US insurance rulemaker suspends investment risk designations after cyber attack

US Insurance Rulemaker Halts Investment Risk Ratings Post Cyber Attack

The U.S. insurance regulatory body has temporarily suspended its investment risk designations following a cyber attack. These designations play a crucial role in determining the capital reserves insurers need to maintain in order to fulfill their obligations to policyholders. The halt is intended to address issues arising from the security breach, though further details on the specific impact and timeline for resolution remain undisclosed.

Original Source: https://www.ft.com/content/1b397558-117e-463b-914d-9a62e4484605