Legacy

Uniform Trade Practices Act and Insurers

Uniform Trade Practices Act and Insurers

A bill working its way through the Michigan Legislature creates a bad faith cause of action against insurers for not […]

Big Premium Hike For Captives

Big Premium Hike For Captives

Captive insurers rated by AM Best have recorded their largest premium increase in ten years, according to Best’s market segment […]

Siemens Energy and British Airways Victims of Monster Data Breach

The Social Security numbers, birth dates, driver’s license numbers, health insurance claims, medical history notes, prescription information and other PII […]

Rightsizing the Risk Function

Rightsizing the Risk Function

According to a McKinsey report, chief risk officers in the financial industry are being asked to concentrate more on efficiency […]

Takeaways From the SEC’s Cybersecurity Risk Management Report

Takeaways From the SEC’s Cybersecurity Risk Management Report

The SEC finalized its disclosure rules for cybersecurity risk management, strategy, governance, and incidents on July 26th. A proposed requirement […]

$91 Million Judgment Against AIG Unit

$91 Million Judgment Against AIG Unit

A unit of AIG must pay two companies, Griffith Foods International Inc. and Sterigenics U.S. LLC,  more than $91 million. […]

Job Losses As Liberty Mutual Restructures

Job Losses As Liberty Mutual Restructures

Effective Aug. 1, Liberty Mutual is creating a new business unit. US Retail Markets will focus on personal and small […]

The Blind Spot in Cybersecurity: Assessing Value and Efficacy in Risk Management

Executives Iffy About Data Privacy Preparedness

Corporate readiness for new data privacy requirements in the U.S., U.K., and the EU, and challenges posed by AI, are […]

Reinsurance Rates Up By Average 33 Percent

Reinsurance Rates Up By Average 33 Percent

According to Howden Tiger, risk-adjusted property-catastrophe pricing is up, ranging from 25 to 40 percent as of June 1, with […]

Delayed Data Breach Disclosure Spawns Big Class Action

Delayed Data Breach Disclosure Spawns Big Class Action

On or about March 12, the well-named cybercrime gang Money Message struck PharMerica, a pharmacy company that services more than […]

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