A group of activist hackers highlighted a key vulnerability of today’s Internet, as they broke into a security-camera startup and peered into hospitals, schools, jails, and other locations. Hackers gained access to 150,000 cameras by breaching a Verkada “Super Admin”…
Healthcare cyberattacks jumped 55% in 2020 and cost an estimated $13 billion, according to a report from cloud security firm Bitglass. Hacking and IT incidents were the top sources of data compromise, causing two-thirds (67%) of all breaches, the IT firm…
In a first-of-its-kind trial, Lloyd’s of London underwriters won a court ruling that they do not have to pay a restaurant’s lost income due to Covid-19 restrictions. The lawsuit filed in March 2020 was the first business interruption insurance case…
Social inflation is cause for concern for insurers, according to a recent Geneva Association report, as insurance premiums may no longer cover the liability risk insurers take on. Broadly, social inflation describes all ways in which insurers’ claims costs rise…
Almost a year into the coronavirus pandemic, insurers are winning most lawsuits from businesses seeking compensation for government-ordered shutdowns. The trend favoring insurers appears to be continuing in 2021. According to reports, federal judges in Florida dismissed three Covid-19 business-interruption…
Hospital merger and acquisition activity stayed within its 10-year historic range in 2020 despite the coronavirus pandemic disruptions. Healthcare management advisory firm KaufmanHall reported 79 M&A transactions last year, down from 92 reported transactions in 2019. However, there are signs…
By Aneri Pattani | KHN.org The nurses at Mission Hospital in Asheville, North Carolina, declared on March 6 — by filing the official paperwork — that they were ready to vote on the prospect of joining a national union. At…
By Laura Ungar | KHN.org COLUMBIA, Mo. — A memory haunts Christina Fuhrman: the image of her toddler Pearl lying pale and listless in a hospital bed, tethered to an IV to keep her hydrated as she struggled against a superbug…
Hard market conditions continued last quarter with premium price increases averaging double digits, according to a new survey. The Council of Insurance Agents & Brokers’ (CIAB) quarterly index found the average premium for all-sized accounts jumped 11.7% in Q3 2020 compared to…
The legal fight over whether insurance companies have to pay for coronavirus-related losses is ongoing, with new developments happening in courts daily. According to reports, a case filed by a New Orleans restaurant owner will head to trial in Louisiana….
