Insurance should be a critical component when Natural Disaster affects daily life and American’s business. Specially in this year where extreme weather went from surprising snowfalls, floods, and dust clouds followed one another as the seasons changed. Over the last several decades, many severe disasters have exposed Insurance needs to face natural disasters in changing markets. These catastrophes are changing the rules of the insurance game on aRead more
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Recently, the Cyber Insurer Coalition published a joint report with federal organizations showing that cyber-attacks have increased dramatically during the first half of 2021. The investigation analyzed 50,000 claims from policy holders in the United States and Canada in their words, the H-1 2021 Cyber Insurance claims report shows that “cyber-attacks involving ransomware increased 50% from January to July compared with the same time period of 2020. At the same time, theRead more
The case of a series of consolidated lawsuit against 10 insurers for ‘business interruption’ during the pandemic in the U.S. district assigned to the Judge Barbara J. Rothstein leaves room for a deeper discussion on claims interruptions. In mid-March of this year, the judge decided to dispose some lawsuits filed presented by a number of professional associations, retailers and even the Seattle Symphony Orchestra. Rothstein mentioned in her ruling that each of theRead more
Recently, Sonoma County in California has decided to enter a contract with a South Korean technology firm, Alchera. This partnership will give the county an extra set of eyes to help alert for danger of wildfires embodied by drones. When they spot a fire or signs of one, the drones will alert first responders. The two-year contract was funded through 3 MillonRead more
At the end of May, Washington DC’s police department experienced a ransomware attack that ended up with confidential documents on the Dark Web. The Babuk group adjudicated the attack and threaten to publish police department’s data, including HR. According to Edition CNN News , the attackers posted a ransom note claiming they had stolen more than 250 GB of data and threateningRead more
