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Revealed – the key trends shaping the cyber insurance landscape today
What’s impacting the cyber threat environment in 2025? In today’s landscape, staying ahead means understanding the factors underpinning the cyber trends dominating cyber discussions – with AXA XL’s cyber lead for APAC and Europe, Carlos Rodriguez, highlighting several major themes. AI is the first of these, he said, as the sector is seeing different losses…
Policyholders sue Penn Mutual Life Insurance
The lawsuit claims Penn Mutual agents promoted “tax-advantage strategies” tied to life insurance and related products, which were ultimately “shams” with benefits described as “illusory and/or illegal.” Policyholders allegedly suffered financial losses through premium payments, loan interest, and other costs, while agents profited from commissions, bonuses, and fees. Source link
Ransomware still costly, but cyber claims down – Coalition
Akira and Black Basta dominate variants as early reporting proves critical Source link
Oklahoma Workers Compensation bill would expand PTSD protections for first responders
House Bill 1842, sponsored by Rep. Mark Lepak, would amend Section 13 of the Workers’ Compensation Code (85A O.S. §13) to bolster coverage for mental health injuries — particularly PTSD — incurred by law enforcement officers, firefighters (paid or volunteer), and emergency medical technicians. While PTSD is already a recognized injury for first responders under…
Texas court affirms insurer’s right to unpaid premiums despite COVID defense
The case stemmed from a commercial auto policy issued by Redwood to Imperial Charters, LLC, a charter bus operator. The policy covered the period from June 19, 2019, through June 19, 2020. Imperial Charters failed to pay monthly premiums in February, March, and April 2020. In response, Redwood issued a cancellation notice effective June 2,…
Top insurers struggle to control costs in Medicare cases – Verisk
Between 2018 and 2024, the average total payment obligation to the claimant (TPOC) increased by 52%, while the consumer price index rose only 25% over the same period. The data indicates that settlement values are outpacing general inflation, and Verisk’s analysis points to several influencing factors. Source link