Industry News
Government websites in Europe and elsewhere went offline on Wednesday after the disclosure of critical vulnerabilities in a widely used programming language sent website operators scrambling to protect their systems. Developers of the PHP programming language said Tuesday they had …
Via: Claims Journal
Global insured losses from natural catastrophes totaled $92 billion during the first nine months of 2026, dropping 29% below the 10-year average of $128 billion, according to a new report. The losses were the lowest nine-month total since 2019, Gallagher …
Via: Claims Journal
While the Bank of England is busy stress testing the U.K.’s private markets, another threat is looming in the minds of regulators. Turmoil caused by artificial intelligence is among the options being discussed for the BOE’s next system-wide exploratory scenario, …
Via: Claims Journal
The damage wrought cross France by the recent street riots will demonstrate the extent of current insurance coverage, just months before a new state-backed system kicks in, according to DBRS Morningstar analysts. “The latest French unrest reinforces a broader trend …
Via: Claims Journal
New York state investigators arrested 16 people accused of staging car crashes and faking injuries to collect nearly $500,000 from insurers, one of the first major enforcement actions since Governor Kathy Hochul made auto insurance fraud a focus of her …
Via: Claims Journal
Industry executives speaking during a recent NetDiligence Cyber Risk Summit in Philadelphia said cyber losses are increasingly driven by operational disruptions, sophisticated fraud schemes, rather than traditional ransomware and data breaches alone. Not to mention, of course, the rapid adoption …
Via: Claims Journal
Instacart parent Maplebear will pay $5 million to settle a federal investigation into claims that the grocery delivery company discriminated against American workers through its recruiting and hiring practices, two U.S. agencies said on Tuesday. The U.S. Department of Justice …
Via: Claims Journal
Intensifying public pushback against artificial intelligence data centers is spurring a new line of business for a New York-based boutique insurer. Arbol, which was founded by a former Citadel strategist, on Tuesday launched a new policy that protects data center …
Via: Claims Journal
Ford is recalling 102,159 F-Series trucks in the US over faulty equipment, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday. Here are details: The analog tachometer, which shows engine speed in revolutions per minute, and speedometer may get …
Via: Claims Journal
Home insurance rates have risen so dramatically over the last decade that the average premium now exceeds the average property-tax bill in two-thirds of U.S. counties, according to an analysis published Monday by Bloomberg Intelligence. It points to the role …
Via: Claims Journal