Insurance
Costs of Small Business Cyberattacks Are Down But Frequency Is Up, Says Hiscox
The less-than-encouraging news: Only a third (33%) of US small businesses consider cyber risk high or very high. The somewhat encouraging news: 53% of U.S. small businesses have either a standalone cyber insurance policy or have cyber coverage through another …
Read More Global Insured Losses From Severe Convective Storms Hit New High of $60B: Swiss Re
Global insured losses from severe thunderstorms have hit a new all-time high of US$60 billion in 2023, with overall natural catastrophe claims surpassing $100 million, according to Swiss Re Institute in a new report. As the US is particularly prone …
Read More New Mexico Sues Meta, CEO Zuckerberg Over Child Protection Failures
New Mexico Attorney General Raul Torrez on Wednesday said the state sued Facebook and Instagram parent Meta Platforms META.O and CEO Mark Zuckerberg, saying the social media company had failed to protect children from sexual abuse, online solicitation, and human …
Read More Markets/Coverages: Driver Technologies Launches Video Telematics-Based Driver Score
Driver Technologies, Inc., an AI-based mobility tech company, has announced its Driver Technologies Rating Service Inc. (DTRS) is rolling out its newly launched driver score to commercial fleets and insurance partners. In a press release, Driver Technologies said Driver Score …
Read More Florida Family Sues Panera Bread Over Caffeinated Lemonade After Man’s Death
FLEMING ISLAND, Fla. (AP) –The family of a 46-year-old Florida man has filed a wrongful death and negligence lawsuit against one of the biggest fast-casual restaurant chains in the U.S., claiming Panera Bread Company`s caffeine-filled lemonade drink led to his …
Read More UK Data Protection Watchdog Warns Companies Over AI Use and Privacy
Britain’s data protection watchdog warned companies to consider people’s privacy rights whenever they use artificial intelligence (AI) or face not just fines but losing the public’s trust in the technology. The country’s Information Commissioner, John Edwards, said at a speech …
Read More Report: Kentucky Fund Made $239,000 in Erroneous Tornado Relief Payments
FRANKFORT, Ky. (AP) — A report released Tuesday by state officials on the disbursement of Kentucky`s tornado relief fund found that it sent out about $239, 000 in mistaken payments. The review of the fund by State Auditor Mike Harmon`s …
Read More Family of Man Who Died Sues Tow Truck Driver They Said Sat on the Man’s Head
ATLANTA (AP) — The family of a Georgia church deacon who died after struggling with a police officer following a minor car crash has filed a wrongful death lawsuit against a tow truck driver they say arrived during the confrontation …
Read More Airline Industry to Meet to Discuss Safety Concerns Around Spike in GPS Spoofing
Global aviation industry leaders will meet in January to discuss safety concerns around increased GPS interference by cyberattackers steering planes off course, an International Air Transport Association executive said on Wednesday. Global Positioning System (GPS) spoofing has spiked in recent …
Read More AXA Weighs $1.1B Disposal of European Protection Insurance Businesses: Sources
AXA is considering selling some of its protection insurance businesses across Western Europe in a deal that could be worth up to 1 billion euros ($1.1 billion), two people close to the matter told Reuters. The French insurance group has …
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