2 weeks 3 days ago
Russia’s intelligence services are now seeking to damage European infrastructure with cyber attacks rather than merely overwhelm websites with excess traffic, Swedish Civil Defense Minister Carl-Oskar Bohlin said. “Over the past year, Russia’s methods have shifted,” Bohlin said during a …
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2 weeks 3 days ago
European Central Bank supervisors are set to quiz bankers about the risks that Anthropic’s new artificial intelligence model might supercharge cyberattacks, one source familiar with the situation told Reuters on Wednesday. Anthropic’s Mythos is seen by cybersecurity experts as posing …
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2 weeks 3 days ago
Africa’s leading multilateral insurer of trade risk is seeking around $500 million in capital from partners to support countries that face higher costs as a result of conflict in the Middle East, its chief executive told Reuters. African Trade & …
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2 weeks 3 days ago
Helvetia Baloise Holding AG said it aims to return some 2.8 billion Swiss francs ($3.6 billion) to investors over the period to 2028, as the newly-merged insurer sets financial targets for the first time. The company proposed a dividend of …
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2 weeks 3 days ago
Aon plc is expanding its proprietary Data Center Lifecycle Insurance Program (DCLP) with an additional $1 billion, increasing the program’s capacity to $3.5 billion. In addition, coverage will extend to include existing data centers coming off the first year of …
2 weeks 3 days ago
Scott Stephenson, former chairman, president, and CEO of Verisk Analytics, joined the board of directors at ZestyAI, a San Francisco, California-based risk and decision intelligence platform for the insurance industry. Stephenson spent more than two decades at Verisk, including nine …
2 weeks 3 days ago
For years, a segment of the Florida property insurance industry had lobbied for more access to the lower-cost reinsurance offered by the state-sanctioned Florida Hurricane Catastrophe Fund—mainly through a lowered retention, or deductible, level. Today, three years into Florida’s tort-reform …
William Rabb
2 weeks 3 days ago
The world’s largest insurance brokers recently found themselves caught in an “AI scare trade” after news that Tuio home insurance would soon be available via ChatGPT. Shares fell sharply, as investors questioned whether intermediaries could be bypassed altogether. That reaction …
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2 weeks 3 days ago
California Gov. Gavin Newsom is advancing a plan that could funnel hundreds of millions in road dollars to a struggling oil refinery—pitching it as a cleaner jet fuel initiative. The credit, drawn from funds voters designated for highways and local …
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2 weeks 3 days ago
Citing progress on a potential compromise with the insurance industry’s rate bureau, North Carolina Insurance Commissioner Mike Causey has rescheduled a hearing on proposed dwelling insurance rate increases from May 4 to July 6. The North Carolina Rate Bureau is …
2 weeks 3 days ago
An insurance industry-supported wildfire mitigation designation program has been expanded into 10 additional high-risk states with Florida being one. The expansion comes at a time when Florida is experiencing widespread drought conditions and state officials are concerned that the next …
2 weeks 3 days ago
A grand jury indicted a Florida doctor on a manslaughter charge for allegedly removing a patient’s liver instead of his spleen during a 2024 surgery. The prosecutor for the First Judicial Circuit on Monday announced the charge of second-degree manslaughter …
2 weeks 3 days ago
The Maryland Insurance Administration (MIA) has withdrawn a proposal opposed by insurers that would have expanded to commercial lines a provision requiring insurers to disclose if they consider claims history when canceling or refusing to renew coverage. The notification requirement …
2 weeks 3 days ago
Kingstone Companies Inc. is expanding into the California homeowners insurance market on an excess and surplus lines basis, the company announced. Kingstone announced the move and a partnership with ZestyAI to deploy property-level wildfire risk analytics as part of the …
2 weeks 4 days ago
Maine lawmakers have passed a bill that could make it the first U.S. state to put a moratorium on new data centers as opposition to the electricity-hungry facilities grows across the country over their impact on household energy bills and …
2 weeks 4 days ago
The U.S. Department of Labor has recovered $77,523 in back wages for 12 workers employed by an Austin, Texas restaurant that failed to pay overtime wages required under federal law. The department’s Wage and Hour Division investigated Grand Buffet Paradise …
2 weeks 4 days ago
Britain may widen a planned ban on non-disclosure agreements that silence victims of workplace harassment, discrimination and abuse to include agency workers and the self-employed, as well as permanent staff, the government said on Wednesday. Launching a 12-week consultation, the …
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2 weeks 4 days ago
The director of the Texas summer camp where 27 campers and counselors were killed by a devastating flood in 2025 testified Monday he did not see official warnings issued the day before the storm hit, that staff had no meetings …
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2 weeks 4 days ago
Crews were working Monday to restore power to a closed hydroelectric station in northern Michigan as heavy rain threatens to cause a dam to overflow. More pumps also are being added to the Cheboygan Dam to help push water toward …
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2 weeks 4 days ago
Mendy Friedman joined Alliant Insurance Services as first vice president within its employee benefits group. The Chicago, Illinois-based consultant will partner with a diverse portfolio of employers to design and implement data-driven health and welfare strategies. Friedman is an employee …