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INSURANCE NEWS
Stock Markets Are Too High and Set to Fall, BOE Deputy Governor Tells BBC
The Bank of England expects stock markets around the world to fall because current share prices do not fully reflect the many risks facing the global economy, Deputy Governor Sarah Breeden said in an interview with the BBC on Friday. …
Founder of Collapsed MFS Faces £1.3 Billion Creditor Claim
Paresh Raja, the founder of collapsed mortgage firm Market Financial Solutions Ltd., is facing a £1.3 billion ($1.8 billion) lawsuit in the UK from creditors alleging he breached his fiduciary duties. Raja, who is already subject to a worldwide freeze …
China’s 360 Hunts Software Flaws With AI, Echoing Mythos
A large Chinese cybersecurity firm is using artificial intelligence to identify security vulnerabilities in widely used software applications, positioning itself as a competitor to Anthropic PBC, according to a new report. The company, 360 Digital Security Group, has in recent …
UK Financial Sector Prepared for Mythos and Others, Says BoE Co-Chaired Group
The Bank of England and other financial services representatives on Wednesday said the sector was prepared for developments around Anthropic’s Mythos artificial intelligence model and other emerging frontier AI models. Mythos is viewed by cybersecurity experts as posing significant challenges …
UniCredit Raises Stake in Generali After Earlier Signaling Cut
UniCredit SpA boosted its stake in Assicurazioni Generali SpA to 8.7%, despite earlier indications that it planned to trim the holding. The bank is the insurer third-largest shareholder of Generali, according to a statement of the Trieste-based insurer detailing the …
Iran Fast-Boat Swarms Add to Hormuz Threats for Shipping
Iran’s use of a swarm of small, fast boats to seize two container ships near the Strait of Hormuz could undermine suggestions U.S. forces have disabled its naval threat and reveals the challenges facing reopening one of the world’s most …
UK Health Data Listed for Sale on China’s Alibaba After Breach
Health records from 500,000 people who are participating in British research into aging and diseases were made available for sale on an Alibaba Group Holding Ltd. website. Database owner UK Biobank notified the UK government on Monday that the data …
NHTSA: Recent Auto Recalls From Jaguar, Ford
Jaguar Land Rover is recalling 170,169 vehicles in the U.S. due to loss of drive power, the U.S. National Highway Traffic Safety Administration said on April 23. The recall affects multiple models including Range Rover, Discovery, Range Rover Sport, Defender, …
US Plans to Speed Insurance Coverage for Medical Devices
Breakthrough medical devices will get faster insurance coverage in the US under a new government program that coordinates coverage with the approval process, streamlining one of the biggest hurdles for patient access and industry sales. The Centers for Medicare and …
DOJ to Loosen Marijuana Rules in Major Shift for $47B Industry
The U.S. Department of Justice said on Thursday it would immediately loosen restrictions on some marijuana products and move quickly to reclassify the drug as less dangerous, in one of the biggest changes to U.S. drug policy in decades. The …
As Planet Warms, IBHS Tests Homes to Find Best Protection From Wildfires
RICHBURG, S.C. (AP) — It took less than three minutes for wind-whipped flames to go from licking the side of the house to shattering a window and working under the eaves to burn everything inside. Weeks later, another house in …
Mississippi Law School Among First in Nation to Require AI Education
Mississippi College School of Law is one of the first schools in the nation to tackle the growing influence of artificial intelligence in jurisprudence by making AI education mandatory for all students. For John Anderson, dean of the school, the …
