Industry News

Claims Journal

US Cyber Agency Says Russian Hackers Used Microsoft Access to Steal Government Emails

Apr 11, 2024 The U.S. Cybersecurity and Infrastructure Security Agency said Russian government-backed hackers have used their access to Microsoft’s...

US Cyber Agency Warns of Compromise at Sisense Data Firm

Apr 11, 2024 The US lead agency for federal cybersecurity is warning that Sisense Inc., a data analytics company, has suffered a compromise that could expose customer credentials and...

Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses

Apr 11, 2024 Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of political violence and...

US Wildfires Are Getting Bigger and More Complex, Prompting Changes in Firefighting

Apr 11, 2024 It’s shaping up to be a long wildfire season, with Texas already seeing its largest blaze in recorded history and firefighters becoming...

Best's Reviews

Pennsylvania's Insurance Department Issues AI Guidelines Warning of Discrimination

Apr 11, 2024 Insurance regulators in Pennsylvania have issued guidelines on the use of artificial intelligence that are based on a model...

Hong Kong Regulators Target Illegal Insurance Sales to Mainland China Customers

Apr 11, 2024 Hong Kong's insurance regulator and its anti-corruption agency conducted their first joint operation against suspected unlicensed...

AM Best Revises Outlooks to Negative for Members of Auto Club Group; Affirms Credit Ratings of Auto Club Florida Group’s Members

Apr 11, 2024 AM Best has revised the outlooks to negative from stable and affirmed the Financial...

Insurance Industry Layoffs: USAA Cuts 220 Positions

Apr 11, 2024 USAA is eliminating 220 positions to meet changing business needs, according to a spokesperson. USAA declined to comment on the types of positions impacted...

Insurance Journal

Green Shield Risk, Striior Announce Wildfire Analytics and Underwriting Collaboration

Apr 11, 2024 Striior Insurance Solutions a managing general agent specializing in builder’s risk and a division of Intact Insurance Specialty...

Florida Peninsula Says Reforms Have Had an Impact, Announces 2% Rate Cut

Apr 11, 2024 After the Florida Legislature in 2022 and 2023 passed sweeping reforms designed to limit excessive claims litigation, some in the insurance industry...

St. Louis Contractor Faces $276K in Fines Over Deadly Fall Hazards

Apr 11, 2024 Federal workplace safety inspectors found a Missouri roofing contractor again risking the safety of its employees by failing to protect them against the...

Oklahoma Judge Orders Chiefs Superfan to Pay $10.8M to Bank Teller

Apr 11, 2024 OKLAHOMA CITY (AP) — An Oklahoma judge ordered a Kansas City Chiefs superfan known as “ChiefsAholic” who admitted to a series of bank...