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Systemic cyber risk is being discussed as a growing concern for insurers as technology advances and interconnectivity increases, but how is this risk defined? That may be one of its gray areas. “As you go through different owners of risk … Source: Claims Journal

The Federal Emergency Management Agency and the Small Business Administration today have distributed more $20 million in disaster recovery assistance for survivors in San Diego County. It is part of an effort by FEMA and the California Governor’s Office of … Source: Claims Journal

A late-season storm rolling out of the US Midwest threatens to dump more than a foot of wet, heavy snow on northern New York and New England starting Wednesday night, with parts of New Hampshire and Maine at risk of … Source: Claims Journal

Axa SA is planning a campaign to help prevent cyberattacks targeting France in the run-up to the Paris Olympics next summer. The insurer will share key measures with French corporate clients to improve the protection of their information systems, the … Source: Claims Journal

A survey of passenger car and commercial drivers finds that distracted driving is still a significant safety issue, according to a recent survey by insurance carrier, Nationwide. The new latest driving behaviors survey revealed additional risky behaviors impacting all drivers … Source: Claims Journal

Sanofi SA said it has agreed to settle approximately 4,000 lawsuits accusing the French drugmaker of selling its Zantac heartburn medicine without warning patients that it could cause cancer. The pact, the first major resolution of cases related to the … Source: Claims Journal

The Oregon Division of Financial Regulation reached a settlement agreement in principle with a cryptocurrency asset platform for violating state securities regulations. The group of affiliated companies known as Abra – Plutus Financial Holdings Inc., Plutus Financial Inc., Plutus Lending … Source: Claims Journal

Chemical manufacturer 3M will begin payments starting in the third quarter to many U.S. public drinking water systems as part of a multi-billion-dollar settlement over contamination with potentially harmful compounds used in firefighting foam and several consumer products, the company … Source: Claims Journal

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