Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in a report on Monday. Insurance premiums to protect companies against cyber attacks …
The White House is seeking roughly $4 billion in additional emergency funding from Congress for costs related to the collapse and repair of the Francis Scott Key bridge in Baltimore and to respond to other disasters that have occurred around …
Record-breaking Hurricane Beryl is intensifying as it churns through the Caribbean south of Grenada, where it’s forecast to unleash catastrophic winds, life-threatening storm surge and flooding rains. Beryl regained Category 4 strength after briefly weakening, the US National Hurricane Center …
The US Justice Department will charge Boeing Co. with criminal fraud, leaving the planemaker to choose between pleading guilty or taking the risk of going to trial, according to people familiar with the matter. Boeing has until the end of …
A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses caused by COVID-19, a 5th Circuit Court of Appeals panel ruled, relying on existing precedent that COVID-19 does not physically …
Citigroup Inc. asked a court to dismiss a lawsuit by a former senior data compliance official who accused it of firing her for refusing to mislead a regulator about the bank’s data governance practices. Kathleen Martin was “lawfully and legitimately …
In the topsy-turvy world of homeowners insurance, first-quarter loss ratios have been bouncing around for the last five years—from below 50 in 2020 to over 70 in 2021 and 2023, a new analysis shows. The S&P Global Market Intelligence analysis …