INSURANCE NEWS
UAE-Owned Tanker Leaks Some Fuel Off Oman Following Iranian Strike
A unit of state-owned Abu Dhabi National Oil Company said on Wednesday that one of its tankers struck by Iranian drones last week has leaked a small amount of fuel off the coast of Oman, underscoring the ecological risks stemming …
ECB Urges Banks to Quickly Prepare for AI-Assisted Cyberattacks
European Central Bank board member Frank Elderson on Wednesday urged banks in the euro area to quickly prepare for potential cyberattacks launched with the help of Anthropic’s Mythos AI model or similar tools. Elderson, who is vice chair of the …
Six Arrested in Louisiana Insurance Fraud Scheme
Six Louisiana residents have been arrested for participating in a long-running insurance fraud scheme involving fire and water damage claims, the Louisiana Department of Insurance announced. The suspects, all from Ouachita Parish, face charges of insurance fraud, identity theft and …
TWFG Acquires Fortress Insurance Services
TWFG announced that it has acquired Fortress Insurance Services, adding four new agency locations and a wealth of experienced insurance professionals to the TWFG family. This strategic acquisition strengthens TWFG’s presence in the Upper Midwest and reinforces its commitment to …
Corpus Christi Residents and Businesses May Have to Cut Water Use by 25%
Corpus Christi residents and businesses — including one of the nation’s largest petrochemical corridors — may be required to cut water use by 25% during a water emergency that city leaders expect to hit by September unless a devastating drought …
Google Settles Racial Discrimination Lawsuit for $50 Million
Google has settled with Black employees who alleged systemic racial disparities in hiring, pay, and advancement in a lawsuit filed in 2022. April Curley, a former Google employee, had sued the tech giant for racial discrimination, saying it engages in …
Florida Surplus Lines’ HO Premiums Now Average About the Same as Admitted Market
The cost of a surplus-lines homeowners’ policy in Florida is now about the same as admitted-market HO policies, reflecting the growing trend for excess and surplus firms across the state and beyond, recent reports show. The Florida Surplus Lines Service …
People Moves: Daughton Joins Lawley as Director of Sales Development
Lawley, headquartered in Buffalo, New York, hired John (Jed) Daughton to the newly created role of director of sales development. Daughton will lead the strategy behind Lawley’s sales growth in both property & casualty and employee benefits, building unified sales …
High-Powered Dads Are Spending Less Time at Work, More on Childcare
For the first time in a generation, college-educated fathers are spending substantially more time on their homes and kids than they did just a few years ago, often cutting working hours to do it. Their changing behavior has revitalized a …
California Suit Claims OpenAI Chatbot Gave Advice That Led to Fatal Overdose
The parents of a man who died of an accidental drug overdose last year sued OpenAI and its founder and CEO Sam Altman in a California court on Tuesday, alleging the man was coached to take a dangerous combination of …
Tesla Authorized to Test Supervised Self-Driving Software in Belgium
Tesla has been authorized to test its supervised self-driving software on one car on the roads of Belgian region of Flanders as part of a the general authorization process, a spokesperson for regional minister Annick De Ridder said on Wednesday. …
Alabama AG Announces Civil Probe of Southern Poverty Law Center
Alabama’s attorney general announced a civil investigation Monday into the Southern Poverty Law Center’s fundraising practices in the wake of a federal indictment against the organization. Alabama Attorney General Steve Marshall said he has sent a subpoena to the center …