Cybersecurity Breach Exposes Data from Indian Software Firm, Continuing Trend of Targeted Attacks on Insurers In a recent cybersecurity breach, hackers successfully infiltrated an Indian software firm, exposing sensitive data and adding to a concerning trend of cyber incidents targeting India’s insurers. This breach comes on the heels of a major leak at Star Health […]
EU watchdog pushes for strict capital rules on insurers’ crypto holdings
EU Watchdog Proposes Tighter Capital Rules for Insurers’ Crypto Holdings The European Insurance and Occupational Pensions Authority (EIOPA) has recently put forward a bold proposal that could significantly impact insurers’ approach to cryptocurrencies. The proposal suggests imposing stricter capital requirements on insurers for their crypto holdings compared to traditional assets like stocks and real estate. […]
Allstate sued by Texas over alleged driver tracking
Allstate Faces Legal Action in Texas for Alleged Driver Tracking In a surprising turn of events, Allstate, one of the leading insurance companies in the United States, has found itself in hot water in Texas. Prosecutors in the Lone Star State have accused Allstate of secretly collecting driver data through mobile apps and vehicle manufacturers, […]