A hacker infiltrated the Federal Emergency Management Agency’s networks for months earlier this year, stealing sensitive data on FEMA and U.S. Customs and Border Protection employees, according to an incident report.
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A hacker infiltrated the Federal Emergency Management Agency’s networks for months earlier this year, stealing sensitive data on FEMA and U.S. Customs and Border Protection employees, according to an incident report. -
For decades, insurers have leaned on spreadsheets and aging legacy systems to handle one of their most vital tasks: pricing. But as market forces evolve and competitive pressures mount, those once-trusted tools are proving obsolete.
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The U.S. Securities and Exchange Commission alleges that a firm which scooped up struggling retail names like RadioShack and Pier 1 Imports—touting lofty e-commerce ambitions and outsized investor returns—was in fact running a Ponzi-style scheme.
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China’s massive electric-vehicle insurance market is reeling, with losses mounting as insurers’ risk models struggle to keep pace with shifting vehicle economics and changing driver habits.
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ACE American Insurance Co. has filed a lawsuit to recoup the $500,000 it paid after a ransomware attack on a staffing company, arguing that the cloud-computing and cybersecurity firms hired by its policyholder—not the insurer—should be held liable for the loss due to their alleged negligence.
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Marsh McLennan, which mourned the loss of 358 employees in the September 11, 2001 World Trade Center attacks, sent a powerful message in Washington today. Michelle Sartain, a 28-year veteran of the firm, urged lawmakers to renew the Terrorism Risk Insurance Act, underscoring the enduring need for protection against catastrophic threats.
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Western insurers on Tuesday suffered a setback in London as the High Court rejected their attempt to appeal a ruling that grants aircraft lessors more than $1 billion from war-risk insurance policies, compensating for jets stranded in Russia since the invasion of Ukraine.
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The nation’s top market watchdog says it is giving top priority to Donald Trump’s proposal to scale back the frequency of corporate earnings reports, after the president once again waded into the long-running battle over transparency in American capitalism.
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On Friday, a federal appeals court announced it would temporarily halt its review of legal challenges to the U.S. Securities and Exchange Commission’s climate rules, pending the agency’s decision on whether to revise the regulations or defend them in court, according to court filings.
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The Federal Trade Commission has demanded that Alphabet’s Google, OpenAI, Meta Platforms, and four other leading AI chatbot developers provide detailed information on how their technologies affect children.
