Advanced artificial intelligence tools may have been used in a cyberattack on South Korea’s Shinhan Bank Co. that exposed information on about 25,000 customers, Yonhap News reported, highlighting the risk of automated hacking against financial institutions. Attackers probably used sophisticated AI agents to probe for vulnerabilities and gain unauthorized access to a service used by …
Sale of portfolio to Wawanesa Mutual is part of the Bermuda-based group’s wider exit from commercial retail operations Source link
Two weeks after South Carolina’s insurance regulator took steps to place Atlantic Coast Life Insurance into rehabilitation, another state’s commissioner has suspended the company amid concerns about its finances. “In making the decision to suspend Atlantic Coast’s COA (certificate of authority), the Office determined that Atlantic Coast is impaired and that another insurance supervisory official, …
New laws respond to complaints following Los Angeles wildfires Source link
Attorneys for three cancer patients told a Missouri jury on Sept. 29 that Bayer’s Monsanto unit failed to adequately test its Roundup weedkiller before selling it, starting a trial that could help determine the viability of some Roundup lawsuits after a US Supreme Court ruling in Bayer’s favor this year. Bayer is facing approximately 65,000 …
New entity a ‘significant milestone’ in carrier’s strategic plan to strengthen presence in the excess and surplus lines market Source link
Connecticut’s insurance regulator is weighing whether to approve a workers’ compensation industry proposal for an overall average decrease of 4.9% to the current voluntary loss costs and an average decrease of 5.8% to the current assigned risk rate level. If approved by the Connecticut Insurance Department, the new loss costs and assigned risk rates would …
Cyber market risks repeating the confusion generated by war wordings without a uniform approach, senior WTW broker warns Source link
A Barnhart, Missouri man pleaded guilty to destroying property at a Telsa dealership in Kansas City, Missouri and to unlawfully possessing an unregistered destructive device. Kevin Harkins, 28, entered a guilty plea today in federal court to one count of malicious destruction of property related to arson and one count of unlawful possession of an …
Marine mutual books tiny underwriting deficit as investment returns drive first-half profit Source link
A $357 million hack of crypto exchange Bitget on Thursday was likely carried out by North Korea-linked hackers, pushing the nation-state’s haul from digital-asset thefts above $1 billion this year, according to analytics firm Elliptic Enterprises Ltd. The Bitget exploit showed similarities to previous attacks attributed to the Democratic People’s Republic of Korea, including how …
Davis Cartage Co., a transportation, warehousing and logistics company headquartered in Corunna, Michigan, violated federal law by allowing its president of logistics to sexually harass two female employees at its Owosso, Michigan location, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit announced. According to the EEOC’s lawsuit, in 2023, the president of …