America May 16, 2024
Financier Greg Lindberg Faces Up to 30 Years in Prison After Guilty Verdict on Bribery Charge
Quick Hits Greg Lindberg faces up to 30 years in prison after being found guilty of bribery for the second…
America May 15, 2024
Solar Storms: A New Threat to the Insurance Industry
Quick Hits Emerging Risks from Solar Storms: The recent X-class solar flare highlights the growing concern of geomagnetic disturbances. These…
America May 10, 2024
Catastrophic Solar Storm Threatens Earth: Businesses and Insurers Brace for Impact Amid Warnings of More to Come
Key Takeaways NOAA Issues Severe Geomagnetic Storm Warning: Businesses and insurers prepare for significant impacts and potential claims. Policyholder Concerns:…
America May 9, 2024
New York Lawsuit Exposes Flaws in Life Insurance Premium Financing
Key Takeaways: Ester and Baruch Aronson’s lawsuit against major insurers highlights potential misuse of premium financing. The case tests New…
America May 6, 2024
Buffett Cautions on Tesla’s Self-Driving Tech Risks to Berkshire’s Insurance Business; Musk Challenges Buffett to Invest in Tesla
Key Takeaways: Elon Musk suggests that investing in Tesla is a strategic move for future-oriented investors. Warren Buffett warns that…
America May 6, 2024
Pacific Guardian Data Breach: Unnerving Delay in Notifying Customers Raises Concerns
Key Takeaways: Pacific Guardian Life Insurance Company (PGL) experienced a data breach in September 2023 that compromised the personal information…
America May 4, 2024
Rising Tide of Cyber Threats: How Cyber Insurance Becomes a Business Lifeline
Key Takeaways: Cyber insurance policies are evolving to offer comprehensive protection against modern digital threats, including legal costs and recovery…
America May 4, 2024
Is Your California Home Under Surveillance? Privacy Concerns Rise as Insurers Take to the Skies
Key Takeaways: California insurance companies are using drones and aerial imagery to inspect homes, often without notifying homeowners. This practice raises…
America May 2, 2024
Insurer Chubb Prepares $350 Million Payout Following Baltimore Bridge Collapse
Key Takeaways: Chubb prepares to disburse $350 million, potentially the first of several large insurance payouts due to the Baltimore…
America May 1, 2024
AIG Busted for Unfair Practices After Hurricane Irma: Policyholders Awarded Millions, But Questions Remain
Key Takeaways: AIG must pay millions to a Florida resort owner after a jury found unfair practices in handling their…
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