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INSURANCE NEWS
Judge Approves $46.75 Million Payout for 23andMe Data Breach Victims
A U.S. bankruptcy judge on July 7 approved a $46.75 million settlement for victims of a 2023 data breach at the genetic testing company 23andMe, which exposed genetic and other personal information of an estimated 6.9 million customers. U.S. Bankruptcy …
NTSB Finds No Engine Failure in Deadly Missouri Skydiving Plane Crash
Federal safety investigators said in a new preliminary report that they found no indication that engine failure caused the fiery crash of a plane on a skydiving outing last month in Missouri that killed all 12 people aboard, including several …
Sompo to Acquire Service Insurance Companies to Expand US Workers Comp
Sompo International Holdings Ltd. said it has a definitive agreement to acquire Service Insurance Companies, a monoline workers’ compensation insurance company. Terms of the transaction were not disclosed. “Together with Service Insurance Companies’ seasoned leadership team and proven workers’ compensation …
Midtown Manhattan Buildings Evacuated After Collapse Warning
Construction crews were pulled from a 37-story Midtown Manhattan building Tuesday morning after bricks were reported falling from the 21st floor, emergency officials said, prompting building evacuations and street closures in one of the city’s busiest corridors. Pedestrian and vehicular …
LNG Tanker at Risk of Exploding After Two Vessels Struck Near Strait of Hormuz
A Qatari LNG tanker was at risk of exploding and a Saudi-flagged crude oil tanker was damaged near the Strait of Hormuz, sources said on Tuesday, after reports that Iran fired missiles at ships in the waterway overnight. The Al …
People Moves: AXA XL Appoints Rodliff as Chief Claims Officer, Americas
AXA XL, headquartered in New York City, appointed Matt Rodliff as chief claims officer, Americas, effective July 13. Rodliff succeeds Jim DiVirgilio, who has announced his retirement effective at the end of July. DiVirgilio served for 18 years at AXA …
Organized Jewelry Theft Ringleader in California Handed 16-Year Sentence
The leader of an organized retail theft ring targeting high-end jewelry stores across Southern California was handed a 16-year prison sentence this week. From April 2023 to May 2024, Rodney Allen Flynt Jr. and his accomplices carried out thefts resulting …
Meta Says States Seek $1.4 Trillion in Penalties in August Youth Safety Trial
Meta Platforms said in a court filing on July 6 that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and Instagram platforms to addict young users and misled the public about their safety. …
Faster, Fiercer Wildfires Are Testing Evacuation Plans
On a warm summer morning, two fire officials navigate an SUV along a narrow road that switchbacks high into the hills above the town of Fairfax, California, where thickets of trees conceal hundreds of homes. When the road dead-ends, they …
What 124 Future Business Leaders Really Think About AI and Work
As speculation about artificial intelligence and job loss continues to dominate headlines, a new analysis from the University of Maryland’s Robert H. Smith School of Business offers something rarer: direct insight from the professionals who are living through the transition. …
ANV Completes Acquisition of London-Based Iris Insurance Brokers
ANV Group Holdings Ltd. (ANV), the insurance intermediary platform, has completed the acquisition of Iris Insurance Brokers Ltd., a London-headquartered specialty insurance distribution platform. The transaction, originally announced in March 2026, has received all required regulatory approvals. Financial details of …
US Cyber Agency Is Using Anthropic’s Mythos to Audit Government Code: Sources
The U.S. cyber defense agency CISA is using Anthropic’s AI model Mythos to audit government software, three people familiar with the matter said on Monday, another sign of government enthusiasm for adopting the AI startup’s tools even as the company …
