INSURANCE NEWS
What 124 Future Business Leaders Really Think About AI and Work
As speculation about artificial intelligence and job loss continues to dominate headlines, a new analysis from the University of Maryland’s Robert H. Smith School of Business offers something rarer: direct insight from the professionals who are living through the transition. …
ANV Completes Acquisition of London-Based Iris Insurance Brokers
ANV Group Holdings Ltd. (ANV), the insurance intermediary platform, has completed the acquisition of Iris Insurance Brokers Ltd., a London-headquartered specialty insurance distribution platform. The transaction, originally announced in March 2026, has received all required regulatory approvals. Financial details of …
US Cyber Agency Is Using Anthropic’s Mythos to Audit Government Code: Sources
The U.S. cyber defense agency CISA is using Anthropic’s AI model Mythos to audit government software, three people familiar with the matter said on Monday, another sign of government enthusiasm for adopting the AI startup’s tools even as the company …
Banks’ Exposure to Heat-Related Losses Faces Scrutiny in EU
Europe’s bank watchdog will look at how exposed lenders are to heat-related risks, as temperature records keep getting broken. The European Banking Authority is currently developing ways to measure the financial impact of extreme heat, a spokesperson for the Paris-based …
CFC Names Former Direct Line Exec Winslow as Group CEO, Succeeding O’Shea
CFC, the London-based specialist MGA, announced the appointment of Adam Winslow as group chief executive officer. The current Group CEO Louise O’Shea, who has served for nearly six years, first as independent non-executive and latterly as CEO, will be stepping …
Iran Missiles Reportedly Hit Ships in Hormuz, Testing US Talks
Iran fired at least two missiles at commercial ships transiting the Strait of Hormuz on Monday night, Axios reported, testing a late-June deal with the US to halt attacks as the two sides work toward a peace agreement. Both vessels …
New York City Reports Cases of Legionnaires’ Disease Rises to 23
The New York City Health Department reported last evening that the number of cases of Legionnaires’ disease in the Upper East Side neighborhoods of Carnegie Hill and Yorkville has risen to 23, with 17 people being hospitalized. The city reports …
Massachusetts High Court: Regulator Must Explain 14.6% Workers’ Comp Rate Cut
“As our high school mathematics teachers reminded us: you need to show your work. That is true for the commissioner’s calculations as well.” With that admonition, the Massachusetts Supreme Judicial Court criticized and returned the 2024 and 2025 workers’ compensation …
Louisiana Order Suspends Insurance Cancellations After Tropical Storm Arthur
Louisiana Insurance Commissioner Tim Temple has issued an emergency rule suspending insurance cancellations and non-renewals in certain parishes as the state recovers from Tropical Storm Arthur. Emergency Rule 50 states that insurers refrain from issuing any notice of cancellation, notice …
Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit
Farmers Insurance has agreed to pay $2.87 million to settle a class action lawsuit alleging a Texas insurance agent sent unsolicited calls and texts in violation of the federal Telephone Consumer Protection Act. The class action alleges that Todd Henderson …
Missouri Officials Advise Drivers on How to Prevent Auto Theft
July is Vehicle Theft Prevention Month, and Missouri Department of Commerce and Insurance (DCI) is using this month to inform drivers of ways to protect their vehicles from theft. In 2025, there were approximately 660,000 vehicle thefts reported in the …
Financial Services’ AI Dangers Highlighted by Regulator’s Review
Britain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because of their growing influence on consumer financial decisions. In a review commissioned by the Financial Conduct Authority and published on …