Insurance
Lawmakers Gather to Talk About AI; Angst and Fears of ‘Destruction’ Follow
A congressional subcommittee on April 16 held a roundtable discussion on the potential of artificial intelligence, which took a turn toward the existential as each lawmaker aired their anxieties about the rapidly evolving technology. Rep. James Walkinshaw, D-Va., expressed alarm …
Read More Business Interruption: Liquor Delivery Backlog Frustrates Retailers in Mississippi
Brandi Carter needs her wine. As the owner of Levure Bottle Shop in Jackson, Mississippi, she sells natural wine delivered to her business by a state agency responsible for distributing alcoholic beverages to liquor stores, bars and restaurants. But delays …
Read More Justice Department Targets Leading US Egg Producers in Antitrust Case: Report
The U.S. Justice Department is preparing an antitrust suit against a few major egg producers, including Cal-Maine Foods and Versova, over alleged price coordination, the Wall Street Journal said on April 17, citing people familiar with the matter. Shares of …
Read More Rapper Sues California Prisons for $100M Over Stabbing by Inmate
Rapper Tory Lanez has sued the California prison system, saying he never should have been housed with a fellow inmate who stabbed him 16 times last year. Lanez, 33, whose legal name is Daystar Peterson, filed the federal lawsuit seeking …
Read More People Moves: Howden Hires Thomas to Lead Trucking Specialty Practice; Cottle to Head Clyde & Co Regulatory and Investigations
Howden, the global insurance broker, hired Patrick Thomas as Howden U.S. managing director within the company’s trucking specialty vertical. Thomas leads Howden’s U.S. trucking strategy, overseeing the continued build-out of a dedicated, nationwide trucking practice serving motor carriers, owner-operators, fleets …
Read More Skydiver Rescued After Crashing Into Virginia Tech Stadium Scoreboard
A skydiver crashed into the Lane Stadium scoreboard before Virginia Tech’s spring football game Saturday. Virginia Tech officials said on X that the skydiver “was safely secured and is currently stable” following rescue efforts. The incident caused a delay in …
Read More Gunfire, U-Turns and Threats Mark a Chaotic Weekend in Hormuz
After Iranian Foreign Minister Abbas Araghchi posted on X on Friday that the Strait of Hormuz was “completely open,” a tanker stuck in the Persian Gulf immediately lifted anchor and began heading for the narrow waterway. The ship believed it …
Read More India Expands Russian Marine Insurance Options
India has expanded the pool of Russian insurers eligible to provide marine cover to ships docking at its ports, increasing the number to 11 from eight, according to its Directorate General of Shipping. India has permitted Russia’s Gazprom Insurance and …
Read More How Niche Insurance Shielded Bad Bunny From Bad Weather
Bad Bunny had a problem. Days before the Puerto Rican mega-star was set to perform in Colombia earlier this year, the possibility of heavy rains threatened to turn three sold-out shows in Medellin into multimillion-dollar losses. Solutions were few. Traditional …
Read More Asia Regulators Raise Scrutiny on Banks Amid Mythos AI Fears
Regulators across Asia are stepping up scrutiny of cybersecurity risks in their financial systems, as concerns over Anthropic PBC’s latest AI model Mythos spread. Singapore’s financial regulator is urging banks to plug holes, while South Korea’s government agencies have met …
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