“The sheer magnitude of the level of reductions to the Medicaid program alone will impact all patients, not just Medicaid beneficiaries, in every community across the nation,” Pollack said. “Hospitals – especially in rural and underserved areas – will be forced to make difficult decisions about whether they will have to reduce services, reduce staff and potentially consider closing their doors.”
“Privacy resilience is an organisation’s ability to withstand, adapt and recover from adverse privacy events, whether regulatory inquiries or enforcement, legislation, lawsuits or public scrutiny,” she said. “It encompasses more than just strong data protection mechanisms; it includes flexibility — the capacity to adapt to new regulations, technologies and unforeseen incidents with minimal disruption.” Source…
In today’s turbulent economy, few industries feel the impact of inflation as acutely as the construction sector. Inflation has caused unprecedented material costs, casting a shadow of uncertainty over construction projects, large and small. Alongside material challenges, companies can expect other consequences of the construction inflation rate, such as project delays and increased operational costs….
“Since the Lloyd’s ‘silent cyber’ mandate, insurers have been required to clearly state whether cyber risk is covered or excluded,” he said. “In practice, this has led to wide-scale application of cyber exclusions across hull, cargo, and non-International Group mutual P&I policies, regardless of format. That means many marine operators today are unknowingly exposed.” Source…
The lawsuit brought to light a series of embarrassing exchanges between executives at Marsh where they discussed the escalating financial crisis engulfing Greensill and its main insurer, Australia’s Bond & Credit Co, in the run-up to Greensill’s collapse. In an email exchange from 2020 that was shared with the court, a Marsh executive described the situation…
Net income for the quarter was US$274 million, or US$1.00 per share, compared to US$338 million, or US$1.24 per share, in the same period last year. Core income dropped to US$281 million, or US$1.03 per share, from US$355 million, or US$1.30 per share, year over year. Source link
