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INSURANCE NEWS
Northeast States Sue Trump Administration Over Offshore Wind Farm Cancellation
Seven U.S. states led by New York sued the Trump administration on Tuesday for canceling a major offshore wind lease off the coast of New York in exchange for a pledge by its owner to invest instead in fossil fuel …
Sentry to Sponsor PGA Tournament at Torrey Pines
Sentry Insurance will take over as the sponsor of the PGA Tour event at Torrey Pines Golf Course in San Diego, Calif. The tournament, which will be named The Sentry, will take place Jan. 27-30, 2027. The iconic Torrey Pines …
Business Moves: WTW Buys Redefind to Boost Access to Crypto and Digital Asset Insurance Offering; ASR Agrees to Strategic Investment From PE Firm Vitruvian Partners
WTW Buys Redefind to Boost Access to Crypto, Digital Asset Insurance Insurance broker WTW announced it has acquisition of Redefind, an end-to-end web-based platform, designed to facilitate access to insurance products for crypto and digital assets. WTW said this investment …
People Moves: Holmes Murphy Hires Cointment as Sr. Client Executive, Surety
Holmes Murphy announced that Chaz Cointment has joined the brokerage as a Sr. Client Executive, Surety. In this role, Cointment will be responsible for the development and management of client surety programs. His key focus will be to enhance and …
ANV Acquires Texas’ SCIS
ANV, a global insurance intermediary platform, has successfully completed the acquisition of Specialty Comp Insurance Solutions from Specialty Program Group, a subsidiary of Hub International. SCIS is a Texas-based managing general agent specializing in tough-to-place monoline workers’ compensation insurance. The …
People Moves: HUB Appoints Bloemers as National Chief Cross-Sell Officer
HUB announced the appointment of Kyle Bloemers as national chief cross-sell officer. The newly created role is part of HUB’s broader strategy to help deliver greater value to clients, drive new business generation and accelerate organic growth. Bloemers will spearhead …
Florida’s Sypher Insurance Exchange Gets COA and BBB Strength Rating
After more than two years of company-building and fundraising, Tampa-based Sypher Insurance Exchange has won its certificate of authority, along with a financial rating. The stamps of approval mark Sypher’s official entry into the market as the first property insurer …
Amazon’s Ring Sued Over Facial Recognition Feature
Amazon was sued on Monday by a Virginia resident over what he said were privacy violations after the company’s Ring doorbell cameras at friends and family members’ homes collected and stored images of his face using facial recognition software. The …
Shipper Escapes $41.9M Award for Man Paralyzed When Lights Fell From Pallet on Him
A worker who suffered serious injuries in 2017 after a 1,300-pound load of lighting fixtures fell onto him has lost the $41.9 million he was awarded by a jury in October 2022. The Connecticut Appellate Court this week overturned the …
Anthropic Offers Mythos Model Access to 150 Additional Groups
Anthropic PBC is allowing 150 additional organizations around the world to access Mythos, an artificial intelligence model aimed at finding cybersecurity vulnerabilities that the company has said was too dangerous to make available to the general public. Anthropic plans to …
People Moves: Markel Int’l Promotes McCarthy as MD of Marine, Energy and Construction Division in London; Gallagher Re Names Key Leaders of Programs Solutions Team
This edition of International People Moves details appointments at Markel International and Gallagher Re. A summary of these new hires follows here. Markel Int’l Promotes McCarthy as MD of Marine, Energy and Construction Division in London Markel Insurance, the insurance …
Florida Sues OpenAI, Sam Altman Over Chatbot Safety Concerns
The state of Florida sued OpenAI and Chief Executive Officer Sam Altman, accusing the artificial intelligence company of ignoring safety warnings and releasing its ChatGPT product while knowing it was harmful to users. The lawsuit, filed Monday in state court, …