Cyberattacks are no longer designed solely to cause immediate business disruption. Instead, they are increasingly engineered to inflict sustained financial, regulatory and reputational damage that lingers well beyond the initial incident, according to a new portfolio study from Resilience, a cyber risk solutions company. In its 2025 Cyber Risk Report, Resilience said the cyber threat landscape has shifted away from ransomware campaigns centered on encrypting data and toward pure extortion based on data theft. As a result, the primary risk is no longer simply going offline, the company wrote. “[It] is the multi-year legal, regulatory, and reputational ‘tail’ that follows…
Author: Awais
Labor data points to a significant insurance talent shortfall ahead. ALKEME’s Barton explains why firms must move beyond awareness and commit to long-term development strategies
Over the last five weeks, a limited number of hackers broke into more than 600 firewalls across dozens of countries with the help of widely available artificial intelligence tools, according to security research from Amazon.com Inc. The small group of hackers – or possibly just one person – used commercial generative AI services to quickly take advantage of weak security measures, such as simple sign-in credentials or single-factor authentication, according to a report from the company. The techniques let the intruders compromise firewalls at a scale that would have otherwise required a larger and more skilled team. The Russian-speaking hackers…
InsuranceFest is centering broker strategy amid increasingly overlapping specialty risks
Mid-Michigan Home Health & Hospice LLC, an in-home health care provider of bathing assistance to clients in central Michigan, violated federal law when it did not assign home visits in Grand Blanc, Michigan to a black certified nurse assistant (CNA) because of her race, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit. According to the EEOC’s lawsuit, Mid-Michigan hired a black female as a CNA in April 2023. During the CNA’s employment, Mid-Michigan avoided sending her to patients in Grand Blanc, telling her those residents were “old-time” and “did not care for black people.” The CNA was…
Elitium, a UK-based specialist MGA incubated by Mission Underwriters, has been launched to provide commercial combined insurance for select trades within the manufacturing sector, as well as property cover for well-maintained unoccupied residential and commercial properties. The MGA’s commercial combined appetite covers manufacturing trades, including printers, engineers, metalworkers, electronics, plastics and woodworking businesses – in addition to its unoccupied property portfolio. The MGA is co-founded and will be led by co-CEOs Linda Bichener, former commercial underwriting manager at the MGA DUAL, and Leah Miller, former senior commercial trading underwriter at DUAL. Between them, Bichener and Miller have 45 years of…
The average rate of forced disenrollments where enrollees had to find a new plan rose from 1% in 2024 to 10% this year, according to research published in JAMA.
Across the calm waters behind a pumping station near Lake Borgne, hundreds of saplings stand out in the mist, wrapped in white plastic cylinders. To get there and to other sites like it, organizers have ferried dozens of volunteers week after week in airboats. They have a trailer equipped with supplies. Rubber boots in all different sizes. Bins full of snacks for the end of a hard day’s work. One day, they hope to see 30,000 fully grown trees like bald cypress and water tupelo at this and other sites that restore the natural barrier of wetlands into the protective…
Bruce Lucas, the CEO of Slide Insurance Company, said today that the firm’s new $320 million Purple Re Ltd. (Series 2026-1) catastrophe bond came in with risk-adjusted pricing that was down more than 20% year-on-year, while his company expects to benefit from more reinsurance synergies as it has ambitious expansion plans.As we reported, Slide secured its largest catastrophe bond sponsorship yet this month, finalising the new Purple Re deal to provide a 28% upsized target of $320 million in multi-year collateralized named storm reinsurance limit, priced below guidance. With price execution in the cat bond market particularly strong this year,…
Alabama Gov. Kay Ivey has signed legislation Thursday that restricts the state’s ability to set new environmental regulations. The measure prohibits state agencies from setting restrictions on pollutants and hazardous substances exceeding those set by the federal government. In areas where no federal standard exists, the state could adopt new rules only if there is a “direct causal link” between exposure to harmful emissions and “manifest bodily harm” to humans. Republican supporters of the legislation described it as pro-business legislation that will guard against excessive regulatory burdens. Environmental groups had urged the governor to veto the bill, saying it would…
Two days before New York’s biggest snowstorm in a decade began, forecasters were still unsure how much snow would fall. One traditional US model had consistently predicted a major hit, while newer artificial intelligence systems weren’t so certain. The long-running Global Forecast System, or GFS, signaled the storm would be a whopper for much of the Northeast. Because of lingering skepticism about the GFS’ past performance — and the fact that it stood alone in predicting massive impacts — many forecasters waited until Friday afternoon before declaring the possibility of more than a foot of snow for parts of New…
College workers stricken with cancer should seek remedy through the workers’ compensation system, and injured students can bring negligence lawsuits, not claims that their constitutional rights have been violated, attorneys for North Carolina State University said in asking a court to dismiss a high-profile lawsuit brought over hazardous chemicals in a campus building. “Plaintiffs’ alleged injuries sound in negligence and workers’ compensation, not in violations of constitutional rights,” reads the motion to dismiss, filed in Wake County Superior Court. One man and 10 women who developed breast cancer while studying or working at NCSU’s Poe Hall filed suit in January,…
While it has sidestepped a public trial, an ex-analyst’s case renews scrutiny of how far junior bankers are pushed on live deals
To support adoption, Nationwide created a dedicated working team, including underwriting volunteers, technologists, and the corporate innovation team. Brad Liggett, president of the agribusiness vertical, appointed a senior underwriter as an AI champion to guide peers and translate technical capabilities into practical workflows.