The Los Angeles, California wildfires are a tail event for the peril and will demonstrate the continued and growing relevance of reinsurance, according to RenaissanceRe CEO Kevin O’Donnell, who also explained today that “most of our US property catastrophe programs are loss impacted.”The RenaissanceRe CEO further states that with the scale of the loss impact … Read more
US President Donald Trump’s budget office on Wednesday rescinded an order freezing spending on federal grants, less than two days after it sparked widespread confusion and legal challenges across the country, according to two people familiar with the matter. The Monday evening order from the White House Office of Management and Budget sparked uncertainty over … Read more
Broadband program still in doubt As we’ve previously reported, US Senator Ted Cruz (R-Texas) and other Republicans want to overhaul the BEAD funding plans. Cruz accused the NTIA of “technology bias” because the agency decided that fiber networks should be prioritized over other types of technology, and Republicans objected to the Biden administration’s enforcement of … Read more
A new ransomware group called Arcus Media, which has been active since June 2024, has been observed using sophisticated privilege escalation and encryption methods, SIliconAngle reports. The report by cybersecurity firm Halcyon Tech noted that the group is not widely recognized, having been associated with attacks on companies such as DatAnalitica and known to employ a double extortion strategy, … Read more
Do you want to learn how to start a profitable print-on-demand business focused on giftable items? Print-on-demand businesses are a good way to sell personalized and unique gifts like candles, tote bags, and mugs without managing inventory or shipping (and all while running an online business from home!). These types of products are perfect for… … Read more
