Archive for December 2020
Little-Known Solarwinds Gets Scrutiny Over Hack, Stock Sales
Before this week, few people were aware of SolarWinds, a Texas-based software company providing vital computer network monitoring services to major corporations and government agencies worldwide. But the revelation that elite cyber spies have spent months secretly exploiting SolarWinds’ software … Source: Claims Journal
Read MoreVolkswagen Loses Top Court Case in EU in Diesel Scandal
BRUSSELS (AP) — The European Union’s top court ruled on Thursday that Volkswagen breached the law by installing on its cars a so-called defeat device to cheat on emission tests and cannot argue it was merely protecting car engines. The … Source: Claims Journal
Read MoreGovernment Ordered to Pay Landowners on Lower Missouri River
OMAHA, Neb. (AP) — The federal government must pay some landowners along the lower Missouri River for flooding damage caused by changes the Army Corps of Engineers made to the river to protect endangered species, a judge has ruled. The … Source: Claims Journal
Read MoreFamily Behind Oxycontin Maker Purdue Pharma Offers ‘Sadness’
Two of the owners of the company that makes OxyContin acknowledged to a congressional committee on Thursday that the powerful prescription painkiller has played a role in the national opioid crisis but stopped short of apologizing or admitting wrongdoing as … Source: Claims Journal
Read MoreSuspected Russian Hacking Spree Reached Into Microsoft -Sources
SAN FRANCISCO — Microsoft was breached in the massive hacking campaign disclosed by U.S. officials this week, according to people familiar with the matter, adding a top technology target to a growing list of vital government agencies. The Redmond, Washington, … Source: Claims Journal
Read MoreWhat’s Wrong With Commercial Auto and How Do We Fix It?
Commercial auto is one of the biggest, most problematic cost centers in the insurance industry. Its loss ratios are incredibly high — and growing — particularly in comparison with other P&C lines. This makes it hard for carriers to make … Source: Claims Journal
Read MoreSuspected Russian Hackers Target Frail U.S. Supply Chain
For years, U.S. officials have warned about the dangers of cyber-attacks involving the electronics supply chain. This week’s revelation that a growing number of federal agencies were breached in a widespread attack by suspected Russian hackers shows how little they … Source: Claims Journal
Read MoreFamed NYC Bridge’s Armor is Focus of Suit Against French Company
French construction giant Vinci SA faces allegations it’s partly to blame for the degradation of the armor installed on New York City’s Kosciuszko Bridge to protect against terrorist attacks and accidents. Hardwire LLC, a Baltimore company that bid unsuccessfully on … Source: Claims Journal
Read MoreExxon Calls Massachusetts Fraud Suit Punishment for Opinion
Exxon Mobil Corp. told a judge that a fraud lawsuit filed by Massachusetts last year amounts to illegal punishment for the energy giant’s views about fossil fuels, the latest twist in their bitter clash over climate change. The suit by … Source: Claims Journal
Read MoreLloyd’s of London Steps Back From Coal in First Climate Change Policy
LONDON — Lloyd’s of London is scaling back its exposure to coal and oil sands, the commercial insurance market said in its first sustainability report on Wednesday, in a reversal of its traditional hands-off approach to climate change strategy. Lloyd’s … Source: Claims Journal
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