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One of the most successful hedge fund strategies in recent years—insurance-linked securities—is embracing a classic concept that has suddenly surged back into favor.
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Erie Insurance has restored customer access to online accounts, including billing services, as it continues to recover from its recent network outage.
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Erie Insurance is now facing not one, but two class action lawsuits while it continues to probe the recent cybersecurity breach.
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Erie Insurance reports making steady progress in restoring its computer systems, which have been offline since its information security team identified unusual activity on June 7.
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On Wednesday, Erie Indemnity Co. announced that the ongoing network outage impacting all of its systems for the past five days was caused by a security-related incident.
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Philadelphia Insurance Co. is currently facing a network outage impacting its operational systems.