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Category: Insurance Journal

Hurricane Helene Isn’t the Only Big Storm North Carolina Is Recovering From
Insurance Journal | November 20, 2024
Hurricane Helene Isn’t the Only Big Storm North Carolina Is Recovering From
RALEIGH, N.C. (AP) — Almost two months after Hurricane Helene wreaked havoc on western North Carolina, Republican lawmakers grilled officials Monday over how they handled two other hurricanes that hit the state several years ago. As part of a massive …
T-Mobile Caught Hackers Early, Averting Data Leak
Insurance Journal | November 20, 2024
T-Mobile Caught Hackers Early, Averting Data Leak
T-Mobile US Inc. was able to contain a recent network breach before it reached customers’ phones, according to people familiar with the matter. Hackers accessed edge-routing infrastructure and gained unauthorized access to a limited number of devices, including a T-Mobile-owned-and-operated …
New York Insurance Broker Caught in $38 Million Nursing Home Tax Fraud Scheme
Insurance Journal | November 20, 2024
New York Insurance Broker Caught in $38 Million Nursing Home Tax Fraud Scheme
Prosecutors report that a New York insurance broker has admitted his role in a $38 million employment tax fraud scheme involving nursing homes he owned across the country, U.S. Attorney Philip R. Sellinger announced that Joseph Schwartz, of Suffern, New …
How Will the Antitrust Showdown Launched Under Biden Change Under Trump?
Insurance Journal | November 20, 2024
How Will the Antitrust Showdown Launched Under Biden Change Under Trump?
The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden’s administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year. Although regulators …
Markets/Coverages: Rokstone Launches Global Parametric Product
Insurance Journal | November 20, 2024
Markets/Coverages: Rokstone Launches Global Parametric Product
Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has launched Rokstone Parametric in partnership with NormanMax Lloyd’s Syndicate 3939. With an initial US$10 million worldwide facility, the product covers earthquake, hurricane, tropical cyclone and typhoon, …
Slot Machine Operator International Game Reports Hacker Incident
Insurance Journal | November 20, 2024
Slot Machine Operator International Game Reports Hacker Incident
International Game Technology Plc, operator of popular slot machines in casinos, said an unauthorized third party gained access to certain of its systems. The company has experienced disruptions in portions of its internal information technology systems and applications resulting from …
Judge Weighs ‘Real Housewives of New York’ Cast Member’s Abuse Allegations
Insurance Journal | November 20, 2024
Judge Weighs ‘Real Housewives of New York’ Cast Member’s Abuse Allegations
The lawyer for a former cast member of the “Real Housewives of New York” told a federal judge Thursday that the First Amendment cannot shield the show’s creators from a lawsuit alleging that the show’s participants were subjected to a …
Modern Cars Are Surveillance Devices on Wheels With Major Privacy Risks: Report
Insurance Journal | November 20, 2024
Modern Cars Are Surveillance Devices on Wheels With Major Privacy Risks: Report
New research reveals serious privacy flaws in the data practices of new internet connected cars in Australia. It’s yet another reason why we need urgent reform of privacy laws. Modern cars are increasingly equipped with internet-enabled features. Your “connected car” …
Accused of Going Too Far, UK Finance Regulator Plots Where to Go Next
Insurance Journal | November 20, 2024
Accused of Going Too Far, UK Finance Regulator Plots Where to Go Next
The UK’s top financial regulator has spent much of its eleven-year history in combat with the industry it oversees, a tone set by its first chief executive Martin Wheatley, whose zeal for fining banks got him ousted in 2015. Now, …
Bank of Spain Estimates Floods Cost 0.2% of GDP in 4th Quarter
Insurance Journal | November 20, 2024
Bank of Spain Estimates Floods Cost 0.2% of GDP in 4th Quarter
Last month’s catastrophic floods in eastern Spain are likely to have a negative impact of 0.2 percentage points on the country’s gross domestic product in the fourth quarter, the Bank of Spain said on Wednesday. More than 200 people died …