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Hurricane Beryl Caused Estimated $2-3B in Insured Losses to U.S. Property: Verisk
Jul 19 2024 // Estimated industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between $2 billion to $3 billion, Verisk’s Extreme Event Solutions business unit said. Beryl made landfall...
Russian Cybersecurity Firm Kaspersky Labs to Wind Down US Operations
Jul 18 2024 // Kaspersky Labs will gradually wind down its U.S. operations from July 20, the Russian anti-virus software maker said on Monday, nearly a month after the Biden administration announced plans to bar sales of the company in...
New Jersey’s US Senator Menendez Convicted of Bribery, Foreign-Agent Charges
Jul 16 2024 // US Senator Bob Menendez, the once-powerful New Jersey Democrat, was found guilty of bribery, extortion and acting as a foreign agent of Egypt after a corruption trial focused on 13 gold bars, nearly $500,000 in cash and a...
Report: Impact of BEC Attacks on US Companies Misunderstood
Jul 15 2024 // A new report asserts the impact of business email compromise incidents on U.S. companies is likely underestimated and misunderstood—and it shows that multifactor authentication and cybersecurity awareness programs may be...
US P/C Insurers Post Best Q1 Underwriting Result in 17 Years
Jul 15 2024 // Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94 — the best since...
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