3 Unintended Consequences of Well-Intentioned Cyber Regulations
Policymakers worldwide are stepping up efforts to create cyber regulations that can help mitigate and boost society's resilience against these threats and assert control over how some technological innovations are used.
Autonomous Vehicles: Predictions vs. Truth
The cause of most accidents is human error; distracted driving, speeding, drunk driving and reckless driving are the top four causes of accidents. If we could eliminate these and other driver-related factors, the number of accidents would significantly drop.
North Atlantic Hurricane Season Begins with Ripe Conditions for Above-Average Activity
The pre-season forecast update for North Atlantic hurricane activity continues to forecast 18 named storms, eight hurricanes and four major (Category 3 and above) hurricanes, according to storm tracking service Tropical Storm Risk (TSR).
Victim of New York Subway Shooting Sues Gunmaker Glock and Parent Company
Glock Inc. and its parent company were sued by a New York City woman who was seriously injured when she was seriously wounded by a gunman who opened fire aboard a crowded morning rush-hour subway train in Brooklyn last month.
Acrisure Touches $23B in Valuation After Latest Funding
Acrisure said on Tuesday it had raised $725 million in a fresh funding round led by a wholly owned subsidiary of Abu Dhabi Investment Authority, valuing the insurance brokerage at $23 billion.
Europe Seeks G-7 Coordination on Russian Oil Insurance Ban
According to people familiar with the matter, the European Union is working with some Group of Seven members to coordinate a ban on providing the insurance services required to ship Russian oil anywhere in the world, a move that could further limit Moscow's ability to finance its war in Ukraine.
Lowering Interstate CDL Age Limits Brings More Risk Than Reward
Research, data and real-world experience prove that young, inexperienced drivers have higher crash rates than older drivers with more experience, and motor vehicle crashes are a leading cause of death for 15- to 20-year-olds.
Ransomware Attacks Up More Last Year Than in Prior Five Years: Verizon
Verizon released its 15th annual report on data breaches last week, finding that ransomware attacks increased by 13 percent in a single year—representing a jump greater than the prior five years combined.
Insurance Premiums Doubling for Some Aviation, Marine Businesses
Insurance premiums are doubling or more for some aviation and marine businesses particularly exposed to the war in Ukraine, increasing costs for airline and shipping firms, industry sources say.
Crypto Insurance – How the Market is Expanding
It may have shrunk in recent months with currencies such as Bitcoin plummeting in value, but the global cryptocurrency market cap – as of Thursday, May 26, when Roberts spoke to Insurance Business – sat at $1.29 trillion, according to tracker Coin Gecko.