Posts by Y@DminG

When a new ransomware group popped up on the scene last year, the hackers did what’s in vogue for digital extortion organizations these days: They issued a press release. The hackers had already made “millions of dollars” in profit working … Source: Claims Journal

One phone call with the Department of Justice: $2,300. Two days at the Ritz-Carlton: $830. Oh, and a lengthy cab ride to and from the court in White Plains, New York — that’ll be $1,000. Those are just some of … Source: Claims Journal

LONDON/ZURICH — Zurich Insurance does not expect to have a major exposure to the failure of supply chain financing firm Greensill Capital, the insurer’s chief financial officer said on Wednesday after it reported solid first-quarter earnings. Greensill Capital lent money … Source: Claims Journal

RICHMOND, Va. (AP) — A Russian-speaking ransomware syndicate that stole data from the Washington, D.C., police department says negotiations over payment have broken down and it will release sensitive information that could put lives at risk if more money is … Source: Claims Journal

TRAVERSE CITY, Mich. (AP) — A spell of dry, mild weather is giving the Great Lakes a break after two years of high water that has shattered records and heavily damaged shoreline roads and homes, officials said Monday. Although still … Source: Claims Journal

MALIBU, Calif. (AP) — The city of Malibu is investigating whether any rental codes were violated at a home where nine people were injured when a balcony collapsed during a crowded weekend party. The beachside property had a valid short-term … Source: Claims Journal

Alphabet Inc’s Waymo and rival Cruise have applied for permits needed to start charging for rides and delivery using autonomous vehicles in San Francisco, state documents reviewed by Reuters showed, setting the stage for the biggest tests yet of their … Source: Claims Journal

The workers’ compensation line powered through the COVID-19 pandemic last year, generating an average profit of 24% while carriers built up $14 billion in “redundant reserves,” the National Council on Compensation Insurance said Tuesday during its virtual Annual Issues Symposium. … Source: Claims Journal

CAIRO — UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related … Source: Claims Journal

WASHINGTON — If the coronavirus pandemic produced its own brand of anxiety for American workers trying to stay healthy while balancing job and family demands, the coming return to “normal” will pose a new set of challenges. Like whether to … Source: Claims Journal