Archive: May 2025

Countries Shore Up Digital Defenses as Global Tensions Raise Cyberwarfare Threat
Insurance Journal | May 1, 2025
Countries Shore Up Digital Defenses as Global Tensions Raise Cyberwarfare Threat
Hackers linked to Russia’s government launched a cyberattack last spring against municipal water plants in rural Texas. At one plant in Muleshoe, population 5,000, water began to overflow. Officials had to unplug the system and run the plant manually. The …
Buyer’s Remorse Hits Finance Bosses Who ‘Overhired’ for ESG
Insurance Journal | May 1, 2025
Buyer’s Remorse Hits Finance Bosses Who ‘Overhired’ for ESG
There’s a course-correction underway among financial firms that went all out on ESG hiring just a few years back, according to recruiters advising banks and money managers. Firms have had to acknowledge that the goal of generating the highest profits …
AM Best Revises Credit Rating Outlook to Negative for NJM Insurance Group
Insurance Journal | May 1, 2025
AM Best Revises Credit Rating Outlook to Negative for NJM Insurance Group
Ratings agency AM Best has revised the outlook to negative from stable for the members of the NJM Insurance Group (NJM) for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term …