INSURANCE NEWS
Hackers Used AI to Breach 600 Firewalls in Weeks, Amazon Says
Over the last five weeks, a limited number of hackers broke into more than 600 firewalls across dozens of countries with the help of widely available artificial intelligence tools, according to security research from Amazon.com Inc. The small group of …
Resilience: Cyber Risk Shifts From Disruption to Long-Tail Losses
Cyberattacks are no longer designed solely to cause immediate business disruption. Instead, they are increasingly engineered to inflict sustained financial, regulatory and reputational damage that lingers well beyond the initial incident, according to a new portfolio study from Resilience, a …
Canada to Press OpenAI Safety Officials in Wake of School Shooting
Canada will press OpenAI officials on Tuesday about their safety protocols after it emerged the ChatGPT maker did not contact police about an account it banned belonging to an alleged mass shooter, a government minister said. Jesse Van Rootselaar, 18, …
What to Know About Killing of Powerful Cartel Leader ‘El Mencho’ in Mexico
The Mexican army killed the country’s most powerful cartel leader and one of the United States’ most wanted fugitives, notching a major victory while cartel members responded with a wave of violence across the country. The killing Sunday of Jalisco …
Surge of Insurance Capital Into Private Markets Boosts Hiring, Pay Deals
The surge of insurance capital into private markets is boosting hiring and pay deals in the sector despite recent jitters, with senior managing directors asking for pay packets of $2.5 million and above. Those are some of the findings in …
Tycoon Richard Li’s Bolttech Is Said in Talks to Buy MoneyHero
Bolttech Holdings Ltd. is in talks to buy Nasdaq-listed MoneyHero Ltd., people familiar with the matter said, a move that would combine two financial technology firms backed by billionaire Richard Li. Closely held Bolttech is doing due diligence and valuation …
Amex, Deere, J&J Abandon Board Diversity Rule, Activist Says
American Express Co., Deere & Co. and Johnson & Johnson have dropped diversity criteria for selecting new board directors, according to a conservative shareholder activist group. Goldman Sachs Group Inc. is considering a similar change, Bloomberg confirmed earlier this week. …
Tesla Must Face Lawsuit Alleging Anti-American Bias in Hiring, Judge Rules
A U.S. judge has refused to dismiss a lawsuit accusing Tesla of discriminating against American citizens in hiring so it can pay less to foreign workers, but said he was skeptical that the software engineer who sued would prevail. U.S. …
Florida OIR Slams Committee-Approved Clearinghouse Bill Changes as ‘Illusory’
With no debate and little discussion, a final Florida House committee on Tuesday approved a bill that would set up a clearinghouse to help move commercial policies out of Citizens Property Insurance Corp. and into surplus lines carriers. The House …
Wynn Resorts Says Hackers Stole Employee Data
Wynn Resorts on Tuesday said hackers had obtained employee data and that the company was investigating the breach. Michael Weaver, Wynn’s chief communications officer, said in an email Tuesday that the company learned that “an unauthorized third party acquired certain …
TWIA Board Sets $4.3B as 1-in-50 Probable Maximum Loss for 2026 Storm Season
The Texas Windstorm Insurance Association’s board voted to finalize $4.3 billion as the association’s 1-in-50 probable maximum loss for the 2026 storm season. The 1:50 PML, the level of losses that would be expected to be exceeded on an annual …
WalkerHughes Acquires Ohio’s Sacksteder Worland Insurance Agency
WalkerHughes Insurance, a privately held, founder led retail insurance brokerage, announced its expansion into Ohio with the acquisition of Sacksteder Worland Insurance Agency based in Tiffin, Ohio. This partnership represents WalkerHughes’ fourth state of operation, adding to its established presence …