Insurance
Russia Behind Spike in European GPS Jamming, Baltic General Says
Russia is likely behind an increase in instances of jamming satellite signals used by airlines, smartphones and weapons systems in eastern Europe, according to a senior Baltic military commander. Martin Herem, the commander of the Estonian Defense Forces, pointed the …
Read More Texas Freeport LNG Unit Faces Month-Long Outage After Winter Storm
U.S. liquefied natural gas (LNG) company Freeport LNG said on Friday it expects one of three liquefaction units at its Texas plant will be out of service for about a month after it faced a technical issue during last week’s …
Read More EU Needs Trillions of Investments to Meet 2050 Climate Target: Research
The European Union will need 1.5 trillion euros ($1.6 trillion) per year of investments to meet its 2050 net zero emissions target, research backed by Green EU lawmakers said on Monday. The European Commission is set to recommend next week …
Read More Appeals Court Rules Insurers Not Obligated to Defend Opioid Distributor McKesson
The role drug distributor McKesson Corp. had in the opioid crisis was no accident, meaning the company is not entitled to defense costs related to litigation against it. McKesson Corp. appealed a district court’s ruling that subsidiaries of AIG and …
Read More Global Ransomware Attacks Reach Record High in 2023, Says Corvus
Despite law enforcement actions, fourth quarter 2023 ransomware incidents still surpassed 2022 by nearly 70%, and the number of active ransomware groups grew by 34%. Corvus Insurance recently released its Q4 2023 Ransomware Report, featuring data collected from ransomware leak …
Read More Viewpoint: How Corporate Help Desks Became the Weak Spot in Cyber Defenses
The cyberattack on MGM Resorts in September 2023 provides a vivid example of the effects these types of attacks can have in today’s complex and interconnected IT environments. MGM estimates the incident-related costs at upwards of $100 million, after the …
Read More Florida Bills Would Let Surplus Lines Do Takeouts, Would Require More Data Reporting
A key Florida Senate committee this week advanced a bill that would allow surplus lines carriers to take over coverage of second homes from Citizens Property Insurance Corp. Reaction by agents and brokers was mixed. The issue of having the …
Read More Connecticut Sues 28 Firms for Alleged Contamination by ‘Forever Chemicals’
The state of Connecticut is suing 28 chemical manufacturers that it alleges are responsible for “knowingly contaminating” the state’s waters and natural resources and harming public health with toxic PFAS “forever chemicals.” Connecticut Attorney General William Tong has filed two …
Read More Small California Business Owners Polled on Legislative Proposals
California small business owners in are decidedly against three proposals or potential ballot initiatives they believe could impact their operations. A poll from the National Federation of Independent Business asked respondents four questions that are being considered in the Legislature …
Read More Alaska Charter Company Paying $900K for Wildfire from Campfire
An Alaska fishing guide company has paid $900,000 to settle a lawsuit brought by the U.S. government alleging one of its guides started a wildfire in 2019, the U.S. attorney’s office for Alaska said in a statement. Court documents said …
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