15 04, 2021

IBM Uncovers More Cyber Attacks on COVID-19 Vaccine Supply Chain

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International Business Machines Corp. said on Wednesday its cyber-security unit has uncovered more digital attacks targeting the global COVID-19 vaccine supply chain since the issue was originally flagged late last year. The cloud services provider said it recently found that …

15 04, 2021

White House Rushes to Strengthen Security of U.S. Power Grid as Hacking Threats Grow

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A White House plan to rapidly shore up the security of the U.S. power grid will begin with a 100-day sprint, but take years more to transform utilities’ ability to fight off hackers, according to details of a draft version …

15 04, 2021

Boy Scouts’ Lawyers Eye New Reorganization Plan After Criticisms from Abuse Victims

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DOVER, Del. (AP) – Attorneys for the Boy Scouts of America told a Delaware bankruptcy judge Monday that they plan to file a new reorganization plan after gaining little support for a previous proposal that has been roundly criticized by …

15 04, 2021

EU Set to Ban Artificial Intelligence Used for Mass Surveillance, Ranking Social Behavior

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The European Union is poised to ban artificial intelligence (AI) systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of global revenue if they fail to comply with …

14 04, 2021

Cyclone Seroja Damages Towns in Western Australia with Strongest Winds in 50 Years

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PERTH, Australia (AP) – A destructive cyclone has damaged several towns on Australia’s western coast, shattering windows, snapping trees and knocking out power. There have been no reports of serious injuries. Tropical Cyclone Seroja crossed the Western Australia state coast …

14 04, 2021

Texas Supreme Court Sides with Insure on Mold-Related Policy Changes

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The Texas Supreme Court on April 9 reversed lower court rulings and found that Farmers Insurance was within its rights when it decided 19 years ago not to renew homeowners’ policies that it feared would have forced it to cover …

14 04, 2021

Aon’s Concessions to EU May Not Be Enough to Close $30B Willis Deal: Sources

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BRUSSELS – Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people familiar with the matter said on Tuesday. Aon is …

14 04, 2021

Allstate Sees Surge in Demand for Pay-Per-Mile Insurance During COVID Shutdowns

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The COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage. During the pandemic, Allstate Corp. has seen interest surge in its Milewise offering, which lets customers pay auto-insurance premiums for just the …

14 04, 2021

7 European Countries Commit to Halt Export Finance for Fossil Fuel Projects

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Seven European countries, including Germany, France and Britain, will commit on Wednesday to stop public export guarantees for fossil fuel projects, French Finance Minister Bruno Le Maire said on Tuesday. Coal, oil and gas infrastructure have traditionally made up a …

14 04, 2021

NAIC Data: Florida Property Lawsuits Total 76% of Insurer Litigation in U.S.

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New information from Florida’s insurance regulator paints a stark picture of the extent of litigation facing the state’s domestic insurers. The information comes as numerous stakeholders push for legislative reforms to address the litigation issue they blame for fueling the …