Crédit Mutuel Arkéa said hackers stole money from it after gaining access to its computer systems, underscoring the growing cybersecurity risks for the banking sector. The French lender “was the victim of a cyberattack that enabled fraudulent transactions to be …
Small and midsize carriers “form the backbone” of the private insurance market, and they are being bogged down by the cost of regulatory and corporate compliance. The American Property Casualty Insurance Association (APCIA) is starting an initiative to try and …
Florida’s governor declared a state of emergency for seven counties after three days of extreme rainfall caused flooding in Brevard, DeSoto, Hardee, Highlands, Indian River, Martin and St. Lucie counties. The “1-in-1,000-year” event, as it was described by the National …
Jane Kim led fellow Democrat Ben Allen in the race for California insurance commissioner with by more than 265,000 votes in Tuesday’s election. As of Wednesday morning, 99.8% of precincts had reported in. Kim had 52% of the vote. Kim …
A cyberattack on supermarket fridges across Europe is just an early sign of what are likely to be increasingly frequent disruptions as old technology fails to keep pace with hackers, Britain’s cybersecurity chief said on Tuesday. On Monday, fridges and …
3M Co. is committing $7.35 billion over nine years to settle litigation related to its use of chemicals known as PFAS. The company said the commitment would address almost all of the 115,000 to 120,000 personal injury claims that are …
Paperclip, Inc., a New Jersey-based insurance technology company, announced that it has completed the acquisition of Apis Productions, LLC. Apis provides technology for the insurance industry including websites and portals, hosting and security, custom application development, marketing, and AI consulting …
European Central Bank President Christine Lagarde urged Europe on Wednesday to boost climate-related insurance, invest more in power infrastructure and help companies generate their own electricity, saying last summer’s extreme heat should serve as a warning. Ahead of next week’s …
The El Nino weather pattern that could cause a record rise in ocean temperatures in coming months poses a “meaningful risk” of higher U.S. inflation in 2027 even as it also will likely add to employment, according to research published …
Crédit Mutuel Arkéa said hackers stole money from it after gaining access to its computer systems, underscoring the growing cybersecurity risks for the banking sector. The French lender “was the victim of a cyberattack that enabled fraudulent transactions to be …