A bankruptcy plan administrator agreed to distribute $46.75 million to resolve litigation tied to the 2023 cyberattack, with cyber insurers funding a significant portion of the settlement.
Federal agencies must prioritize vulnerability remediation based on exploitation risk, internet exposure, and attacker impact as cyber threats continue to accelerate.
Utility warns record electricity demand could force outages in the Carolinas unless generators are allowed to temporarily exceed environmental permit limits during a multi-day heat event.
Gallagher’s 2026 survey finds business owners increasingly integrating risk management into operations as concerns grow over AI, cyber threats, supply chain disruptions, and severe weather exposures.
SpaceX’s proposed shareholder arbitration requirements and a surge in AI-related IPOs could change securities litigation exposure while prompting insurers to broaden D&O coverage offerings.
Manufacturers, insurers, and defense counsel face growing scrutiny as courts examine whether AI systems that cannot explain their decisions may create new forms of product liability exposure.
Cyber insurers are tightening underwriting standards, increasing scrutiny of security controls, and reevaluating coverage as ransomware losses, AI risks, and geopolitical threats drive concerns about systemic cyber events.
A trailer carrying fireworks caught fire on Interstate 75 in Hamilton County, Tennessee, forcing highway closures as explosives launched across multiple lanes of traffic. No injuries were reported, but the incident highlights transportation and cargo-related insurance risks.
A multi-year investigation uncovered organized criminal groups linked to staged collisions, vehicle financing fraud, and false insurance claims that generated millions in losses and drove up costs for insurers and policyholders.
Heavy rainfall from Tropical Storm Boris could trigger flooding and mudslides across Guerrero and Oaxaca. Insurers and catastrophe response teams are watching for potential property and infrastructure losses as the storm approaches landfall.
As communities recover from tornadoes, floods, wildfires, and other disasters, NICB says contractor fraud schemes are becoming more sophisticated, with roofing scams, inflated mitigation claims, and assignment of benefits abuse among the most common threats.
New fraud data from Lloyds Bank and recent U.S. court rulings are increasing scrutiny of Meta’s role in online scams, creating new questions about liability, insurance coverage, cyber risk, and potential subrogation opportunities.
New FICO report argues that fragmented data systems are leaving insurers vulnerable to organized fraud networks and calls for real-time, enterprise-wide fraud intelligence.
A federal appeals court found sufficient evidence that a Texas police chief conspired to burn his wife’s SUV, report it stolen, and collect insurance proceeds. The case highlights multiple fraud indicators that claims investigators identified before any confession emerged.
Five earthquakes off the Northern California coast caused little damage, but they renewed attention on the fact that most California homeowners lack earthquake insurance and would receive no coverage for quake-related property losses.
