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The UK has seen a significant increase in major cyberattacks by criminals and hostile states over the last year, the country’s cyber security agency said, following a spate of high-profile incidents targeting companies from Jaguar Land Rover to Marks & …

French banks and insurers tapped the European market for bonds on Monday, with investor demand holding up for most offerings despite the country’s ongoing political crisis. BPCE SFH sold a €1 billion ($1.2 billion) covered bond, which saw more than …

A boom at financial technology firms and growing demand to get to grips with artificial intelligence lifted financial sector job vacancy numbers in London in the third-quarter, Morgan McKinley’s London Employment Monitor showed on Monday. Vacancies in the sector rose …

Apple was hit with a lawsuit in California federal court by a pair of neuroscientists who say that the tech company misused thousands of copyrighted books to train its Apple Intelligence artificial intelligence model. Susana Martinez-Conde and Stephen Macknik, professors …

Regulators are still at an “early stage” in their efforts to track the risks posed to the financial system by the rapid adoption of artificial intelligence, global financial watchdogs warned on Oct 10. In a report to the G20, the …

A federal jury in Marshall, Texas found on Oct. 10 that Samsung Electronics owes patent owner Collision Communications nearly $445.5 million in damages for infringing on patents related to 4G, 5G and Wi-Fi communications standards. The jury said that Samsung’s …

At least six property insurers in Florida have opened a new front in their battle against public claims adjusters – policy endorsements that strongly discourage property owners’ use of public adjusters altogether. And the National Association of Public Insurance Adjusters …

Online platform Angi, formerly known as Angi’s List, has settled with Vermont’s attorney general over concerns about misleading marketing on its online platform, which connects consumers with more than 300 Vermont contractors or service professionals. Attorney General Charity Clark said …

California Gov. Gavin Newsom signed a bill aimed at ramping up the housing supply, bucking opposition from detractors including Los Angeles Mayor Karen Bass and neighborhoods around the state’s largest city. The legislation allows apartment buildings as tall as nine …

California Gov. Gavin Newsom signed a bipartisan bill that aims to prevent the state’s home insurer of last resort from running out of money following a natural disaster. The FAIR Plan is an insurance pool that provides policies to people …

ICW Group Insurance Companies named Lynn Moretti chief claims officer. Moretti will oversee the company’s claims operations nationwide. Moretti previously served as chief claims officer for AmTrust Specialty, managing international claims operations in the U.K. and European Union. She has …

Insurtech Bold Penguin said it has acquired SquareRisk, a digital, artificial intelligence-enabled wholesale insurance marketplace. Bold Penguin said users of its quoting software will now have additional commercial insurance policy coverage options beyond the admitted space to fill the evolving …

The U.S. National Highway Traffic Safety Administration said on Thursday that it is opening an investigation into 2.88 million Tesla vehicles equipped with its Full Self-Driving system over more than 50 reports of traffic-safety violations and a series of crashes. …

Special Contingency Risks (SCR), a WTW business, has launched an Enhanced Victim Support insurance extension (EVS) to support hostage victims. The SCR initiative launches as part of an exclusive partnership with the charity, Hostage International. This new offering underscores SCR’s …

Higginbotham has acquired Lubbock, Texas-based Stephens Insurance Services, a benefits specialist. The collaboration pairs on-the-ground relationships with added resources to enhance combined service offerings across West Texas and into eastern New Mexico, Higginbotham said. Stephens Insurance Services specializes in three …

A North Carolina woman has been busy over the last three years, illegally obtaining weight-loss medication, administering it to people, and defrauding insurance companies of more than $87,400, the state Department of Insurance alleged this week. Heather Ann Robinson, 37, …

Louisiana state police have released video evidence in a deadly 2024 car crash that authorities contend was caused by reckless driving by Kyren Lacy, a former Louisiana State University football star who took his own life days before a grand …

A 69-year-old truck driver who was seriously injured in a fight that prosecutors say was started by former NFL quarterback and sports analyst Mark Sanchez is suing Sanchez and his employer, Fox Corporation, in Indiana state court. Lawyers for Perry …

Recoop Disaster Insurance announced the appointment of Greg Bailey as Chief Executive Officer and Charlie Turri as Chief Technology Officer. Together, Bailey and Turri bring deep experience in insurance, financial services, and technology innovation that will position Recoop for accelerated …

The Federal Reserve’s former top-ranking official overseeing climate risk says the US economy faces a series of long-term, structural shocks as a result of increasingly extreme weather patterns. Kevin Stiroh, who left the Fed earlier this year after it wound …