Some hospital systems are refocusing operations and selling long-term care, nursing homes, and hospice businesses. Several hospitals have divested adjacent health businesses since the onset of the Covid-19 pandemic. It comes at a time of rising labor costs and a…
The number of property/casualty (P/C) insurers that saw their credit ratings downgraded by AM Best nearly doubled in the first half of 2023. Why it matters: An insurance company’s creditworthiness refers to the likelihood that the company will default on its…
Ransomware activity is surging in 2023, with third-party vendor risk becoming organizations’ top point of failure. Cyber insurance provider Resilience’s mid-year claims report showed that ransomware notifications increased 1,110% in Q2 2023 vs. Q2 2022. Among the key findings: Cybercriminals…
