INSURANCE NEWS
Consultant Diversity Labs Forced to Shut Down After DEI Investigation by FTC
An investigation by the Federal Trade Commission into diversity, equity and inclusion at a consultancy for law firms and legal departments has forced the company to shut down. The FTC said Diversity Lab LLC used “discriminatory DEI employment practices” in …
Palm Beach Agent Charged With Keeping $90,000 in Surety Bond Payments
A licensed property-casualty insurance agent in Palm Beach Gardens has been charged with keeping payments for contractors’ surety bonds, then using the funds for personal gain. Checree Bryant, 51, of Innovative Bonding Services, was arrested last week and charged with …
Massachusetts Cites Worsening Drought Conditions as Summer Arrives
Citing continued below-average rainfall and worsening dry conditions, Massachusetts officials have declared a significant drought (Level 2) in the Southeast, Cape Cod, and Islands regions of the state. Energy and Environmental Affairs Secretary Rebecca Tepper said the designation also recognizes …
Connecticut Drivers to Lose License for Repeatedly Failing to Stop for School Bus
Connecticut Governor Ned Lamont has signed a bill into law mandating a six-month suspension of a driver’s license of any driver who, upon a third or subsequent time, is caught violating the state law on stopping for school buses. Under …
Anthropic Releases Mythos-Like Model Without Cyber Capabilities
Anthropic PBC is widely releasing a version of Mythos that will be blocked from carrying out cybersecurity tasks, months after warning that the powerful artificial intelligence model could spot and exploit vulnerabilities in critical software. The new model, called Fable …
As Pennsylvania Cracks Down on AI, Multiple Chatbots Continue to Pose as Doctors
Chatbots on five different websites claimed to be licensed to practice medicine in Pennsylvania when prompted by Spotlight PA — the same kind of output that led the Shapiro administration to file a lawsuit last month. A task force under …
Two Crew Missing After Suspected US Strike on Tanker off Oman
Two crew members were missing and one injured on Wednesday after a suspected U.S. missile strike on a tanker off the coast of Oman, maritime officials said. “Ambrey assesses that this was likely the result of U.S. operations to blockade …
WR Berkley Founder and Executive Chairman Dies at 80
W.R. Berkley Corp. said that on June 9 its founder and executive chairman William R. Berkley died at the age of 80. William R. Berkley founded the Greenwich, Connecticut-based commercial property/casualty insurer in 1967, building it into a Fortune 500 …
Australia Insurance Broker Steadfast Gets Offer From Amwins, PE Firm Dragoneer
Australian insurance broker Steadfast Group Ltd. received an indicative offer from US specialty insurance distributor Amwins Group Inc., and private equity firm Dragoneer Investment Group LLC, that sent its shares surging by a record 36%. The conditional, non-binding cash offer …
UK Police Call for Calm After Brutal Knife Attack in Belfast
UK authorities pleaded for calm following a knife attack in Belfast that led to the arrest of a Sudanese national and prompted protest calls from the far right. Video circulating online of the late Monday attack appeared to show the …
US, Iran Attack Each Other Over Apache Helicopter Downed Near Hormuz Strait
The US and Iran exchanged strikes overnight after President Donald Trump retaliated against Tehran for shooting down an American Apache helicopter.The skirmishes further jolted a two-month-old truce and exposed the fragility of talks between the warring sides aimed at securing …
Britain’s Garden Habits Are Making Their Homes Harder to Insure
As the UK moves from a record-hot May into an unseasonably wet June, the risk of flooding is being exacerbated by a proliferation of paved gardens, according to the country’s flood insurer of last resort. The trend — often a …