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Archive for March 2024

Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk?

When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists at The Professional Liability Underwriting Society’s 2024 cyber symposium in New York City. … Source: Claims Journal

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Accuweather Predicts Above-Average 2024 Atlantic Hurricane Season

Accuweather meteorologists are predicting an above-average Atlantic hurricane season with as many as 20-25 named storms. The 2024 hurricane season is forecast to feature 8-12 hurricanes including 4-7 major hurricanes. This year has the potential to break the all-time record … Source: Claims Journal

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SEC Suit Against Coinbase Can Go Forward, Judge Rules

The US Securities and Exchange Commission can proceed with its lawsuit against Coinbase Inc., the biggest US cryptocurrency-trading platform, claiming the company failed to register as a securities business, a federal judge in New York ruled. The SEC adequately alleged … Source: Claims Journal

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Clorox Audit Revealed Cybersecurity Flaws at Its Plants in 2020

A few years before a 2023 cyberattack disrupted manufacturing at one of the largest US producers of disinfectants ahead of flu season, an audit warned of systemic cybersecurity flaws within the company’s production systems. Among the shortcomings highlighted by the … Source: Claims Journal

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