Risk Management

Cyber Attack Derails Protein Shake Giant's Acquisition
Risk Management Cyber Attack Derails Protein Shake Giant's Acquisition

In an era where technological innovation drives unprecedented business growth, the tale of Planet Pleasure, a dynamic protein shake manufacturer from Escondido, California, emerges as a chilling cautionary narrative that underscores the perils of digital vulnerability. Founded in 2018 with a modest

Oaktree Appoints Phil Joubert to Lead Apac Insurance Growth
Risk Management Oaktree Appoints Phil Joubert to Lead Apac Insurance Growth

In a rapidly evolving global financial landscape, the insurance sector in the Asia-Pacific (Apac) region stands out as a hotspot for transformative growth, driven by shifting asset allocation strategies and a growing appetite for alternative investments. Oaktree Capital Management, a heavyweight in

FMA Urges Insurers to Improve Claims for Consumer Needs
Risk Management FMA Urges Insurers to Improve Claims for Consumer Needs

In the wake of devastating natural disasters, the Financial Markets Authority (FMA) of New Zealand has sounded a critical alarm for the insurance industry, urging a transformation in how claims are handled to better serve consumers. The FMA's recent report, titled "Weather Events Claims Insights,"

Allstate Faces Strategic Crossroads in Dynamic Market
Risk Management Allstate Faces Strategic Crossroads in Dynamic Market

In the ever-shifting landscape of the U.S. insurance industry, Allstate Corporation (NYSE: ALL) stands as a prominent figure grappling with a myriad of challenges and opportunities in 2025. As a key player in the property and casualty (P&C) market, the company is navigating a post-pandemic world

How Did Brooklyn Men Stage Crashes for Insurance Fraud?
Risk Management How Did Brooklyn Men Stage Crashes for Insurance Fraud?

In a startling revelation from Queens, New York, a sophisticated scheme involving staged car crashes has come to light, exposing a calculated attempt to defraud insurance companies for substantial payouts. Two Brooklyn men, Jaime Huiracocha, 53, and Victor Murillo, 34, stand accused of

Iowa Warns of Storm Scams Targeting Disaster Victims
Risk Management Iowa Warns of Storm Scams Targeting Disaster Victims

In the wake of devastating storms that have swept through Northwest Iowa, leaving communities grappling with destruction and loss, a troubling wave of fraudulent activity has emerged as a secondary threat to vulnerable residents. Severe winds and torrential rains have not only damaged homes and

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