INSURANCE NEWS

Chinese Hackers Breached Foreign Ministers’ Email Servers

Chinese hackers breached email servers of foreign ministers as part of a years-long effort targeting the communications of diplomats around the world, according to researchers at the cybersecurity firm Palo Alto Networks Inc. Attackers accessed Microsoft Exchange email servers, gaining …
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Lengthy Government Shutdown to Impact Insurers, Says AM Best

Unless Congress reaches a compromise on funding by midnight, there will be no budget and the government will shut down—sending out waves of implications that will disrupt the insurance industry, according to AM Best. “The potential government shutdown coincides with …
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Volkswagen Loses Top Court Case Over Diesel Deal With Ex-CEO

Volkswagen AG lost an appeals case in Germany’s highest civil court over the shareholders’ approval of a settlement with former Chief Executive Officer Martin Winterkorn over his role in the diesel-emissions scandal that cost the company more than €30 billion …
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Marsh Names Fred Smith Florida Risk Management Leader

Marsh, the global insurance broker and risk advisor, has named Fred Smith the Florida corporate and risk management segment leader, overseeing service for large and middle-market clients in the state. Smith will relocate to Miami from New York and report …
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New York Financial Services Regulator Harris to Depart

New York Governor Kathy Hochul announced that Superintendent Adrienne Harris will be leaving the Department of Financial Services (DFS). Hochul is appointing Kaitlin Asrow as acting superintendent of DFS effective October 18, 2025. “I’d like to thank Superintendent Harris for …
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Canada’s WestJet Says Some Passenger Data Exposed in Cybersecurity Breach

Canadian carrier WestJet said on Monday the personal information of some passengers was exposed in a cybersecurity breach earlier this year, though no payment data was compromised. The airline said it detected suspicious activity on June 13 and later determined …
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Asahi Suspends Some Beverage Shipments After Hit by Cyberattack in Japan

Asahi Group Holdings Ltd. suspended some beverage shipments on Monday after a cyberattack hobbled some of the drinks company’s operations in Japan. The maker of Asahi and Peroni beer said the disruption from the system failure is so far limited …
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Cargo Ship Hit by Explosive Device off Yemen’s Coast

A cargo ship was hit by an explosive device near Yemen and caught fire, injuring two seafarers. The Netherlands-flagged Minervagracht, a relatively small general cargo ship, is currently on fire in the Gulf of Aden, its manager Spliethoff said in …
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Louisiana FedEx Location Sued for Sexual Harassment

Federal Express Corporation (FedEx) violated federal law by subjecting a female administrator at the company’s St. Rose, Louisiana location to sexual harassment and firing her when she refused to continue to work with her harasser, the U.S. Equal Employment Opportunity …
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People Moves: QBE North America Appoints Cunningham Environmental Underwriting Leader; Gramling Joins Alliant as SVP, Employee Benefits

QBE North America Appoints Cunningham as SVP and Environmental Underwriting Leader QBE North America, headquartered in New York City, appointed Jayne Cunningham as senior vice president and environmental underwriting leader, reporting to Dan Fortin, president of specialty insurance. Based in …
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Hackers Hit Hundreds of Cisco Firewalls in US Government

Hackers compromised firewall devices within the US government, according to a senior federal official, amid broader warnings of cyberattacks on widely-used devices manufactured by Cisco Systems, Inc. The US Cybersecurity and Infrastructure Security Agency, or CISA, issued an emergency directive …
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House Bill Aims to Combat Forum Shopping in Trucking Industry Lawsuits

A new bill introduced in Congress would give federal courts original jurisdiction over state venues in limited civil cases involving interstate commercial trucking accidents. The Forum Accountability and Integrity in Roadway (FAIR) Trucking Act, introduced by Congressman Tom Barrett (R-Michigan) …
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