American International Group (AIG) announced it has entered into a definitive agreement to acquire Everest Group Ltd.’s insurance subsidiary in Chile. AIG also announced the completion of its previously announced acquisition of Everest Compañía de Seguros Generales Colombia S.A. (Everest …
A federal judge threw out Donald Trump’s renewed $10 billion defamation lawsuit against the Wall Street Journal and ruled that it can’t be filed again, marking another setback for the president’s legal fights with the press. Judge Darrin Gayles in …