INSURANCE NEWS

Europe’s Key Rivers Are Drying Up as Extreme Heat Impact Widens

Europe’s biggest rivers, vital arteries for the region’s heavy industries, are drying up after the region was seared by a series of heat waves. As water levels in the Rhine and Danube fall toward record lows, that’s starting to disrupt …
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Amgen Reports Theft of Patient Data in Cyber Incident

Amgen Inc. experienced a cyber incident that involved the theft of patient information and proprietary data stored in cloud servers, it said in a filing July 31, the latest large healthcare company to suffer a data breach. The drugmaker is …
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OpenAI Finds Evidence Other AI Agents Escaped Containment as it Widens Probe

OpenAI has discovered other instances in which autonomous agents have escaped containment as the company expands its investigation of the hacking incident at tech firm Hugging Face that drew global attention this month, two people familiar with the matter said …
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‘Tow Godz’ and Auto Glass Businessmen Charged in Carolina Fraud Schemes

Two Carolina businessmen were charged with auto insurance fraud in separate schemes that involved made-up tow truck charges and windshields that were never replaced. In Myrtle Beach, South Carolina, state authorities last week charged John Angulo, 46, the owner of …
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New York Sues Prediction Market Platform Kalshi Alleging ‘Illegal Gambling Operation’

New York officials sued prediction market platform Kalshi for potentially billions of dollars on Friday, calling it an “illegal, unlicensed gambling operation” that includes sports wagering as the state seeks to halt its operations and force the company to forfeit …
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US Proposes Deep Colorado River Water Cuts For Arizona, California, Nevada

The U.S. government proposed deep cuts to water supply for Arizona, California and Nevada during dry years in a new plan it released on Friday to operate the drought-stricken Colorado River. Lawsuits from states could challenge the federal intervention and …
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New York’s Heavy Rains Lead to Water Rescues, Grist Mill Destruction

Cleanup efforts were underway in parts of upstate New York last Thursday following two days of heavy rains that led to flash flooding, water rescues and the destruction of a centuries-old grist mill. Nearly a foot (30 centimeters) of rain …
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Trump Blames Minnesota Cyberattack on Governor, Not Iran

President Donald Trump blamed Minnesota state officials with whom he has feuded for cyberattacks on multiple water systems there, despite reports that officials suspected Iranian involvement in the disruptions. The New York Times, citing U.S. and state officials, reported that …
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Florida Woman Sentenced in $6 Million Force-Placed Insurance Scheme

A south Florida woman who was once a licensed insurance producer has been sentenced to spend more than three years in prison and forfeit assets after she pleaded guilty to a leading role in a $6 million property insurance and …
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Supply Chain Insurance Is ‘Must-Have’ Cover During Geopolitical Tensions: GlobalData

Supply chain insurance is seen as a must-have protection during a period of geopolitical tensions to safeguard daily commercial operations, according to GlobalData, the London-based data and analytics company. Supply chain insurance (41.1%) is the product expected to see the …
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NHTSA Probes 1.2 Million Tesla Vehicles Over Suspension Failure Risks

he National Highway Traffic Safety Administration said on July 31 it has opened a preliminary investigation into about 1.2 million Tesla vehicles over reports of suspension failures that could cause a loss of vehicle steering control. The regulator said its …
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Deadly Flooding in West Virginia Finds Prevention Plans Unaddressed

At least two West Virginians are dead, dozens of homes are damaged and communities across north central West Virginia are left picking up the pieces in the wake of another major flood. Just a decade ago, a massive flood prompted …
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