INSURANCE NEWS

Bank of England’s Bailey Says AI Can Help Regulators to Find the ‘Smoking Gun’

Bank of England Governor Andrew Bailey said on Monday that he and other regulators who oversee the financial services industry should use artificial intelligence to help them spot problems among the firms that they supervise. “I think we’ve all got …
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Markets/Coverages: Tokio Marine Kiln Launches Enhanced Cyber Product Suite

Tokio Marine Kiln (TMK), the Lloyd’s specialist insurer, announced the launch of its enhanced “Cyber Ctrl” cyber product suite. This cyber risk solution features new products and wordings, including Professional Ctrl for technology, media and errors & omissions (E&O), as …
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New Jersey Panel Issues Recommendations on Social Media Use by Teens

Students should be banned from using cell phones in school, parents should delay their child’s access to social media, and social media companies should restrict access for users younger than 16. Those are among the recommendations of the New Jersey …
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Chinese Regulator Summons ByteDance, Alibaba’s Platforms Over Content Violations

China’s cyberspace regulator summoned ByteDance’s news platform Toutiao and Alibaba’s internet browser operator UCWeb over content violations, making them the latest companies to be targeted by a government crackdown on user behavior online. Both platforms were recently penalized for content …
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[Video] In Construction, Labor Shortages Now Compounded by Tariff Concerns

Nationwide may not have felt much change in the construction sector during the first half of 2025, but there are now some signs of shifting due to the unknowns of tariffs. “[We’re] definitely started to see a little of the …
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Trump Warns Against Tylenol in Pregnancy Over Unproven Autism Fears

The Trump administration linked Tylenol to autism and urged pregnant women to avoid the common pain medication despite the lack of widely accepted scientific evidence supporting the risk. “So taking Tylenol is not good — I’ll say it — it’s …
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Hong Kong Braces for Fierce Winds as Super Typhoon Nears

Hong Kong is facing a night of destructive winds and drenching rain as Super Typhoon Ragasa tracks toward the financial hub, potentially becoming the most damaging storm since Mangkhut in 2018. The typhoon is packing top sustained winds of 220 …
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Europe Airport Chaos Highlights Rise in High-Profile Ransomware Attacks: Cyber Experts

Cybercriminals are taking greater risks by hitting high-profile targets to get bigger payoffs and boost their online reputational clout, cybersecurity experts said, after a weekend hack crippled airport check-in systems across Europe and stranded thousands of passengers. The European Union’s …
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Drones That Shut Copenhagen Airport Flown by ‘Capable Operator’: Danish Police

Danish police said on Tuesday that drones that shut the country’s main airport a day earlier appeared to have been flown by “a capable operator” seeking to demonstrate certain abilities, adding that no suspects had been identified. The airports in …
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Shippers Warn Net Zero Plan Could Cost Over $300 Billion by 2035

A group of shipping firms warned that the International Maritime Organization’s planned net zero rules risk imposing significant costs on the industry. The IMO, shipping’s global regulator, has set a goal of net zero for shipping by mid-century and next …
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NC Postal Worker Pleads to Lying About Work While Gaining $500K in Benefits

A 74-year-old former postal worker in North Carolina is facing up to five years in prison after pleading guilty to falsifying information about her post-injury employment and costing the federal workers’ compensation program as much as $500,000 in indemnity and …
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Judge Clears Florida Officer in Shooting of UPS Driver, Citing ‘Stand Your Ground’

A South Florida judge cleared a police officer of wrongdoing in the shooting death of a UPS driver who had been taken hostage during a 2019 robbery. Broward Circuit Judge Ernest Kollra ruled that Jose Mateo, who had been charged …
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