Insurance
Ransomware Hackers Are Targeting Known Server Vulnerability, Italy Warns
Thousands of computer servers have been targeted by a global ransomware hacking attack targeting VMware ESXi servers, Italy’s National Cybersecurity Agency (ACN) said on Sunday, warning organizations to take action to protect their systems. The hacking attack sought to exploit …
Read More The Hartford Net Income Down 19% in Q4
The Hartford reported a 19% drop in fourth quarter net income compared to the same period last year, while core earnings outpaced Q4 2021 by 7%. Fourth quarter net income available to common stockholders reached $584 million, compared to $724 …
Read More CNA Reports Q4 earnings of $248 Million
CAN Financial Group notched a net income of $248 million during 2022’s final quarter. This was a slight dip from the $266 million recorded during the same period in 2021. Overall, CNA recorded a yearlong net income of $894 million …
Read More Getty Images Lawsuit Says Stability AI Misused Photos to Train AI
Stock photo provider Getty Images has sued artificial intelligence company Stability AI Inc, accusing it in a lawsuit made public on Monday of misusing more than 12 million Getty photos to train its Stable Diffusion AI image-generation system. The lawsuit, …
Read More Maine Lawmakers Propose Arming Security Guards or Teachers in Schools
AUGUSTA, Maine (AP) — Republican lawmakers said it’s time to beef up security in Maine schools, either with armed security officers or by allowing teachers to be armed. A bill sponsored by Rep. Steven Foster, R-Dexter, would allow a school …
Read More Inmate’s Estate Reaches Settlement With Virginia Jail
The family of an inmate who died in a northern Virginia jail has reached a wrongful death settlement with the county sheriff and the jail’s former health care provider. Darryl Becton died at the Arlington County jail at the age …
Read More Root Sues Former CMO Over At Least $9.4M in Unauthorized Payments
Root Inc., the parent company of Root Insurance, has followed up its investigation into almost $10 million of unauthorized payments with a lawsuit against its former chief marketing officer. According to the suit, filed in U.S. District Court for the …
Read More People Moves: Mulready Makes Key Staff Changes at OID
Mulready Announces Key Staff Changes for PBM Compliance Program Oklahoma Insurance Commissioner Glen Mulready has made two new appointments to the Oklahoma Insurance Department (OID). Ashley Scott is the new director of the OID Pharmacy Benefit Manager (PBM) Compliance and …
Read More Highstreet Partners Adds 2 Pennsylvania Agencies
Michigan-based independent insurance agency Highstreet Insurance Partners reports it has acquired two Pennsylvania insurance agencies: Lock Haven-based Davis Insurance Agency and Bensalem-based Michael Pigott Agency. Both firms will join Highstreet’s Northeast Region and will report to James Hutchinson, chief marketing …
Read More Allstate’s Plan to Return to Profit in Auto
Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company’s number one priority: improve margins. Allstate ended 2022 with an unprofitable 110.1 combined ratio in auto – 112.6 for the …
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