INSURANCE NEWS

Fatal 2022 China Plane Crash Points to Midflight Fuel Cutoff

The China Eastern Airlines Corp. jetliner that plummeted into a hillside in 2022, killing all 132 people on board, had its fuel supply cut during the flight, newly released investigative material shows, supporting the theory that the aircraft was intentionally …
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Crew Rescued After Cargo Ship Sinks Off Greece, Coast Guard Says

Greece has rescued all nine crew members, eight Turkish and one Azerbaijani, of a cargo ship that hit rocks and sank off the island of Andros early on Wednesday, a Greek coast guard official said. The Vanuatu-flagged freighter had left …
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Trump Administration Seeks to Stop Minnesota Lawsuit Against Oil Companies

President Donald Trump’s administration moved Monday to block a lawsuit Minnesota officials filed almost six years ago alleging oil companies and a petroleum trade group deceived state residents about climate change. The U.S. Department of Justice, the administration’s law enforcement …
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Trump Pauses Effort to Escort Ships in Strait of Hormuz, Citing Deal Progress

U.S. President Donald Trump said on Tuesday he would briefly pause an operation to help escort ships through the Strait of Hormuz, citing “great progress” toward a comprehensive agreement with Iran. Hours earlier, U.S. Secretary of State Marco Rubio had …
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FSB Watchdog Flags Risks in Banks’ Growing Private Credit Ties

The fast-growing private credit industry’s deepening links with traditional banks and asset managers create risks to the global financial system, the global Financial Stability Board watchdog said on Wednesday, warning some broader measures showed upwards trends of defaults. Signs of …
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Louisiana Directive Requests Annual Reporting of Personal Lines Data

Louisiana Insurance Commissioner Tim Temple on Tuesday issued a directive to residential property and personal auto insurers for mandatory annual reporting of policies. Beginning in 2026, data submissions are required on an annual basis, replacing the previous quarterly reporting requirement. …
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10 Hospitalized After Chemical Leak at Louisiana Business

Ten people were hospitalized after a valve malfunction led to a chemical leak at a Louisiana business on Tuesday, May 5. The Louisiana State Police Emergency Services Unit responded to a hazardous materials incident in Duson at approximately 7 a.m. …
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Tech Update: Corgi Fills AI Risk Gaps; Gallagher Touts AI-Human Sales Blueprint; Cogitate AI and Vital Protect Medical Practices

Corgi AI Coverage Fills Gaps Left by Traditional Tech Coverage From autonomous agents making financial decisions to models generating customer-facing content, AI systems are no longer just experimental, they are operational. But what happens when one of these systems malfunctions, …
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FAA Proposes Limits on Drone Flights to Address Security Worries

The Trump administration is proposing rules to tighten security against rogue drone flights. Owners of certain facilities such as energy plants, oil refineries, state prisons and amusement parks would be able to request restrictions on drones near their sites under …
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Microsoft, Google and xAI to Give Government Early Access to AI Models

Microsoft, Google and Elon Musk’s xAI agreed to give the U.S. government early access to new artificial intelligence models for national security testing, as U.S. officials grow alarmed by the hacking capabilities of Anthropic’s newly unveiled Mythos. The Center for …
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EEOC Lawsuit Claims NY Times Wrongly Denied White Male Editor a Promotion

The New York Times was sued on Tuesday by the U.S. Equal Employment Opportunity Commission, which accused the newspaper of passing over a white man for a top editorial role because of his race and gender, in order to meet …
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Bird Flu May Spread Through Air on California Dairy Farms, Study Finds

Air and wastewater may help spread bird flu on California dairy farms, according to a study that points to more transmission routes than previously understood. Researchers sampling 14 infected farms found the H5N1 virus in the air during milking, in …
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