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Despite pleas from the feds not to pay, UnitedHealth admitted it paid threat actors to "protect patient data."
Additionally, RIMS inducted Tata Consumer Products' Mrunal Pandit to its Risk Management Honor Roll.
Global tax services provider Ryan has already filed suit in a Texas federal court claiming this action exceeds the FTC's statutory authority.
Carriers are still making the adjustments they need to fix their loss and combined ratios from the previous two years.
Insurance industry news from MassMutual, Swiss Re, MS Amlin and more featured in weekly update.
The decision will affect 12,556 policies with premiums of $11.3 million.
Several years of data has emerged showing risk and loss patterns, making marijuana business policies easier to price competitively.
Around 13% of California homeowners worry about losing coverage, according to real estate site Redfin.
An Earnix survey reveals that most insurance leaders plan to use machine learning in pricing and underwriting.
The 2024 Cybersecurity Benchmarking Survey shows top cyber concerns for insurers and policyholders.
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