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Oracle Tells Clients of Second Recent Hack, Log-In Data Stolen
Oracle Corp. has told customers that a hacker broke into a computer system and stole old client log-in credentials, according to two people familiar with the matter. It’s the second cybersecurity breach that the software company has acknowledged to clients …
POSTED APRIL 04, 2025 2:34 PM |
Pennsylvania Woman Charged With Filing Claim on Barn Pulled Down by TV Show
A Pennsylvania woman who sold part of her barn for use in a barn-rebuilding TV reality show now faces charges after investigators said she filed a fraudulent wind claim on the structure. Tracey Jeffreys, 63, of the Milton area, had …
POSTED APRIL 04, 2025 2:20 PM |
Peak Re Granted License to Open Reinsurance Branch in India
Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced it was granted a reinsurance branch license in India. Peak Re has been authorized to write both property/casualty and life & health business, which the company said “marks a significant …
POSTED APRIL 04, 2025 1:49 PM |
People Moves: The Hanover Creates COO Position, Names Lavey to the Job
The Hanover, based in Worcester, Massachusetts, named Dick Lavey to the newly created role of chief operating officer, the property-casualty insurer said. Lavey has 35 years of experience in insurance and technology, including the past 19 years at The Hanover …
POSTED APRIL 04, 2025 1:46 PM |
Markets/Coverages: Travelers Adds Enhanced Services for Cyber Liability; Willis AdWrap for Marketing and Ad Production
The Travelers Companies launched Travelers Cyber Risk Services, a suite of capabilities added to all cyber liability policies designed to help lower the risk of a cyberattack and the cost to recover from one. In addition to always-on threat monitoring …
POSTED APRIL 04, 2025 12:48 PM |
Leaked Files Raise Fears About Shell Oil Production Fleet, Years After Devastating Spill
Off the coast of Nigeria, one of the world’s largest oil production ships, called the Bonga, was taking oil from a field on the ocean floor and transferring it to a tanker ship. Such transfers are routine in the offshore …
POSTED APRIL 04, 2025 12:32 PM |
UK Financial Services Industry Slow to Hire Women to Top Roles, Report Finds
Britain’s financial industry has made little progress in recruiting more women to top positions, a new report from the UK finance ministry said on Thursday, a pace of change the head of British insurer Aviva called “unacceptable.” Further progress may …
POSTED APRIL 04, 2025 11:31 AM |
Hackers Target Australia’s Largest Pension Funds in Coordinated Attacks
Hackers targeting Australia’s major pension funds in a series of coordinated attacks have stolen savings from some members at the biggest fund, according to a source with knowledge of the matter, and compromised more than 20,000 accounts. National Cyber Security …
POSTED APRIL 04, 2025 10:30 AM |
Generali to Comply With Government’s View on Natixis Deal, CEO Tells Newspaper
Italy’s biggest insurer Generali intends to heed advice from the government when Rome starts reviewing a planned asset management tie-up with France’s BPCE, CEO Philippe Donnet said in a newspaper interview on Friday. Generali in January signed a non-binding accord …
POSTED APRIL 04, 2025 10:09 AM |
SCOR Placed Under Court Examination for Allegations Against Former Chair Kessler
French reinsurance company SCOR said on Friday it has been placed under examination by a Paris court for facts alleged against its former chairman, Denis Kessler, in relation to Covea Group’s acquisition of PartnerRe in 2022. SCOR said it firmly …
POSTED APRIL 04, 2025 9:51 AM |
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