Insurance
New York Proposes Guidance Governing Insurers’ Use of AI
New York State is proposing guidance for insurance carriers to prevent unfair discrimination in their use of artificial intelligence and external data sources in underwriting and pricing. A circular letter from Superintendent of Financial Services Adrienne A. Harris outlines the …
Read More OSHA Fines Mississippi Poultry Plant $212,646 in Death of 16-year-old Worker
The Occupational Health and Safety Administration this week fined a Mississippi poultry processor $212,646 – an amount set by law – after a 16-year-old was pulled to his death inside a deboning machine last summer. Mar-Jac Poultry MS LLC in …
Read More People Moves: Stanford Named Interim CEO at Aspen UK; Canopius Appoints Crane as Head of UK Distribution; Miller Taps Carpenter’s Sinniah to Lead Reinsurance, Capital
This edition of International People Moves details appointments at Aspen UK, Canopius Group and London-based broker Miller. A summary of these new hires follows here. Aspen UK Names Stanford as Interim CEO, Succeeding Milner Aspen Insurance Holdings Ltd. announced the …
Read More Michigan to Pay $1.75M to Man Wrongly Convicted for 35 Years in Sexual Assault Case
The state of Michigan has agreed to pay $1.75 million to an innocent man who spent 35 years in prison after being wrongly convicted of sexual assault. Louis Wright was released in November after authorities said DNA tests ruled him …
Read More Texas Woman Sentenced for Workers’ Compensation Fraud
Texas Mutual Insurance Company recently reported that a Travis County district court sentenced Ruth Castilleja of Baytown, Texas, on workers’ compensation fraud-related charges. Castilleja reported an on-the-job injury while working as a phlebotomist for BestCare Laboratory Services LLC in Houston, …
Read More Texas Appeals Court Rules Mark Zuckerberg Must Testify in Multibillion-Dollar Lawsuit Over Facial Recognition Technology
Mark Zuckerberg can’t avoid being called for a deposition in Texas’s multibillion-dollar lawsuit alleging that Meta Platforms Inc. profits from facial recognition technology without user consent, a state appeals court ruled. Tuesday’s decision left in place a lower-court order compelling …
Read More Freelancers File First Lawsuit Challenging Independent Contractor Rule
A group of freelance writers and editors has sued the U.S. Department of Labor, claiming the Biden administration’s new rule making it more difficult for companies to treat some workers as independent contractors is illegal and should be struck down. …
Read More Fla. Senate Panel Votes to Raise Citizens’ Policy Cap to $1M, End Glidepath for Some
The Florida Senate’s Banking and Insurance Committee on Tuesday approved a bill that would make the state-backed Citizens Property Insurance Corp. more like an insurer of last resort, unrestricted by premium caps – at least for some expensive homes in …
Read More Bill Introduced to Keep CFPB Out of State Insurance Regulation
New bi-partisan legislation meant to keep the regulation of insurance companies with state regulators was introduced in the Senate on Jan. 16. The Business of Insurance Regulatory Reform Act of 2024 from senators Tim Scott, R-S.C., and Joe Manchin, D-W.V., …
Read More Haute Cyber? Attackers Are Strutting Into 2024 with More Sophistication
Ransomware has been a hot topic in the cyber industry for several years, but cyber criminals are finding ways to keep it relevant. “Ransomware, I would say, is decreasing in [frequency] and going further into sophistication,” said Dr. Magda Chelly, …
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