Insurance
Sweden Tells Energy Sector to Raise Security, but Faces no Specific Threat
Sweden has told its energy industry to raise security levels following a recent cyberattack on Polish infrastructure, although this was not in response to a specific threat, the Nordic country’s signal intelligence agency said on Thursday. Swedish TV4, citing unnamed …
Read More Vanguard Settles Collusion Suit for $29.5 Million
Texas said Vanguard Group Inc. agreed to pay a total of $29.5 million to settle a lawsuit brought by a dozen states that accused the asset manager of colluding to manipulate the energy market and reduce coal output. As part …
Read More Ford Recalling 4.3 Million US Vehicles Over Software Issue
Ford Motor Thursday it is recalling 4.3 million pickup trucks and SUVs in the U.S. because a software error may cause trailer brakes not to function and exterior lights to fail. The U.S. automaker said the recall covers the 2021 …
Read More Walmart to Pay $100 Million to Settle FTC Case on Driver Wages
Walmart Inc. agreed to pay $100 million Thursday to settle a lawsuit by the US Federal Trade Commission and a group of states alleging the company withheld tips and misrepresented wages to drivers who deliver orders as part of its …
Read More Hacker Used Anthropic’s Claude to Steal Mexican Data Trove
A hacker exploited Anthropic PBC’s artificial intelligence chatbot to carry out a series of attacks against Mexican government agencies, resulting in the theft of a huge trove of sensitive tax and voter information, according to cybersecurity researchers. The unknown Claude …
Read More People Moves: Byrd Joins Alliant as Employee Benefits SVP in North Carolina
Byrd Joins Alliant as Employee Benefits SVP in North Carolina Backed by over 25 years of experience, Steve Byrd joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president within its employee benefits group. Based in North Carolina, …
Read More State Farm Inked $1.5B Underwriting Profit for 2025 but HO Loss Persists
State Farm reported an underwriting gain of $1.5 billion for its property/casualty businesses in 2025, representing a turnaround from an underwriting loss of more than $6 billion in 2024—and more than $10 billion of underwriting losses in each of the …
Read More Fidelis Insurance Group to Rebrand as Pelagos Insurance Capital in 2026
Fidelis Insurance Holdings Ltd., the Bermuda-based risk selector in specialty insurance and reinsurance, announced it intends to change its name to Pelagos Insurance Capital Ltd. It is expected to begin trading under the new ticker symbol (NYSE: PLGO) in May …
Read More Minnesota Resolves Suit Against Fleet Farm for Negligent Firearm Sales
Minnesota Attorney General Keith Ellison announced that he has resolved the October 2022 lawsuit he filed on behalf of the State of Minnesota against retail chain Fleet Farm for negligently selling firearms to straw purchasers. The consent judgment with Fleet …
Read More ‘Meaningful Decline’ in Industry Q1 Underwriting Profit Expected From Winter Storms
Another tough first quarter is in store for insurers when it comes to catastrophe losses—though not as severe as a year ago from the California wildfires. According to industry rating agency AM Best, insurance losses from the two major winter …
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