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INSURANCE NEWS
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, …
Social Media Companies to Pay $27M to Settle Kentucky School District’s Lawsuit
A Kentucky school district secured roughly $27 million in settlements from Meta Platforms and other social media companies over claims they fueled a student mental‑health crisis, according to records seen by Reuters on Friday. Meta agreed to pay the most …
People Moves: Axis Appoints Su to Lead Alternative Risk, NA; Bloemers Hub’s New Chief Cross-Sell Officer; BHSI Names Wyatt Head of Marine for NA, UK
Axis Capital Holdings Limited, headquartered in Pembroke, Bermuda, appointed Austin Su as head of alternative risk, North America. Su will lead the development and execution of Axis’s alternative risk and structured casualty strategy, focusing on building and scaling the company’s …
California Suing Former 23andMe Firm for 2023 Data Breach
California Attorney General Rob Bonta filed a lawsuit against the DNA company formerly known as 23andMe for failing to protect consumer data. Bonta sued Chrome Holding Co., formerly known as 23andMe, for failing to protect its customers’ personal information and …
Rikers Correction Officer Lied to Obtain Workers’ Compensation Benefits
A corrections officer at New York City’s Rikers Island prison has pleaded guilty to receiving more than $200,000 in workers’ compensation benefits to which he was not entitled, prosecutors reported. According to Jay Clayton, U.S. Attorney for the Southern District …
Still Too Risky to Move Seafarers out of Gulf, U.N. Agency Boss Says
Despite the current ceasefire between the United States and Iran, it remains too risky to move the thousands of sailors stuck in the Gulf, the head of the U.N.’s shipping agency said. “We will not be able to activate anything …
GE Vernova Must Continue Vineyard Wind Work While Payment Issues Play Out
A Massachusetts judge on Monday declined to lift an order that forced turbine supplier GE Vernova to continue work on the largest offshore wind farm in New England or to send its dispute with the $4.5 billion project’s developer, Vineyard …
