INSURANCE NEWS
US Officials Mull Easing Tariffs Targeting the Auto Industry
The Trump administration is considering whether to reduce certain tariffs targeting the auto industry that carmaker executives have warned would deal a severe blow to profits and jobs. One measure would spare automobiles and parts already subject to tariffs from …
Baltimore City School District Reports Cyber Incident
Baltimore City public school officials are dealing with a cybersecurity incident that occurred on February 13. Officials said that criminal actors appear to have gained unauthorized access to documents with information belonging to some current and former employees who completed …
Apple, Meta Fined as EU Presses Ahead With Tech Probes
Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech. The EU fines could …
After FSU Shooting, Students Call on Lawmakers to Block Lower Gun-Buying Age
TALLAHASSEE, Fla. (AP) — Student survivors of last week’s deadly shooting at Florida State University urged state legislators Tuesday to block an effort to reverse a law passed after the 2018 Parkland school shooting that raised the state’s gun-buying age …
Lilly Sues 4 Compounders Over Copies of Weight-Loss Drugs
Eli Lilly said Wednesday it had sued four compounders for selling unapproved products containing tirzepatide, after a U.S. judge last month blocked pharmacies from making copies of its weight-loss and diabetes medicines. Compounders were, until recently, allowed to produce copies …
Insurance Groups Celebrate Signing of Georgia Tort Reform Laws
ATLANTA (AP) — Republican Gov. Brian Kemp’s political organization took to social media to tout his success in limiting lawsuits in a way Georgians could understand. “Thank you” its ad proclaimed, with the words blocked in the yellow-and-black all-caps style …
Update on New Jersey Wildfire: 50% Contained; 13,250 Acres Burned
New Jersey firefighters reported Wednesday night that the Jones Road wildfire in Ocean County has been 50% contained after burning 13,250 acres. About 12 structures are currently under threat, down from 20 on Wednesday, according to the New Jersey Forest …
Generali CEO Secures New Term After Contested Natixis Deal
Generali Chief Executive Philippe Donnet secured shareholder support on Thursday to stay in the job for another three years, after he struck a landmark asset management deal that irked both a major investor and the Rome government. The vote hands …
UK’s Extremely Dry Start to Year Raises Crop and Wildfire Risks
The UK’s driest start to the year in four decades is threatening the country’s grain crops and increasing the risk of wildfires. Total precipitation of about 20.5 centimeters (8.1 inches) during the first quarter was the lowest since 1985, according …
AXA Board Proposes to Renew CEO Buberl’s Mandate in 2026
French insurer AXA’s board of directors will propose the renewal of Chief Executive Thomas Buberl’s mandate for another four years at its annual shareholder meeting in 2026, the company said on Wednesday. Buberl, 52, has led the group since 2016 …
UniCredit Holds Stake of Between 6-7% in Generali, Source Says
UniCredit has increased its stake in insurer Generali to between 6% and 7%, a person with knowledge of the matter said on Thursday, ahead of a key shareholder vote to pick a new board of directors. Unicredit’s stake was 5.3% …
The Race to Fix Aging Computer Systems Heats Up With AI’s Help
Kresimir Mudrovcic and his team of programmers spend months on end trawling through computer code that can be three times as old as the crew’s youngest members. Mudrovcic specializes in mainframe technology, involving computers tracing their roots to the dawn …