INSURANCE NEWS
Patriot Growth Expands With Brennan & Co. Insurance Agency in Georgia
Brennan & Co. insurance agency, based in Savannah, Georgia, is now part of Patriot Growth Services, a brokerage and insurance services firm that has grown rapidly since its founding in 2019. Brennan began business in 2005, specializing in commercial marine …
SC Party Boat Shooting Victim Lawyer Says No One Checked IDs or For Weapons
No one was checking IDs or for weapons before a party boat cruise that ended with a shooting that hurt 11 people in South Carolina over Memorial Day weekend, a lawyer for one of the victims said. Police have announced …
Longtime Alabama Insurance Agent Announces Run for Governor
Longtime Alabama insurance agent and former congressional candidate Ken McFeeters announced he is running for governor of Alabama next year, casting himself as a political outsider and accusing his opponent U.S. Sen. Tommy Tuberville of being a “part of the …
OpenAI Finds More Chinese Groups Using ChatGPT for Malicious Purposes
OpenAI is seeing an increasing number of Chinese groups using its artificial intelligence technology for covert operations, which the ChatGPT maker described in a report released Thursday. While the scope and tactics employed by these groups have expanded, the operations …
Trump Administration May Rescind $4B for California High-Speed Rail Project
The Trump administration said Wednesday there is no viable path forward for California’s High-Speed Rail project and warned it may rescind $4 billion in government funding in the coming weeks. The U.S. Transportation Department released a 315-page report from the …
UK Bankers Criticized for Lack of Risk Appetite in Green Finance
A senior executive at the UK’s National Wealth Fund has criticized the country’s banks and money managers for what he characterized as their failure to embrace the risk levels needed to drive the low-carbon transition. “What I’m not seeing is …
Burning Ship Abandoned in Pacific Carried Several Chinese Car Brands
A cargo ship that was abandoned in the middle of the Pacific Ocean after catching fire Tuesday was carrying cars from several Chinese automakers, according to people familiar with the matter. The Morning Midas was shipping around 3,000 cars from …
Tax Bill’s Bid to Ban New AI Rules Faces Bipartisan Blowback
A Republican attempt to block states from enforcing new artificial intelligence rules over the next decade has drawn growing bipartisan objections, exposing tension in Washington over allowing for more unchecked AI development. The proposal, buried on pages 278 and 279 …
China Considers Safety Rules for Driving Assistance Systems
China is considering imposing safety requirements for driving assistance systems, as more of the country’s automakers offer such features on cars to attract buyers. A post published by China’s national standards database on Wednesday showed that the country’s Ministry of …
NOAA ‘Fully Staffed’ With Forecasters, Scientists, US Commerce Secretary Says
U.S. Commerce Secretary Howard Lutnick told a Senate hearing that the National Oceanic and Atmospheric Administration (NOAA) is “fully staffed” with weather forecasters and scientists after concerns were raised about some offices losing 24-hour staffing ahead of hurricane season. “We …
Bernie Madoff Customers to Recoup $498M, Payout Tops $15B
Former customers of the late Ponzi schemer Bernard Madoff will recoup $498.3 million under a settlement on Wednesday with the liquidators of two Luxembourg funds, boosting their recovery to about $15.26 billion. The Luxembourg Investment Fund and Luxembourg Investment Fund …
Agents Must Take the Lead on Personal Cyber Coverage, Report Says
While major corporate cyber hacking makes the news nearly every day, what about hackers in homes? As personal lives and residences become more intertwined with the internet, consumers are at greater risk of personal cybercrime. As risk grows, so does …