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Texas court sides with State Farm in $800k life insurance dispute involving competing claims
State Farm, caught in the middle of conflicting demands, opted to file a federal interpleader action – a move that allows insurers to deposit funds with the court and step aside while potential beneficiaries litigate who is entitled to the money. Robbins, in turn, sued State Farm in state court, alleging breach of contract, violations…
Did remote work cause this nearly $1-billion hack?
The ransomware-style attack, suspected to be the work of the Scattered Spider group, appears to have targeted critical backend servers, possibly compromising authentication files and deploying encryptors to lock virtual machines. Though details remain scarce, the incident may have originated months earlier, highlighting the often undetected gestation period of such breaches. Source link
Imbs joins Arthur J. Gallagher & Co. as firm expands
The latest in its acquisition spree Source link
Zurich, RSA, Lloyds underwriters ordered to hand over documents to Chevron
However, during the hearing, Zurich disclosed that approximately 15 to 20 employees handled war-risk claims. Judge Corley directed the primary insurers to query those individuals about any prior claims involving vessel seizures, captures, or detainments, and to share their findings with Chevron. Source link
UnitedHealth Group swings to Q1 net profit
Troubled health insurer sees revenue increase from a year ago Source link
North Dakota transfers fire and tornado fund oversight from insurance commissioner to budget offic
North Dakota has officially transferred oversight of its state fire and tornado fund from the insurance commissioner to the Office of Management and Budget (OMB), following the enactment of House Bill 1027. The change centralizes fund management under the OMB, which now oversees risk coverage for state agencies, political subdivisions, winter shows, and the International…