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Grief, Then Confusion: Questions of Motive Emerge in UnitedHealthcare CEO’s Killing UnitedHealth Group’s investor day turned from an ordinary corporate meeting in a midtown Manhattan hotel to a scene of stunned grief quicker than the health insurer could even react. “It was mid-presentation when everyone began to get the headlines,” said …
POSTED DECEMBER 05, 2024 1:07 PM |
Chinese Hackers Breached Eight US Telecom Providers, White House Says Chinese hackers compromised eight American telecommunications companies as part of a wide-ranging espionage effort to gather intelligence about prominent US citizens, Biden administration officials said Wednesday. Anne Neuberger, deputy assistant to the president and deputy national security advisor for cyber …
POSTED DECEMBER 05, 2024 11:17 AM |
FDIC Looks to Direct Monitoring of Fintech Companies After Synapse Collapse The Federal Deposit Insurance Corp. has started to directly monitor financial-technology companies that partner with banks across the US, according to people familiar with the regulator’s supervisory operations. The fintech monitoring system will help FDIC examiners anticipate potential vulnerabilities before …
POSTED DECEMBER 05, 2024 10:52 AM |
People Moves: O’Connell to Lead Aon’s Reinsurance Global Cyber Strategy; Flude New CEO of Lancashire Insurance US; Hippo Names Collins CMO Aon Names O’Connell as Global Cyber Strategy and Growth Leader Aon plc named Robert O’Connell as global cyber strategy and growth leader, executive managing director, within its Reinsurance Solutions business. O’Connell will be based in New York. Previously, O’Connell served …
POSTED DECEMBER 05, 2024 6:14 AM |
Target Must Face Shareholder Lawsuit Over Pride Backlash, Judge Rules Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders after its sales of LGBTQ-themed merchandise for Pride Month sparked a backlash and a customer boycott. U.S. District Judge John …
POSTED DECEMBER 05, 2024 6:02 AM |
Trump Picks Atkins, Ex-SEC Commissioner, to Succeed Gensler Paul Atkins is President-elect Donald Trump’s choice to lead the US Securities and Exchange Commission, suggesting four years of relaxed policy and enforcement for crypto firms to hedge funds. Trump selected Atkins to replace outgoing Chair Gary Gensler, whose ambitious …
POSTED DECEMBER 05, 2024 6:01 AM |
How Vermont Community Helped One Family Recover After Floods Took Everything The last thing John and Jenny Mackenzie saw as they fled their Vermont home with their daughters, dog and two guinea pigs last summer was their cars upended and propelled away by rushing flood waters. Minutes earlier they had abandoned …
POSTED DECEMBER 05, 2024 6:00 AM |
Claim Frequency in California Workers’ Comp Higher in L.A. Area, Study Shows Claim frequency in California workers’ compensation remains significantly higher in the Los Angeles Basin than in the northern part of the state, a new study shows. The Workers’ Compensation Insurance Rating Bureau of California released its WCIRB Geo Study 2024, …
POSTED DECEMBER 05, 2024 6:00 AM |
Arizona DOI Forms Council to Address Availability and Affordability in Wildland Arizona Department of Insurance Director Barbara D. Richardson has created a Resiliency and Mitigation Council that plans to examine the availability and affordability of homeowners insurance in forested and wildland-urban interface (WUI) areas of Arizona. Based on the work of …
POSTED DECEMBER 05, 2024 6:00 AM |
Californians Pay Billions for Power Companies’ Wildfire Prevention Efforts. Are They Cost-Effective? Diane Moss lost her home in the Santa Monica Mountains after power lines ignited the apocalyptic Woolsey Fire in 2018. Since then, she’s pressed for a safer electric grid in California. “It’s so easy to forget the risk that we …
POSTED DECEMBER 05, 2024 6:00 AM |
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