As “the next digital pandemic,” cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert. With “a lack of controls at [an] insurer, [you] could have catastrophic damages to an entire portfolio,” said Jack Kudale, …
A Tesla Inc. Model S Plaid electric vehicle burst into flames on Tuesday while the owner was driving, just three days after the $129,900, top-of-the-range car was delivered following its June launch, an attorney for the driver told Reuters. The …
The Boy Scouts of America reached settlement with a major group of sex-abuse survivors, a defining moment in the organization’s bankruptcy case. The Boy Scouts have offered $850 million in cash and other assets to 60,000 abuse victims, including $59 …
Pacific Gas & Electric asked regulators Wednesday to grant a $3.6 billion rate hike to help it pay for hardening its power systems to prevent deadly wildfires. The nation’s largest electric utility requested the hike beginning in 2023, with half …
A 15-year plan to abate the opioid crisis in a West Virginia community will cost local officials $2.5 billion, a forensic economist has testified. George Barrett testified Tuesday that Cabell County and the city of Huntington would need to spend …
A team of technical experts from the federal government and outside specialists are going to gather building material samples and study soil conditions in order to determine the engineering reasons behind the collapse of a South Florida condominium building, officials …
The Texas Department of Insurance issued a notice this week of the availability of a new option to take a certification exam at your home or at an office online for most major insurance agent lines. An off-site monitor will …
The nation’s largest property/casualty insurance organization is defending ransom payment reimbursements by insurers in a new set of principles stressing that the insurance industry wants to partner with government and business to improve cybersecurity. The insurers say they “must be …
Refunding fines to Ohio businesses cited for violating public health orders during the coronavirus pandemic would send a “horrible” message to the vast majority of companies that followed the rules, GOP Gov. Mike DeWine said this week as he explained …
ISMAILIA, Egypt – An Egyptian court on Sunday adjourned hearings to July 11 in a compensation dispute over the container ship that blocked the Suez Canal in March, to allow the canal and the vessel’s owner to finalize a settlement, …