INSURANCE NEWS
Sapphire Minmetals Aims to Expedite $2 Billion Lawsuit Against Glencore: Chairman
Trading firm Sapphire Minmetals and related companies plan to move swiftly with their $2 billion lawsuit against Glencore after a Singapore court appointed KPMG as interim judicial managers of Radiant World, Chairman Rakesh Sethi told Reuters. Radiant World, Sapphire Minmetals …
Full Senate Passes Measure to Reauthorize Federal Terrorism Insurance Backstop
The U.S. Senate late Sept. 28 passed, by unanimous consent, legislation to reauthorize the federal terrorism insurance backstop. The Senate moved on the Terrorism Risk Insurance Program Reauthorization Act of 2026 (S. 4395) to extend the program until 2034. It …
Texas Governor Declares Disaster Over Diesel Prices
Gov. Greg Abbott declared a statewide disaster on Monday over soaring diesel prices and a worsening fuel shortage created by wars abroad. The 30-day disaster declaration, which can be extended indefinitely, allowed Abbott to lift some restrictions on commercial transportation, …
WalkerHughes Acquires Ohio’s Burgett
WalkerHughes Insurance has acquired Burgett Insurance Agency, based in Killbuck, Ohio. The addition of Burgett further expands WalkerHughes’ footprint in Ohio and builds upon the firm’s continued growth in the state following its partnership with Sacksteder Worland Insurance Agency in …
Cornell Backs Probe Into Fraternity Sexual Assault Allegations
Cornell University said it supports a decision by prosecutors to reopen a criminal investigation into allegations of sexual assault and rape at a campus fraternity, pushing back on criticism of how it handled the case. The Ivy League school defended …
French Court Finds Swiftair Guilty of Corporate Manslaughter Over Mali Crash
The Paris Criminal Court found Spanish company Swiftair guilty of corporate manslaughter on Monday over the 2014 crash of an Air Algerie flight that killed 116 people in northern Mali. Swiftair, which had been sub-contracted to operate the flight on …
Samsung’s Insurance Arms Lead Korean Drive for Overseas M&A
South Korean banks and insurers are hunting for overseas deals to lift growth, signaling a broader outward turn by an industry that largely stayed home while companies including Samsung Electronics Co. and Hyundai Motor Co. built global businesses. A rapidly …
Estonia Says Russia Behind Arson Attack on Defense Firm
Estonia’s government said with “full confidence” that Russian special services commissioned an August arson attack against a defense manufacturing facility in Tallinn. “The arson attack on Milrem in Estonia on the night of 15 August was an act of sabotage,” …
Slips, Trips And Falls: Why It’s Important to Get Ahead of An Incident
Slips, trips and falls are a leading cause of injuries and fatalities in the United States. As a result, the cost of these mostly avoidable tragedies results in significant personal and financial loss. To best manage claims, it is essential …
Autonomous AI hacks Raise Thorny Questions of Legal Accountability
The Justice Department has a long history of investigating and prosecuting hackers who break into a private company’s network. But what happens when the hackers aren’t human? That’s the question at the center of a public policy debate roiling Silicon …
Bitget Hack Pushes North Korean Crypto Haul Past $1 Billion
A $357 million hack of crypto exchange Bitget on Thursday was likely carried out by North Korea-linked hackers, pushing the nation-state’s haul from digital-asset thefts above $1 billion this year, according to analytics firm Elliptic Enterprises Ltd. The Bitget exploit …
OpenAI’s Models Accessed Public US Census, SEC Data
OpenAI’s artificial intelligence models accessed publicly available information from US government websites, including those of the Census Bureau and the Securities and Exchange Commission. The company’s agentic AI systems interacted with SEC.gov and Investor.gov, as well as publicly available data …