A powerful software exploit capable of penetrating and stealing information from potentially hundreds of millions of Apple iPhones was planted on dozens of websites in Ukraine in recent weeks, researchers said on Wednesday. The discovery marks the second time this month that researchers have found spyware targeting iPhones and other Apple devices. Together, the two hacking tools show that the market for sophisticated malware capable of stealing data and cryptocurrency wallet information is flourishing, researchers said. Researchers with cyber firm Lookout, mobile security firm iVerify and Alphabet’s Google published coordinated analyzes of the malware they dubbed “Darksword.” On March 3,…
Author: Awais
Europe’s biggest naval powers don’t see away of reopening the Strait of Hormuz to commercial shipping before the Iran war subsides. The continent continues to resist Donald Trump’s calls to deploy warships to the strait over fears they will be attacked by Iran. While European officials are discussinga plan to help escort oil tankers and othervessels, they are unlikely to send naval assets until the conflict eases and they get a clearer sense of both a US plan and the Iranian threat. Discussions for what military support can be sent to the region are in the “very early stages,” said…
The session, moderated by Christoph Nabholz, CEO of RiskInsight Consulting GmbH and former chief research and sustainability officer at Swiss Re, brought together senior sustainability leaders from across the industry, including Linda Freiner, chief sustainability officer at Zurich Insurance; Lucia Silva, group chief sustainability officer at Generali; Rowan Douglas, senior advisor and former CEO of Climate Risk & Resilience at Howden; and Marco Iriarte Somolinos, global head of sustainability at Solera.
Accelerant Holdings achieved a further upsizing and extension of its Flywheel Re collateralized reinsurance sidecar in March 2026, with existing investors in the structure increasing commitments to support the firm’s continued growth and some new investors coming onboard.Accelerant, the tech-focused company that helps its members exchange or transfer risk more effectively, while connecting them with long-term capital, leverages capital from third-party investors through its sidecar structure and other collateralized reinsurance arrangements. These have become a growing component of its business over-time, with Flywheel Re particularly important as an efficient investor-backed source of third-party reinsurance capital to fund Accelerant’s expansion and…
Conservative lawmakers in multiple states are pushing legislation drafted by an anti-abortion advocacy group to increase protections for crisis pregnancy centers, organizations that provide some health-related services but also work to dissuade women from having abortions. The legislation would prohibit state and local governments from requiring crisis pregnancy centers to perform abortions, provide referrals for abortion services, or inform patients about such services or contraception options. It also would allow crisis pregnancy centers to sue the violating government entity. Wyoming lawmakers passed a version of the Center Autonomy and Rights of Expression Act, or CARE Act, on March 4. Other…
Grade is leaving after a two-year stint defined by changes to Baxter’s business, including the sale of its kidney care unit.
Rising activity bringing greater scrutiny to E&O risk The handbook reflects a growing volume of E&O claims linked to M&A activity, particularly where agencies struggle to align processes, documentation and employee knowledge following a deal. As consolidation continues, integration timelines are often compressed, increasing the risk of gaps in coverage handling and internal controls.
For the full year, buy-out sales totaled $31.3 billion, down 35% compared with 2024, with 683 contracts completed. Meanwhile, buy-in premium surged 372% to $17.5 billion, with 17 contracts recorded, marking a 70% increase in deal count. In total, more than 740,000 defined benefit plan participants were covered by PRT transactions in 2025.
US insurer Allstate has announced an estimated pre-tax catastrophe loss burden for the month of February 2026 of $140 million, which has lifted the total for the current annual aggregate risk period that the firm’s catastrophe bonds run across to $3.072 billion.This comes on the heels of a $175 million pre-tax catastrophe loss estimate for January 2026, following winter storm Fern in the United States. With Allstate now reporting a pre-tax estimate of $140 million of catastrophe losses for the month of February, or $111 million, after-tax, this means that Allstate’s total catastrophe losses year-to-date in 2026 have reached $315…
Indian small and medium exporters are facing payment delays and cash‑flow stress as war‑risk premiums and emergency surcharges drive freight rates sharply higher, the trade ministry said on Thursday. Routes through conflict‑hit West Asia have seen a steep rise in freight and insurance bills, costs that exporters have limited ability to pass on, the ministry said. New Delhi launched a 4.97 billion rupees ($53.26 million) scheme to support insurance cover for shipments moving through the affected corridors to stabilize costs and prevent order cancellations, it added. (Reporting by Manoj Kumar & Shivangi Acharya; editing by Muralikumar Anantharaman)
About 2,400 Kaiser Permanente mental health professionals were striking Wednesday in Northern California over concerns that the health care giant is replacing therapists with artificial intelligence. Kaiser says the union claim is false and AI will not replace human assessment or make care decisions for patients. Facilities are open, the company said. The two sides have been negotiating a new contract since last summer. The mental health professionals were joined in their one-day strike by more than 23,000 Kaiser nurses. The therapists, who include social workers and psychologists, provide mental health and addiction medicine treatment for an estimated 4.6 million…
The assets will add AI-backed care navigation capabilities to MedArrive’s home care logistics platform, so health systems can determine which patients are ready to transfer from acute care.
A Philadelphia man has been charged for his alleged role in a vehicle title-washing scheme involving dozens of stolen luxury vehicles valued at nearly $4 million, according to state police and prosecutors. Pennsylvania Attorney General Dave Sunday said an investigation revealed that Adam K. Richardson— an authorized tag agent for the Pennsylvania Department of Transportation (PennDOT) — submitted to that state agency falsified paperwork connected to 65 stolen vehicles. The vehicles were given Pennsylvania titles, then sold by the persons who used Richardson for the illegal title washing service, according to prosecutors. A PennDOT authorized tag agent is a private…
BX1 brings together capacity from multiple Bermuda insurers – Ascot, Markel, Ark, and Sompo – under a single contract issued through Marsh’s Bermuda platform. By consolidating participating carriers into one structure, the facility is intended to simplify the placement process and reduce administrative burdens for clients. It also introduces a single claims decision-maker, which Marsh said will help streamline claims handling and lower associated costs.