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| Today's Headlines | February 23, 2022 |
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According to the 2021 Data Breach Investigations Report from Verizon, 61 percent of all small and medium-sized businesses (SMBs) have reported at least one cyber attack during the previous year. Regardless of this, many businesses still do not have any coverage against cyber attacks. Businesses are concerned that having cyber insurance policies in place increases... read more | | |
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Originally posted on Stateline, an initiative of The Pew Charitable Trusts. Inside a partially completed Amazon warehouse here, workers last summer walked on conveyor belts four stories high without safety harnesses, welders used plasma torches while surrounded by flammable cardboard boxes, and laborers raised metal racks alongside a moving forklift, putting their feet in danger... read more | | |
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The internet of things (IoT) has become a ubiquitous presence in our everyday lives. From the cars we drive to the places we live and the appliances and technologies we use, IoT helps consumers with added comfort and convenience. It also helps insurance companies because ... read more | | |
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The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial auto claims over a decade. The Insurance Information Institute teamed up with the Casualty Actuarial Society to measure... read more | | |
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CoreLogic, a property information, analytics and data-enabled solutions provider, reported last week that 14.5 million single and multifamily homes were impacted by the largest natural catastrophe events of 2021. That translates into 1 in 10 U.S. residential properties, CoreLogic said in a report titled "2021 CoreLogic Climate Change Catastrophe Report," which also revealed that the... read more | | |
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Facebook agreed to pay $90 million to settle a decade-old privacy lawsuit accusing it of tracking users' Internet activity even after they logged out of the social media website. A proposed preliminary settlement was filed on Monday night with the U.S. District Court in San Jose, Calif., and requires a judge's approval. The accord also... read more | | |
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The cargo ship that caught fire last week carrying about 4,000 Volkswagen AG vehicles could cost the automaker at least $155 million, according to one consultant's estimate. Of the roughly $438 million total value of goods aboard the Felicity Ace, which went up in flames off the coast of Portugal's Azores Islands, Russell Group said... read more | | |
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The Sackler family owners of Purdue Pharma LP have proposed a new and larger settlement worth up to $6 billion to resolve allegations that the OxyContin maker and its owners contributed to the deadly U.S. opioid epidemic, a mediator's report showed on Friday. The mediator, U.S. Bankruptcy Judge Shelley Chapman, has been overseeing talks between... read more | | |
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