News
Markets/Coverages: CFC Offers Customer BI for SMEs; Amwins SRU Launches Primary Construction Casualty Program
19+ hour, 16+ min ago (228+ words) Specialist insurer CFC, said it launched a new extension to its Cyber Proactive Response cover for small- to medium-sized enterprises. Customer business interruption responds to contingent business interruption (BI) events, delivering protection for SMEs facing financial loss as a result…...
Southern California Aerospace Firm to Pay $1.5M to Resolve False Claims Act Allegations
2+ day, 6+ hour ago (290+ words) An aerospace and defense electronics company based in Chatsworth, California, agreed to pay $1.5 million to resolve allegations that it violated the False Claims Act by supplying aircraft parts to the military that did not meet contract specifications. Teledyne RISI " An…...
Authorities Probing Damage to Undersea Telecom Cable in Gulf of Finland
1+ week, 54+ min ago (595+ words) Authorities are investigating damage to an undersea telecommunications cable in the Gulf of Finland early Wednesday that occurred between the capitals of Finland and Estonia. Finnish authorities seized and inspected the vessel suspected to have caused the damage, the country's…...
Europe’s Space Agency Says Cyber Incident May Have Hit Servers
1+ week, 2+ hour ago (123+ words) The European Space Agency said a cybersecurity issue may have impacted a "very small number" of external servers. In a post on the social media platform X on Tuesday, ESA said it was conducting a forensic analysis and had implemented…...
US Lifts Sanctions on Trio Accused of Work on ‘Predator’ Spyware
1+ week, 6+ hour ago (377+ words) The US government has lifted sanctions on three people who it previously accused of aiding in the proliferation of "Predator" spyware, a sophisticated surveillance technology that's allegedly been used against Americans. The Department of Treasury's removal of the business bans…...
[Video] Wildfires, Lawsuits, AI, and M&A: A Look Back at Insurance in 2025
1+ week, 2+ day ago (160+ words) Insurance Journal recaps the biggest stories of 2025across all of our regionsfrom record-breaking wildfires and climate losses to broker mega-deals, litigation reform, cyber threats, AI-driven layoffs, and signs of recovery in key insurance markets heading into 2026. Watch this end-of-year " Insurance Journal…...
Coupang Offers $1 Billion Compensation for Data Breach Victims
1+ week, 3+ day ago (277+ words) Coupang is offering compensation worth more than $1 billion to all customers affected by South Korea's biggest-ever data breach. The country's biggest online retailer said on Monday it would soon start offering vouchers worth up to 50,000 won ($35) to " Coupang is offering…...
Aflac Says 22.6M People Affected by Cyber Incident Earlier This Year
1+ week, 3+ day ago (367+ words) Aflac said its investigation has revealed a cybersecurity incident discovered six months ago affected more than 22.6 million individuals. The Columbus, Georgia-based health and life insurer said in a statement earlier this month that it has started to notify impacted " Aflac…...
Markets/Coverages: Mosaic Raises Cyber Capacity to US$25M in Canadian Market
2+ week, 2+ day ago (343+ words) Mosaic Insurance will increase its cyber-risk capacity to US$25 million/C$40 million per risk in Canada, effective January 1, 2026, allowing the specialty insurer to meet rising demand across all provinces and territories. The increase more than doubles Mosaic's previous limit of…...
South Korea Online Retailer Coupang Faces US Securities Class Action Over Data Breach
2+ week, 3+ day ago (315+ words) South Korean e-commerce company Coupang has been sued in a U.S. court in an investor class action alleging violations of securities laws after a cybersecurity breach exposed personal information of more than 33 million customers. The lawsuit, filed last week in federal…...