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Evolve Bank & Trust Confirms Data Was Stolen in Cyber Attack
Evolve Bank & Trust confirmed it was the victim of a cyber attack and that customer data had been posted on the dark web, less than two weeks after the Arkansas-based lender was ordered by regulators to improve its risk … Source: Claims Journal
Read MoreFloodwaters Inundate Midwest, Where Flood Insurance is Rarely in Force
Floodwaters damaged hundreds of properties this week across parts of Nebraska, Iowa, Minnesota and South Dakota as the Midwest recovers from days of intense rainfall. Three days of torrential downpours resulted in as much as 18 inches of rainfall in … Source: Claims Journal
Read MoreRussian Court Orders Italy’s UniCredit to Pay $480M for Aborted Gas Project
A Russian court has ordered Italian bank UniCredit to pay 448.2 million euros ($479.44 million) in a lawsuit over an aborted gas project brought by St Petersburg-based RusChemAlliance, a joint venture 50% owned by Russian gas giant Gazprom. UniCredit was … Source: Claims Journal
Read MoreGEICO Tops Progressive With Higher J.D. Power Scores
Although Berkshire Hathaway’s Warren Buffett and Ajit Jain told investors last month that GEICO is playing catch-up with Progressive to improve technology and connect rate to risk, Berkshire’s personal auto insurer still surpasses Progressive on customer satisfaction. According to the … Source: Claims Journal
Read MoreHackers Grow More Sinister and Brazen in Hunt for Bigger Ransoms
A hack on a London hospital has left hundreds of millions of health records exposed and forced doctors to reschedule life-altering cancer treatments. In North America, a gang tried auctioning off data about LendingTree Inc. customers after finding credentials in … Source: Claims Journal
Read MoreGallagher Adds Michon, Burnett, Kirksey and Brabander
Gallagher named Alex Michon area president, Rachel Burnett area chief operating officer, Joe Kirksey managing director of the crop practice group and Laila Brabander president of private client. Michon will launch the new Sacramento satellite office. Michon’s area of specialization … Source: Claims Journal
Read MoreAccident Reconstruction, Electronic Data and Emerging Technology
In the early 2000s, many accident reconstructionists believed that the emergence of event data recorders meant that EDRs would replace many of the traditional accident investigation techniques. These EDRs were commonly found integrated into the airbag control modules (ACMs) of … Source: Claims Journal
Read MoreNTSB Proposes Sweeping Safety Changes After 2023 Ohio Train Derailment
The National Transportation Safety Board opened a meeting Tuesday to determine the probable cause of a February 2023 Norfolk Southern NSC.N train derailment in East Palestine, Ohio and is making sweeping recommendations to boost rail safety. The derailment forced residents … Source: Claims Journal
Read MoreFederal Report Shows Traffic Fatalities Fell 3% in 1st Quarter
Traffic fatalities declined about 3% in the first quarter, according to preliminary data from the National Highway Traffic Safety Administration. The organization said that it estimates that 8,650 people died in traffic crashes in the first three months of the … Source: Claims Journal
Read MoreCDK Dealer Software Unlikely to Be Restored Before June End, Memo Says
CDK Global does not expect the cyber attack-led ongoing outage in its dealer management software, which dealers across the United States use, to be restored before the end of the month, according to a memo seen by Reuters on Tuesday. … Source: Claims Journal
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