INSURANCE NEWS
Nepal Plane Crash Probe Shows Both Engines Lost Power: News Report
A Yeti Airlines plane that crashed in Nepal last month had no engine power during its final moments, the Hindustan Times reported, citing a government-appointed panel investigating the accident. Analysis of the cockpit voice recorder and flight data recorder showed …
U.S. Firms in Taiwan Making Business Continuity Plans Amid Tensions With China
Almost half of companies surveyed by the American Chamber of Commerce (AmCham) in Taiwan are revising or plan to revise their business continuity plans amid tensions with China, while a growing number reported being impacted by those strains. China, which …
Ride at Iowa Amusement Park Where 11-Year-Old Boy Died Will Never Reopen
ALTOONA, Iowa (AP) – The ride at an Iowa amusement park where an 11-year-old boy was killed in 2021 will never reopen, the park’s owners said. Bill Lentz, Adventureland’s general manager, said in a letter posted on the park’s website …
ION Trading UK Prepares to Bring Clients Back Online After Cyber Attack
ION Trading UK, the technology firm hit by a cyberattack last week, told some clients that it has rebuilt relevant systems and will relaunch them after carrying out independent security testing. ION indicated that some systems could be available on …
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 …
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 …
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 …
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, …
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 …
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 …
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 …
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 …