July catastrophes cost Allstate $184m

[ad_1] As cyber threats escalate, cyber insurance is emerging as a critical safeguard for businesses, particularly small and midsize enterprises (SMBs) with limited cybersecurity resources. Coalition’s Cyber Threat Index 2025 underscored the growing role of insurance in mitigating financial and operational fallout from cyberattacks, highlighting ransomware as a leading driver of claims. [ad_2] Source link

[ad_1] The company pointed to a past federal inquiry, saying that the Department of Justice investigated the allegations, reviewed thousands of documents, and interviewed multiple witnesses before deciding not to pursue the case. It cited “significant factual inaccuracies” in the allegations as a key reason for the DOJ’s decision.  [ad_2] Source link

[ad_1] The sandbox’s entry requirements remain stringent. Applicants must submit a detailed technical and business plan, a $750 filing fee, demonstrate at least $25,000 in available funds, and provide extensive disclosures on financial backing and executive leadership. Crucially, innovations must offer consumer protections and pose “no unreasonable risk of consumer harm.” [ad_2] Source link

[ad_1] Who’s raising the bar in insurance networks and alliances? [ad_2] Source link

[ad_1] ‘What this data tells us is that AI is part of that trusted inner circle’ [ad_2] Source link

[ad_1] New bill aimed at insurers, others launched by AG Letitia James [ad_2] Source link