The US Treasury Department was hacked by a Chinese state-sponsored actor through a third-party software service provider, according to a letter the agency sent to Congress on Monday. Treasury described the intrusion as a “major cybersecurity incident,” since it was …
US Treasury Says It Was Breached by Chinese-Backed Hacker Read More »
California Insurance Commissioner Ricardo Lara on Monday announced what he is calling the final step in his efforts to help the state’s ailing homeowners insurance market with the Net Cost of Reinsurance in Ratemaking Regulation, which enables reinsurance as a …
California Commissioner Issues Regulation to Allow Reinsurance in Ratemaking Read More »
Maryland is suing the company that produces the waterproof material Gore-Tex often used for raincoats and other outdoor gear, alleging its leaders kept using “forever chemicals” long after learning about serious health risks associated with them. The complaint, which was …
Maryland Sues Gore-Tex Maker Over ‘Forever Chemicals’ Pollution Read More »
New York state government agencies will have to conduct reviews and publish reports that detail how they’re using artificial intelligence software, under a new law signed by Gov. Kathy Hochul. Hochul, a Democrat, signed the bill last week after it …
New York State Government to Monitor Its AI Use Read More »
A genetic analysis suggests the bird flu virus mutated inside a Louisiana patient who contracted the nation’s first severe case of the illness, the U.S. Centers for Disease Control and Prevention said last week. Scientists believe the mutations may allow …
Bird Flu Likely Mutated Within a Louisiana Patient: CDC Read More »
The Iowa Insurance Division last month entered into a consent order with a contractor who had made claims they were offering services that require a public adjuster license. Central Iowa Gutter and Donald Smart have agreed to make changes to …
Iowa Contractor Agrees to Consent Order Over Unlicensed Public Adjusting Read More »
Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5%-15% for loss-free accounts, according to a renewal report published by Guy Carpenter, the reinsurance business of Marsh McLennan. Property …
Some Property Catastrophe Rates Fall 5%-15% as Reinsurers’ Appetite Grows: Report Read More »
HOUSTON (AP) — A strong storm system threatened to whip up tornadoes in parts of the U.S. Southeast on Sunday, a day after severe weather claimed at least two lives as twisters touched down in Texas and Mississippi. Strong storms …
Tornadoes in Texas and Mississippi Kill 2 and Injure 6 Read More »
This year’s top Insurance Journal Midwest headlines feature a range of misconduct, from fraud and embezzlement to high-profile lawsuits. Top stories stories also highlight increasing frequency of severe weather event and the evolving legal landscape of workplace safety. Top 10 …
Top Midwest Region Insurance Journal Stories of 2024 Read More »
Readers of Insurance Journal were drawn to South Central headlines detailing the complexities facing the insurance industry, from legal and regulatory issues to the evolving landscape of cyber threats and natural disasters. Other popular topics include insurance fraud and unscrupulous …
Top South Central Region Insurance Journal Stories of 2024 Read More »