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INSURANCE NEWS
Binance Hackers Used Fake Job Interviews in $6.3 Billion Heist
Binance Holdings Ltd. said Tuesday that the hackers behind a $6.3 billion heist used social engineering techniques including fake job interviews, as well as malicious software, in the most detailed report yet on how the incident unfolded. Binance, which attributed …
Schools, Faith Groups, Libraries Step Up As Disaster Aid Becomes a Political Lottery
Four tornadoes tore across southwest Michigan in early March 2026, killing four people. They were the state’s deadliest natural hazards in decades. Gov. Gretchen Whitmer asked the Federal Emergency Management Agency for assistance to cover uninsured and underinsured losses. FEMA …
Learjet May Have Broken Up Before Fatal Florida Crash, NTSB Says
US air safety investigators said there are early indications the Learjet 60 that crashed in Palm Beach, Florida, on Sunday had broken up before impacting the ground, killing all nine people on board and injuring at least one person on …
Vantage Launches Facultative Reinsurance Business, Names Pickard as President
Vantage Group Holdings Ltd., the Bermuda-based re/insurer, announced the launch of its Facultative Reinsurance line of business, led by industry executive Lisa Pickard, who has joined Vantage as president of Facultative Reinsurance. This expansion marks a key milestone in Vantage’s …
Berkshire-Owned Utility’s Wildfire Lawsuits Head to Oregon Supreme Court
The Oregon Supreme Court will on Tuesday review a verdict that could expose Berkshire Hathaway’s PacifiCorp utility to tens of billions of dollars of potential damages over its role in four Oregon wildfires in 2020. Oregon residents and business owners …
UK Must Expect AI-Powered Attack on Critical Infrastructure Within Two Years: Report
Britain should be prepared for an AI-powered cyberattack on its critical national infrastructure in the next two years, the UK’s National Cyber Security Centre said on Tuesday, adding that China was likely the best equipped to conduct such operations. Richard …
The Hanover’s Roche Receives Insurance Industry’s Lifetime Achievement Award
The Institutes Griffith Foundation and the American Property Casualty Insurance Association (APCIA) honored John C. “Jack” Roche, president and chief executive officer of The Hanover Insurance Group, with the 2026 Lifetime Achievement Award during the APCIA Annual Meeting in Boston, …
Barclays Steps Up Client Reviews to Track Flood Exposure
Barclays Plc has been stepping up its review process to ensure it detects client exposures to intensifying flood risks. The bank has been running internal models to make sure it’s tracking different scenarios, said Amit Puri, its head of sustainability …
FTC, States Allege Toast Software Burns Restaurants and Consumers
The Federal Trade Commission (FTC) and eight states have filed a lawsuit against Toast Inc. alleging the restaurant software company charges restaurants hidden and unauthorized fees and unwanted add-ons; fails to deliver on its customer support promises; and makes it …
Roundup Settlement Expected Before Christmas, Bayer CEO Says
German drugs and agrochemicals group Bayer is expecting a $7.25 billion settlement on its Roundup weedkiller to come before Christmas, CEO Bill Anderson said on Tuesday. The company is seeking to resolve tens of thousands of Roundup lawsuits through the …
Data Centers, AI Become Local Political Issues Without Federal Regs
On the eve of the midterm elections, there may be larger issues but none may approach the convergence of economic development, technology, politics, and local concerns quite like data centers. Certainly, data centers have become a steady rallying cry in …
Banks Start Reviewing Clients’ Loan Terms as El Niño Builds
Banks whose clients are exposed to the super El Niño cycle building in the Pacific Ocean are now assessing loan structures and loss risks, with debt rescheduling among options being considered. Spain’s Banco Bilbao Vizcaya Argentaria SA, which aside from …
