INSURANCE NEWS
FTC’s Holyoak Concerned AI Collecting Children’s Data
U.S. Federal Trade Commissioner Melissa Holyoak said on Thursday the agency should look into how artificial-intelligence products use the data they gather from younger users, amid privacy and safety concerns. Holyoak, one of two Republicans on the commission who could …
Swiss Re Execs Sleeping Well After $2.4 Billion Q3 Reserve Boost
While a $2.4 billion boost in loss reserves for the third-quarter will help Swiss Re’s executives sleep better on a bigger cushion, across the industry, worsening trends in U.S. liability loss costs aren’t letting up, they said yesterday. In fact, …
Judge Questions Transparency of Onion Bid for Infowars
A frustrated bankruptcy judge said he has concerns over the process in which satirical news site The Onion won an auction for right-wing provocateur Alex Jones’ Infowars website. Saying he was dissatisfied with the transparency of the sale process, Judge …
North Carolina Man Charged With Falsifying Insurance Certificate
A North Carolina man gas been charged with obtaining property by false pretense and common law forgery, both felonies. North Carolina Insurance Commissioner Mike Causey announced the arrest of David Fitzgerald Bishop Jr., of Winston-Salem. According to special agents with …
Driver Dies in Crash Off Hurricane-Damaged North Carolina Highway
A driver has died after going around a barricade and driving off the edge of a hurricane-damaged North Carolina highway that became a symbol of Hurricane Helene’s destruction. Photos of Interstate 40 with multiple lanes washed out by Helene near …
Kentucky Factory Neighbors Cite Years of Odors Before Deadly Explosion
For years, neighbors who lived near a factory in Louisville, Kentucky, complained amongst themselves and to local officials about a variety of strange smells coming from the plant, which produces colorings for food and drinks. Some described it as an …
Tropical Storm Sara Menaces Honduras With Catastrophic Floods
Tropical Storm Sara has formed off the coast of Honduras, threatening to unleash catastrophic flooding and landslides across Central America. Sara, the Atlantic’s 18th named storm this season, had top winds of 40 miles (64 kilometers) per hour and was …
Crisis-Era Regulation Has ‘Gone Too Far,’ Reeves Tells Finance Sector
Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain’s “crown jewel” financial industry which she said has shackled the City’s global prospects since the global financial crisis and stifled UK economic growth. According to extracts from …
Brazilian Court Clears Vale, BHP and Samarco of Criminal Charges in 2015 Dam Collapse
A Brazilian federal court ruled miners Vale, BHP Group and their joint venture Samarco are not criminally liable for the deadly 2015 Fundao tailings dam collapse, according to a statement from the court on Thursday. The dam collapse at an …
EU Readies More Sanctions on Russia’s Shadow Fleet by Year’s End
The European Union is working on a new package of sanctions aimed at targeting the shadow fleet of tankers Russia is using to get its oil to market, according to people familiar with the matter. The package, which the bloc …
Less Worker Deaths Investigated by Labor Department’s OSHA in FY 2024
The Occupational Safety and Health Administration said its enforcement has led to fewer workers dying. OSHA, a part of the Department of Labor, said it investigated 826 worker deaths in fiscal year 2024. This is an 11% reduction from 928 …
People Moves: Zurich Names Bernard Head of Industry Practices for US Middle Market; FM Promotes Hodge to COO
Zurich North America, headquartered in Schaumburg, Illinois, promoted Stan Bernard to head of industry practices for U.S. Middle Market. Bernard succeeds Lynn Zeitler, who is retiring in December after 31 years with Zurich. Bernard, who is based in Maryland, has …