Posts by Y@DminG

A Chinese-state intrusion last year of Microsoft Corp. technology that enabled hackers to gather US officials’ emails “should never have occurred,” according to a report released Tuesday from a government cyber review board. The Cyber Safety Review Board, a White … Source: Claims Journal

American International Group and a group of its excess and surplus lines subsidiaries have filed suit against Dellwood Insurance Group and three former AIG executives who launched the nationwide E&S lines insurance holding company about a month ago. According to … Source: Claims Journal

The United States and Britain announced a new partnership on the science of artificial intelligence safety, amid growing concerns about upcoming next-generation versions. Commerce Secretary Gina Raimondo and British Technology Secretary Michelle Donelan signed a memorandum of understanding in Washington … Source: Claims Journal

Cal-Maine Foods Inc., the biggest egg producer in the US, has culled roughly 3.6% of its flock after birds at a Texas facility tested positive for avian flu, adding to concerns over a widening outbreak. Nearly 1.6 million laying hens … Source: Claims Journal

Idaho topped the list of states where homes gained the most value over a decade, a study using Zillow data shows. Idaho, with an average 171.03% increase in average value from $159,567 in 2013 to $432,476 in 2023, was followed … Source: Claims Journal

Despite citations from the U.S. Department of Labor’s Occupational Safety and Health Administration for similar hazards at its Shelby, Ohio facility in 2022, ArcelorMittal Tubular Products USA LLC — a subsidiary of one of North America’s largest steel suppliers — … Source: Claims Journal

Georgia lawmakers have approved two bills that could have a significant impact on windstorm and bad-faith claim losses for property insurers. First, the bad-faith reform legislation. Auto insurers have for years fought for changes to Georgia’s auto claims-handling statutes, after … Source: Claims Journal

Toyota Motor Corp. and Honda Motor Co. notched big US sales gains and General Motors Co. grew retail deliveries to start the year as demand for lower-priced models help automakers defy expectations for a broad slowdown. Toyota said Tuesday that … Source: Claims Journal

The crypto sector suffered one of its biggest security incidents this year after a hacker swiped $63 million from a blockchain-based game. The game, Munchables, confirmed the incident in a post on X on Wednesday and said it would try … Source: Claims Journal

After spiking premiums, nonrenewals and complaints about unpaid claims, more than 115,000 property owners in southwest Florida are now facing a new slap in the face after 2022’s Hurricane Ian: 25% higher flood insurance rates because local officials reportedly allowed … Source: Claims Journal